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

Shares of MasTec, Inc. (NYSE:MTZ) have been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $151.00.

MTZ has been the subject of several research analyst reports. B. Riley reiterated a “buy” rating and set a $165.00 target price (up from $151.00) on shares of MasTec in a research report on Wednesday, March 19th. Guggenheim reiterated a “buy” rating and set a $195.00 target price on shares of MasTec in a research report on Tuesday, March 25th. Barclays lifted their target price on MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Wolfe Research initiated coverage on MasTec in a research report on Monday, March 31st. They set a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. lifted their target price on MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 2,517 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $131.63, for a total value of $331,312.71. Following the completion of the transaction, the director now directly owns 23,000 shares in the company, valued at approximately $3,027,490. The trade was a 9.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 21.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MasTec

A number of large investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its holdings in shares of MasTec by 98.6% during the first quarter. Teacher Retirement System of Texas now owns 67,252 shares of the construction company’s stock valued at $7,849,000 after acquiring an additional 33,390 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of MasTec during the first quarter valued at about $35,000. KBC Group NV increased its holdings in shares of MasTec by 10.6% during the first quarter. KBC Group NV now owns 2,773 shares of the construction company’s stock valued at $324,000 after acquiring an additional 266 shares in the last quarter. CWC Advisors LLC. increased its holdings in shares of MasTec by 31.0% during the first quarter. CWC Advisors LLC. now owns 4,630 shares of the construction company’s stock valued at $540,000 after acquiring an additional 1,096 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of MasTec by 33.5% during the first quarter. Sequoia Financial Advisors LLC now owns 2,253 shares of the construction company’s stock valued at $263,000 after acquiring an additional 565 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Up 0.9 %

Shares of MTZ opened at $126.22 on Tuesday. The company has a market cap of $9.98 billion, a PE ratio of 112.70 and a beta of 1.62. The business has a fifty day moving average of $120.17 and a 200 day moving average of $132.51. MasTec has a 52-week low of $86.12 and a 52-week high of $166.95. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. On average, sell-side analysts expect that MasTec will post 3.44 EPS for the current year.

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.