MasTec (NYSE:MTZ – Free Report) had its price objective hoisted by Stifel Nicolaus from $155.00 to $185.00 in a report issued on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.
MTZ has been the topic of a number of other reports. Robert W. Baird upped their price target on MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Truist Financial increased their price target on MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Guggenheim initiated coverage on MasTec in a research note on Wednesday, January 8th. They set a “buy” rating and a $195.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of MasTec in a research report on Monday, October 7th. They issued an “overweight” rating and a $153.00 price objective for the company. Finally, B. Riley reissued a “buy” rating and set a $166.00 target price (up previously from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, MasTec currently has an average rating of “Moderate Buy” and a consensus price target of $157.21.
Get Our Latest Stock Report on MTZ
MasTec Trading Down 0.4 %
Insider Activity at MasTec
In related news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the sale, the director now directly owns 42,478 shares of the company’s stock, valued at $6,159,310. This trade represents a 6.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $150.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief operating officer now directly owns 187,202 shares of the company’s stock, valued at $28,080,300. The trade was a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,023 shares of company stock worth $4,515,089 over the last three months. Company insiders own 21.30% of the company’s stock.
Institutional Investors Weigh In On MasTec
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of MasTec in the 3rd quarter valued at $25,000. R Squared Ltd acquired a new position in shares of MasTec in the fourth quarter worth about $44,000. UMB Bank n.a. raised its position in shares of MasTec by 46.3% in the third quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock worth $47,000 after acquiring an additional 120 shares during the period. True Wealth Design LLC purchased a new stake in shares of MasTec during the 3rd quarter worth about $57,000. Finally, GAMMA Investing LLC grew its position in shares of MasTec by 39.9% during the 3rd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $63,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.
MasTec Company Profile
MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.
See Also
- Five stocks we like better than MasTec
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Why Energy Transfer Stock Could Soar to New Highs in 2025
- Where Do I Find 52-Week Highs and Lows?
- 3 Buy-and-Hold Stocks for Long-Term Growth
- Where to Find Earnings Call Transcripts
- Despite Short-Term Risks Freeport McMoran Worth a Look
Receive News & Ratings for MasTec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec and related companies with MarketBeat.com's FREE daily email newsletter.