Analysts Set MasTec, Inc. (NYSE:MTZ) PT at $169.29

Shares of MasTec, Inc. (NYSE:MTZ - Get Free Report) have earned an average recommendation of "Buy" from the eighteen analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $171.24.

MTZ has been the topic of several analyst reports. KeyCorp reiterated an "overweight" rating and set a $196.00 target price (up from $171.00) on shares of MasTec in a research report on Wednesday. B. Riley restated a "buy" rating and issued a $165.00 price objective (up from $151.00) on shares of MasTec in a research report on Wednesday, March 19th. Roth Capital began coverage on MasTec in a research report on Tuesday, July 1st. They issued a "buy" rating and a $210.00 price objective on the stock. Wolfe Research began coverage on MasTec in a research report on Monday, March 31st. They issued a "peer perform" rating on the stock. Finally, Stifel Nicolaus boosted their price objective on MasTec from $171.00 to $181.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th.

Insider Activity at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $153.89, for a total transaction of $461,670.00. Following the transaction, the director owned 39,782 shares of the company's stock, valued at approximately $6,122,051.98. This represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 21.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of MasTec by 181.3% during 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 last quarter. Colonial Trust Co SC lifted its holdings in shares of MasTec by 335.7% during the 4th quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock valued at $25,000 after purchasing an additional 141 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of MasTec by 2,023.1% during the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock valued at $32,000 after purchasing an additional 263 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in MasTec in the 1st quarter worth $35,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of MasTec by 147.1% during the 1st quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock valued at $39,000 after buying an additional 200 shares during the last quarter. Institutional investors own 78.10% of the company's stock.

MasTec Stock Up 1.5%

Shares of MasTec stock traded up $2.63 on Friday, reaching $174.55. The company's stock had a trading volume of 1,082,773 shares, compared to its average volume of 945,076. The company has a market capitalization of $13.77 billion, a price-to-earnings ratio of 64.17 and a beta of 1.75. The firm's fifty day simple moving average is $161.78 and its two-hundred day simple moving average is $141.70. MasTec has a 52 week low of $89.96 and a 52 week high of $175.05. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.17. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.71 billion. MasTec had a return on equity of 11.65% and a net margin of 1.72%. The company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business posted ($0.13) EPS. Equities analysts anticipate that MasTec will post 3.44 earnings per share for the current year.

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.