Brokerages Set MasTec, Inc. (NYSE:MTZ) Target Price at $162.06

Shares of MasTec, Inc. (NYSE:MTZ - Get Free Report) have received an average rating of "Moderate Buy" from the seventeen research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $162.69.

Several analysts have recently commented on the stock. B. Riley reissued a "buy" rating and set a $165.00 price target (up from $151.00) on shares of MasTec in a research note on Wednesday, March 19th. KeyCorp boosted their price target on MasTec from $140.00 to $163.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Jefferies Financial Group began coverage on MasTec in a research report on Friday, May 16th. They set a "buy" rating and a $188.00 price target on the stock. Truist Financial upped their target price on MasTec from $154.00 to $184.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Piper Sandler increased their price target on MasTec from $134.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th.

MasTec Price Performance

NYSE MTZ traded up $1.04 on Friday, reaching $156.24. The company's stock had a trading volume of 647,754 shares, compared to its average volume of 942,684. The firm has a market cap of $12.33 billion, a PE ratio of 139.50 and a beta of 1.71. The business has a 50-day moving average price of $131.88 and a 200 day moving average price of $135.65. MasTec has a 52 week low of $89.96 and a 52 week high of $166.95. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The construction company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.17. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.71 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.13) earnings per share. Sell-side analysts expect that MasTec will post 3.44 EPS for the current year.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 2,517 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $131.63, for a total transaction of $331,312.71. Following the completion of the sale, the director now directly owns 23,000 shares in the company, valued at approximately $3,027,490. This trade represents a 9.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $153.89, for a total value of $461,670.00. Following the sale, the director now owns 39,782 shares of the company's stock, valued at approximately $6,122,051.98. The trade was a 7.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is owned by corporate insiders.

Institutional Trading of MasTec

Large investors have recently made changes to their positions in the company. Strs Ohio acquired a new position in MasTec during the 1st quarter valued at about $1,082,000. Geneos Wealth Management Inc. boosted its stake in MasTec by 15.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 764 shares of the construction company's stock valued at $89,000 after purchasing an additional 104 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in MasTec by 42.7% during the 1st quarter. Belpointe Asset Management LLC now owns 3,252 shares of the construction company's stock valued at $380,000 after purchasing an additional 973 shares during the last quarter. Bayforest Capital Ltd boosted its stake in MasTec by 294.3% during the 1st quarter. Bayforest Capital Ltd now owns 6,419 shares of the construction company's stock valued at $749,000 after purchasing an additional 4,791 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in MasTec during the 1st quarter valued at about $467,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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.