MasTec, Inc. (NYSE:MTZ) Receives Consensus Rating of “Moderate Buy” from Brokerages

MasTec, Inc. (NYSE:MTZ) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $116.23.

A number of equities analysts have recently weighed in on MTZ shares. Barclays lifted their price target on shares of MasTec from $106.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. B. Riley reissued a “buy” rating and set a $132.00 price target on shares of MasTec in a research report on Thursday, June 27th. Truist Financial reissued a “hold” rating and set a $109.00 price target (up from $96.00) on shares of MasTec in a research report on Monday, May 6th. Citigroup lifted their price target on shares of MasTec from $99.00 to $104.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, StockNews.com raised shares of MasTec from a “hold” rating to a “buy” rating in a research report on Monday, May 6th.

Insider Buying and Selling at MasTec

In other MasTec news, Director C Robert Campbell sold 2,000 shares of MasTec stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $110.00, for a total value of $220,000.00. Following the sale, the director now directly owns 50,725 shares in the company, valued at approximately $5,579,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Javier Alberto Palomarez sold 2,850 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $106.67, for a total transaction of $304,009.50. Following the transaction, the director now directly owns 10,666 shares in the company, valued at approximately $1,137,742.22. 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 2,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $110.00, for a total transaction of $220,000.00. Following the transaction, the director now owns 50,725 shares in the company, valued at $5,579,750. The disclosure for this sale can be found here. Company insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of MasTec by 64.9% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock worth $39,000 after purchasing an additional 144 shares during the last quarter. Boston Partners acquired a new position in MasTec in the 1st quarter valued at about $748,000. Cetera Advisors LLC acquired a new position in MasTec in the 1st quarter valued at about $268,000. Community Trust & Investment Co. grew its stake in MasTec by 0.6% in the 1st quarter. Community Trust & Investment Co. now owns 237,165 shares of the construction company’s stock valued at $22,116,000 after buying an additional 1,402 shares during the last quarter. Finally, Second Line Capital LLC grew 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 buying an additional 225 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Price Performance

Shares of MTZ stock opened at $100.92 on Wednesday. MasTec has a 52-week low of $44.65 and a 52-week high of $123.33. The stock has a market cap of $8.02 billion, a PE ratio of -720.86 and a beta of 1.65. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.27 and a current ratio of 1.31. The firm’s 50 day moving average price is $105.52 and its two-hundred day moving average price is $87.86.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.33. MasTec had a negative net margin of 0.09% and a positive return on equity of 6.19%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.62 billion. As a group, analysts forecast that MasTec will post 2.58 EPS for the current year.

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.