MasTec (NYSE:MTZ) Price Target Raised to $168.00

MasTec (NYSE:MTZ - Free Report) had its price objective increased by KeyCorp from $153.00 to $168.00 in a report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the construction company's stock.

MTZ has been the subject of several other reports. Citigroup upped their price objective 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. Guggenheim started coverage on MasTec in a research report on Wednesday. They set a "buy" rating and a $195.00 price target for the company. Stifel Nicolaus lifted their price objective on MasTec from $153.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Truist Financial raised their price target on MasTec from $173.00 to $189.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Finally, TD Cowen boosted their price objective on shares of MasTec from $115.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, MasTec currently has an average rating of "Moderate Buy" and an average target price of $155.07.

MasTec Trading Up 0.2 %

Shares of NYSE MTZ traded up $0.31 during mid-day trading on Wednesday, hitting $146.72. The stock had a trading volume of 885,352 shares, compared to its average volume of 925,326. The business has a 50 day moving average price of $138.82 and a two-hundred day moving average price of $122.01. MasTec has a 1 year low of $60.96 and a 1 year high of $150.55. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The firm has a market cap of $11.63 billion, a P/E ratio of 131.00 and a beta of 1.74.

Insider Activity at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction 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 completion of the sale, the director now owns 42,478 shares of the company's stock, valued at approximately $6,159,310. This trade represents a 6.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Robert E. Apple sold 19,023 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $135.63, for a total value of $2,580,089.49. Following the transaction, the chief operating officer now directly owns 197,202 shares in the company, valued at approximately $26,746,507.26. The trade was a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,023 shares of company stock valued at $4,515,089. 21.30% of the stock is owned by insiders.

Institutional Trading of MasTec

Institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of MasTec during the third quarter valued at approximately $25,000. DekaBank Deutsche Girozentrale purchased a new stake in MasTec during the 2nd quarter valued at $40,000. UMB Bank n.a. lifted its holdings in shares of MasTec by 46.3% during the 3rd quarter. UMB Bank n.a. now owns 379 shares of the construction company's stock valued at $47,000 after buying an additional 120 shares during the period. True Wealth Design LLC bought a new position in shares of MasTec during the 3rd quarter valued at $57,000. Finally, GAMMA Investing LLC boosted its stake in shares of MasTec by 39.9% in the 3rd quarter. GAMMA Investing LLC now owns 512 shares of the construction company's stock worth $63,000 after buying an additional 146 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.