Brokerages Set MasTec, Inc. (NYSE:MTZ) PT at $158.57

MasTec, Inc. (NYSE:MTZ) has been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $158.57.

Several analysts have commented on the stock. Robert W. Baird increased their price target on shares of MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. TD Cowen increased their target price on shares of MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Craig Hallum lifted their price target on shares of MasTec from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, November 4th. B. Riley reiterated a “buy” rating and set a $166.00 price objective (up previously from $151.00) on shares of MasTec in a report on Tuesday, November 5th. Finally, UBS Group raised their price objective on MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd.

Insider Activity

In related news, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief operating officer now directly owns 187,202 shares in the company, valued at $28,080,300. The trade was a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the sale, the director now directly owns 42,478 shares in the company, valued at $6,159,310. This represents a 6.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MTZ. Wilmington Savings Fund Society FSB acquired a new stake in shares of MasTec during the 3rd quarter worth approximately $25,000. Ameliora Wealth Management Ltd. acquired a new stake in MasTec during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC increased its holdings in MasTec by 181.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock valued at $25,000 after buying an additional 116 shares in the last quarter. Colonial Trust Co SC raised its position in shares of MasTec by 335.7% in the fourth quarter. Colonial Trust Co SC now owns 183 shares of the construction company’s stock worth $25,000 after acquiring an additional 141 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of MasTec by 93.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock worth $36,000 after acquiring an additional 128 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Trading Down 0.5 %

Shares of NYSE MTZ opened at $134.95 on Thursday. MasTec has a 1-year low of $68.68 and a 1-year high of $166.95. The business has a fifty day moving average price of $142.58 and a 200 day moving average price of $130.48. The stock has a market capitalization of $10.69 billion, a P/E ratio of 120.49 and a beta of 1.73. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20.

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.