Analysts Set MasTec, Inc. (NYSE:MTZ) Target Price at $143.08

MasTec, Inc. (NYSE:MTZ - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $148.62.

A number of equities research analysts recently issued reports on MTZ shares. The Goldman Sachs Group boosted their price objective on MasTec from $115.00 to $130.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. KeyCorp boosted their price objective on MasTec from $123.00 to $145.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Stifel Nicolaus lifted their target price on MasTec from $121.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, October 10th. B. Riley reaffirmed a "buy" rating and set a $166.00 target price (up previously from $151.00) on shares of MasTec in a report on Tuesday. Finally, UBS Group lifted their target price on MasTec from $129.00 to $147.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd.

Insider Buying and Selling

In other news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $116.26, for a total value of $348,780.00. Following the sale, the director now directly owns 48,173 shares of the company's stock, valued at approximately $5,600,592.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $116.26, for a total transaction of $348,780.00. Following the sale, the director now directly owns 48,173 shares of the company's stock, valued at $5,600,592.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Robert E. Apple sold 800 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $130.04, for a total value of $104,032.00. Following the sale, the chief operating officer now directly owns 216,402 shares in the company, valued at $28,140,916.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,800 shares of company stock valued at $2,978,212 over the last ninety days. Company insiders own 21.30% of the company's stock.

Institutional Investors Weigh In On MasTec

Institutional investors have recently modified their holdings of the business. Hobbs Group Advisors LLC bought a new position in MasTec in the second quarter valued at about $27,000. GAMMA Investing LLC lifted its holdings in MasTec by 64.9% in the second quarter. GAMMA Investing LLC now owns 366 shares of the construction company's stock valued at $39,000 after acquiring an additional 144 shares during the period. DekaBank Deutsche Girozentrale bought a new position in MasTec in the second quarter valued at about $40,000. UMB Bank n.a. raised its stake in shares of MasTec by 46.3% in the third quarter. UMB Bank n.a. now owns 379 shares of the construction company's stock worth $47,000 after buying an additional 120 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of MasTec by 5,436.4% in the first quarter. Bessemer Group Inc. now owns 609 shares of the construction company's stock worth $57,000 after buying an additional 598 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Stock Performance

Shares of NYSE MTZ traded up $3.93 during mid-day trading on Tuesday, reaching $136.54. 834,424 shares of the company's stock were exchanged, compared to its average volume of 852,996. The firm has a market capitalization of $10.82 billion, a price-to-earnings ratio of 121.70 and a beta of 1.70. MasTec has a 52 week low of $46.70 and a 52 week high of $139.39. 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 firm has a 50-day moving average price of $119.64 and a two-hundred day moving average price of $110.38.

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.