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

Shares of MasTec, Inc. (NYSE:MTZ) have received a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $229.4444.

Several equities analysts recently issued reports on MTZ shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MasTec in a report on Thursday, November 13th. Stifel Nicolaus boosted their price objective on shares of MasTec from $198.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Jefferies Financial Group increased their price objective on shares of MasTec from $218.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. UBS Group lifted their target price on shares of MasTec from $206.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Finally, TD Cowen increased their price target on shares of MasTec from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, August 4th.

MasTec Price Performance

MTZ stock opened at $197.47 on Friday. The firm has a 50 day moving average of $203.67 and a 200-day moving average of $181.46. The company has a market cap of $15.58 billion, a price-to-earnings ratio of 58.42 and a beta of 1.88. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. MasTec has a 12-month low of $99.70 and a 12-month high of $224.03.

Insider Activity at MasTec

In other MasTec news, CAO Timothy Michael Love sold 1,929 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $206.15, for a total transaction of $397,663.35. Following the sale, the chief accounting officer owned 9,757 shares in the company, valued at approximately $2,011,405.55. This represents a 16.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Robert Campbell sold 2,000 shares of the business’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $210.39, for a total value of $420,780.00. Following the completion of the transaction, the director directly owned 33,277 shares of the company’s stock, valued at approximately $7,001,148.03. This trade represents a 5.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 16,929 shares of company stock valued at $3,394,013. 21.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MasTec

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of MasTec during the fourth quarter valued at approximately $227,000. Envestnet Asset Management Inc. raised its holdings in MasTec by 32.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 45,736 shares of the construction company’s stock valued at $5,338,000 after acquiring an additional 11,143 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of MasTec by 16.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 743 shares of the construction company’s stock worth $87,000 after purchasing an additional 104 shares during the period. Cerity Partners LLC boosted its holdings in shares of MasTec by 24.1% during the first quarter. Cerity Partners LLC now owns 30,088 shares of the construction company’s stock worth $3,512,000 after purchasing an additional 5,835 shares during the last quarter. Finally, Securian Asset Management Inc. boosted its holdings in shares of MasTec by 2.2% during the first quarter. Securian Asset Management Inc. now owns 4,719 shares of the construction company’s stock worth $551,000 after purchasing an additional 100 shares during the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

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.