MasTec, Inc. (NYSE:MTZ) Receives $158.57 Average Price Target from Brokerages

MasTec, Inc. (NYSE:MTZ) has been given a consensus rating of “Moderate Buy” by the fourteen analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $158.57.

MTZ has been the subject of several research analyst reports. UBS Group lifted their price target on MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Craig Hallum lifted their price target on MasTec from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. KeyCorp lifted their price target on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Truist Financial boosted their target price on MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, TD Cowen boosted their target price on MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

MasTec Trading Down 1.1 %

Shares of MTZ stock opened at $135.48 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $142.55 and a two-hundred day moving average price of $129.87. MasTec has a 12-month low of $68.68 and a 12-month high of $166.95. The firm has a market cap of $10.74 billion, a P/E ratio of 120.96 and a beta of 1.73.

Insider Buying and Selling at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the transaction, the chief operating officer now owns 187,202 shares in the company, valued at approximately $28,080,300. This represents a 5.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the transaction, the director now owns 42,478 shares in the company, valued at $6,159,310. This trade represents a 6.60 % decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of MasTec in the 3rd quarter worth approximately $25,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of MasTec in the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its stake in shares of MasTec by 181.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock worth $25,000 after buying an additional 116 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of MasTec by 93.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock worth $36,000 after buying an additional 128 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of MasTec by 162.4% in the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company’s stock worth $42,000 after buying an additional 190 shares during the last quarter. Hedge funds and other 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.