MasTec, Inc. (NYSE:MTZ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

MasTec, Inc. (NYSE:MTZ) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $150.23.

Several equities analysts recently commented on the stock. TD Cowen upped their price target on shares of MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 4th. B. Riley reissued a “buy” rating and issued a $166.00 price objective (up previously from $151.00) on shares of MasTec in a report on Tuesday, November 5th. JPMorgan Chase & Co. initiated coverage on shares of MasTec in a report on Monday, October 7th. They set an “overweight” rating and a $153.00 target price on the stock. The Goldman Sachs Group boosted their price target on MasTec from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. 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 note on Wednesday, October 23rd.

MasTec Stock Performance

Shares of NYSE MTZ opened at $135.73 on Wednesday. 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 firm has a market cap of $10.75 billion, a price-to-earnings ratio of 121.19 and a beta of 1.72. The stock’s fifty day moving average price is $136.37 and its two-hundred day moving average price is $120.38. MasTec has a one year low of $60.96 and a one year high of $150.12.

Insider Activity at MasTec

In related news, COO Robert E. Apple sold 19,023 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $135.63, for a total transaction of $2,580,089.49. Following the completion of the transaction, the chief operating officer now directly owns 197,202 shares in the company, valued at $26,746,507.26. This represents a 8.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the 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 completion of the transaction, the director now directly owns 42,478 shares of the company’s stock, valued at approximately $6,159,310. The trade was a 6.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,823 shares of company stock valued at $4,619,121 over the last ninety days. 21.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MasTec

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of MasTec during the third quarter valued at about $25,000. DekaBank Deutsche Girozentrale acquired a new stake in MasTec during the 2nd quarter worth approximately $40,000. UMB Bank n.a. boosted its position in MasTec by 46.3% during the 3rd quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock worth $47,000 after buying an additional 120 shares during the period. True Wealth Design LLC bought a new stake in MasTec during the 3rd quarter worth approximately $57,000. Finally, GAMMA Investing LLC increased its position in MasTec by 39.9% in 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 own 78.10% of the company’s stock.

About MasTec

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.