MasTec, Inc. (NYSE:MTZ) Given Average Rating of “Moderate Buy” by Analysts

Shares of MasTec, Inc. (NYSE:MTZ) have received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $158.57.

MTZ has been the topic of several research reports. B. Riley reissued a “buy” rating and issued a $166.00 target price (up previously from $151.00) on shares of MasTec in a report on Tuesday, November 5th. Truist Financial raised their target price on shares of MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Craig Hallum upped their price target on shares of MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, November 4th. Citigroup raised their price objective on shares of MasTec from $122.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Robert W. Baird upped their target price on MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a research note on Monday, November 4th.

Insider Transactions at MasTec

In related news, COO Robert E. Apple sold 10,000 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now owns 187,202 shares of the company’s stock, valued at approximately $28,080,300. This represents a 5.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the transaction, the director now directly owns 42,478 shares in the company, valued at approximately $6,159,310. This trade 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 Trading of MasTec

Several large investors have recently added to or reduced their stakes in MTZ. Kingswood Wealth Advisors LLC grew its stake in shares of MasTec by 45.8% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 28,498 shares of the construction company’s stock valued at $3,880,000 after buying an additional 8,948 shares in the last quarter. Atom Investors LP boosted its holdings in MasTec by 979.0% in the 3rd quarter. Atom Investors LP now owns 61,018 shares of the construction company’s stock worth $7,511,000 after acquiring an additional 55,363 shares during the period. Exchange Traded Concepts LLC grew its position in MasTec by 286.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company’s stock valued at $2,433,000 after acquiring an additional 13,241 shares in the last quarter. State Street Corp raised its stake in shares of MasTec by 1.4% during the third quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock valued at $224,530,000 after purchasing an additional 24,522 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in shares of MasTec during the fourth quarter valued at approximately $415,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Price Performance

Shares of NYSE:MTZ opened at $137.97 on Thursday. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 123.19 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. The business’s 50 day simple moving average is $142.76 and its 200-day simple moving average is $129.46. MasTec has a 12 month low of $68.68 and a 12 month high of $166.95.

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.