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

by · The Cerbat Gem

Shares of MasTec, Inc. (NYSE:MTZ – Get Free Report) have been given a consensus rating of “Moderate Buy” by the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $127.62.

Several equities analysts recently weighed in on MTZ shares. B. Riley boosted their price objective on MasTec from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. started coverage on shares of MasTec in a report on Monday, October 7th. They issued an “overweight” rating and a $153.00 price target for the company. DA Davidson boosted their price objective on shares of MasTec from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Truist Financial increased their target price on shares of MasTec from $112.00 to $133.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, 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 report on Wednesday, October 9th.

View Our Latest Analysis on MasTec

MasTec Stock Performance

MTZ stock opened at $125.37 on Friday. The firm has a 50 day moving average of $114.85 and a two-hundred day moving average of $106.67. MasTec has a 12 month low of $44.65 and a 12 month high of $130.22. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of -895.50 and a beta of 1.70. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.86.

MasTec (NYSE:MTZ – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.09 billion. MasTec had a return on equity of 6.42% and a net margin of 0.06%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 earnings per share. As a group, equities analysts anticipate that MasTec will post 2.69 EPS for the current fiscal year.

Insider Activity at MasTec

In other news, COO Robert E. Apple sold 20,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $126.27, for a total value of $2,525,400.00. Following the completion of the sale, the chief operating officer now directly owns 217,202 shares in the company, valued at approximately $27,426,096.54. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other MasTec 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 transaction, the director now directly owns 48,173 shares in the company, valued at approximately $5,600,592.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert E. Apple sold 20,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $126.27, for a total value of $2,525,400.00. Following the transaction, the chief operating officer now directly owns 217,202 shares in the company, valued at $27,426,096.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,800 shares of company stock valued at $2,978,212 in the last three months. Corporate insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake in MasTec by 46.3% during the 3rd quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock worth $47,000 after acquiring an additional 120 shares during the last quarter. Blue Trust Inc. increased its position in shares of MasTec by 32.6% in the second quarter. Blue Trust Inc. now owns 561 shares of the construction company’s stock valued at $60,000 after acquiring an additional 138 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of MasTec by 64.9% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock worth $39,000 after purchasing an additional 144 shares in the last quarter. DMC Group LLC grew its position in shares of MasTec by 5.5% in the 1st quarter. DMC Group LLC now owns 2,841 shares of the construction company’s stock valued at $265,000 after acquiring an additional 147 shares during the period. Finally, MONECO Advisors LLC increased its position in MasTec by 4.8% during the fourth quarter. MONECO Advisors LLC now owns 3,293 shares of the construction company’s stock worth $249,000 after buying an additional 150 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

About MasTec

(Get Free Report

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.

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