MasTec (NYSE:MTZ) Given “Buy” Rating at B. Riley

B. Riley restated their buy rating on shares of MasTec (NYSE:MTZ) in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a $132.00 price target on the construction company’s stock.

MTZ has been the topic of a number of other research reports. Robert W. Baird increased their price target on MasTec from $89.00 to $110.00 and gave the company a neutral rating in a research note on Monday, May 6th. StockNews.com upgraded MasTec from a hold rating to a buy rating in a research report on Monday, May 6th. Stifel Nicolaus upped their price target on MasTec from $100.00 to $120.00 and gave the company a buy rating in a research note on Monday, May 6th. The Goldman Sachs Group lifted their price objective on shares of MasTec from $88.00 to $109.00 and gave the stock a neutral rating in a research note on Tuesday, May 28th. Finally, DA Davidson increased their target price on shares of MasTec from $100.00 to $120.00 and gave the stock a buy rating in a report on Tuesday, May 7th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, MasTec has an average rating of Moderate Buy and an average price target of $116.23.

MasTec Stock Performance

Shares of MasTec stock opened at $109.24 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.31 and a quick ratio of 1.27. The firm has a 50 day simple moving average of $104.40 and a 200 day simple moving average of $86.94. MasTec has a fifty-two week low of $44.65 and a fifty-two week high of $123.33. The firm has a market cap of $8.68 billion, a P/E ratio of -780.29 and a beta of 1.67.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, May 2nd. The construction company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.33. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.62 billion. MasTec had a positive return on equity of 6.19% and a negative net margin of 0.09%. Sell-side analysts predict that MasTec will post 2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MasTec news, Director C Robert Campbell sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $110.00, for a total transaction of $220,000.00. Following the completion of the transaction, the director now owns 50,725 shares of the company’s stock, valued at approximately $5,579,750. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Javier Alberto Palomarez sold 2,850 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $106.67, for a total value of $304,009.50. Following the completion of the transaction, the director now owns 10,666 shares in the company, valued at approximately $1,137,742.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Robert Campbell sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $110.00, for a total value of $220,000.00. Following the sale, the director now owns 50,725 shares in the company, valued at approximately $5,579,750. The disclosure for this sale can be found here. 21.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. DMC Group LLC boosted its holdings in shares of MasTec by 5.5% in the 1st quarter. DMC Group LLC now owns 2,841 shares of the construction company’s stock valued at $265,000 after buying an additional 147 shares during the last quarter. MONECO Advisors LLC grew its position in shares of MasTec by 4.8% in the 4th quarter. MONECO Advisors LLC now owns 3,293 shares of the construction company’s stock valued at $249,000 after acquiring an additional 150 shares during the period. New York State Teachers Retirement System increased its stake in shares of MasTec by 0.8% during the 1st quarter. New York State Teachers Retirement System now owns 26,557 shares of the construction company’s stock worth $2,476,000 after purchasing an additional 200 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of MasTec by 30.9% in the 4th quarter. Quadrant Capital Group LLC now owns 897 shares of the construction company’s stock valued at $68,000 after purchasing an additional 212 shares during the period. Finally, Second Line Capital LLC lifted its stake in MasTec by 0.8% in the 1st quarter. Second Line Capital LLC now owns 30,026 shares of the construction company’s stock valued at $2,800,000 after purchasing an additional 225 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

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.