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

Shares of MasTec, Inc. (NYSE:MTZ - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fourteen brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $155.07.

Several equities analysts recently weighed in on the stock. Truist Financial increased their price target on shares of MasTec from $173.00 to $189.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Craig Hallum raised their price target on shares of MasTec from $125.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Citigroup lifted their price target on shares of MasTec from $122.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. UBS Group increased their price objective on MasTec from $129.00 to $147.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, KeyCorp boosted their target price on MasTec from $153.00 to $168.00 and gave the company an "overweight" rating in a research note on Wednesday, January 8th.

MasTec Stock Performance

Shares of MasTec stock traded down $0.01 during trading hours on Friday, hitting $155.31. 771,673 shares of the company's stock traded hands, compared to its average volume of 699,861. The stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of 138.67 and a beta of 1.74. MasTec has a 12-month low of $60.96 and a 12-month high of $157.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The company has a fifty day simple moving average of $141.38 and a 200-day simple moving average of $124.30.

Insider Transactions at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of MasTec 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 sale, the chief operating officer now owns 187,202 shares of the company's stock, valued at $28,080,300. The trade was a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the business'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 completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,023 shares of company stock valued at $4,515,089. 21.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MasTec

Several institutional investors and hedge funds have recently made changes to their positions in MTZ. Atom Investors LP grew its position in MasTec by 979.0% during the 3rd quarter. Atom Investors LP now owns 61,018 shares of the construction company's stock worth $7,511,000 after acquiring an additional 55,363 shares during the last quarter. State Street Corp boosted its stake in shares of MasTec by 1.4% during the third quarter. State Street Corp now owns 1,823,967 shares of the construction company's stock valued at $224,530,000 after purchasing an additional 24,522 shares during the period. Makena Capital Management LLC grew its holdings in shares of MasTec by 41.4% in the third quarter. Makena Capital Management LLC now owns 87,146 shares of the construction company's stock worth $10,728,000 after purchasing an additional 25,532 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of MasTec in the third quarter worth $1,470,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in MasTec by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 630,315 shares of the construction company's stock valued at $77,592,000 after buying an additional 7,469 shares during the last quarter. 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.