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

MasTec, Inc. (NYSE:MTZ - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fourteen analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $158.57.

MTZ has been the subject of a number of analyst reports. B. Riley reissued a "buy" rating and set a $166.00 price objective (up from $151.00) on shares of MasTec in a report on Tuesday, November 5th. Truist Financial lifted their price target on MasTec from $173.00 to $189.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Craig Hallum lifted their price target on MasTec from $125.00 to $150.00 and gave the company a "buy" rating in a report on Monday, November 4th. Citigroup lifted their price target on MasTec from $122.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, UBS Group lifted their price target on MasTec from $129.00 to $147.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd.

Insiders Place Their Bets

In other news, COO Robert E. Apple sold 10,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 187,202 shares in the company, valued at approximately $28,080,300. The trade was a 5.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $6,159,310. The trade was a 6.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.30% of the company's stock.

Hedge Funds Weigh In On MasTec

Several institutional investors have recently modified their holdings of MTZ. Wilmington Savings Fund Society FSB acquired a new position in shares of MasTec in the 3rd quarter valued at approximately $25,000. Ameliora Wealth Management Ltd. acquired a new position in shares of MasTec in the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its position 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 valued at $25,000 after purchasing an additional 116 shares during the period. Smartleaf Asset Management LLC grew its position 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 valued at $36,000 after purchasing an additional 128 shares during the period. Finally, Global Retirement Partners LLC grew its position 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 valued at $42,000 after purchasing an additional 190 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Price Performance

Shares of NYSE MTZ traded down $1.48 during midday trading on Thursday, reaching $135.48. 656,864 shares of the company traded hands, compared to its average volume of 1,019,363. The firm has a market cap of $10.74 billion, a PE ratio of 120.96 and a beta of 1.73. The stock's 50-day simple moving average is $142.55 and its 200-day simple moving average is $129.87. MasTec has a 12 month low of $68.68 and a 12 month high of $166.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

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.