MasTec (NYSE:MTZ) Stock Price Expected to Rise, Robert W. Baird Analyst Says

MasTec (NYSE:MTZ) had its price target lifted by Robert W. Baird from $120.00 to $153.00 in a research note released on Monday,Benzinga reports. Robert W. Baird currently has a neutral rating on the construction company’s stock.

A number of other analysts have also commented on MTZ. The Goldman Sachs Group upped their price objective on shares of MasTec from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. DA Davidson upped their price target on shares of MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. initiated coverage on shares of MasTec in a research report on Monday, October 7th. They set an “overweight” rating and a $153.00 price objective on the stock. Citigroup boosted their target price on shares of MasTec from $122.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, UBS Group raised their target price on MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.62.

MasTec Stock Up 0.7 %

NYSE MTZ opened at $141.63 on Monday. 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 company has a market capitalization of $11.22 billion, a P/E ratio of 126.46 and a beta of 1.70. MasTec has a 12 month low of $47.02 and a 12 month high of $144.15. The company’s 50 day simple moving average is $121.40 and its 200 day simple moving average is $111.17.

Insider Activity

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $116.26, for a total transaction of $348,780.00. Following the transaction, the director now directly owns 48,173 shares in the company, valued at $5,600,592.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Robert E. Apple sold 800 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $130.04, for a total transaction of $104,032.00. Following the transaction, the chief operating officer now directly owns 216,402 shares in the company, valued at $28,140,916.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total value of $348,780.00. Following the completion of the transaction, the director now directly owns 48,173 shares of the company’s stock, valued at approximately $5,600,592.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,823 shares of company stock worth $5,558,301 in the last three months. 21.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Caprock Group LLC boosted its position in shares of MasTec by 13.4% during the 3rd quarter. Caprock Group LLC now owns 2,999 shares of the construction company’s stock valued at $369,000 after acquiring an additional 354 shares in the last quarter. LMR Partners LLP acquired a new stake in MasTec during the third quarter valued at approximately $412,000. Quest Partners LLC grew its stake in shares of MasTec by 360,900.0% in the 3rd quarter. Quest Partners LLC now owns 7,220 shares of the construction company’s stock valued at $889,000 after purchasing an additional 7,218 shares during the period. Claro Advisors LLC acquired a new position in shares of MasTec in the 3rd quarter worth approximately $230,000. Finally, Chesapeake Capital Corp IL lifted its position in shares of MasTec by 38.7% during the 3rd quarter. Chesapeake Capital Corp IL now owns 3,910 shares of the construction company’s stock worth $480,000 after buying an additional 1,090 shares during the period. 78.10% of the stock is 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.