MasTec, Inc. (NYSE:MTZ) Receives Consensus Rating of "Moderate Buy" from Brokerages

MasTec, Inc. (NYSE:MTZ - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seventeen research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $166.75.

Several research firms have issued reports on MTZ. Citigroup upped their target price on shares of MasTec from $152.00 to $170.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Stifel Nicolaus upped their price target on shares of MasTec from $171.00 to $181.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Jefferies Financial Group started coverage on shares of MasTec in a research report on Friday, May 16th. They set a "buy" rating and a $188.00 price target for the company. Barclays upped their price target on shares of MasTec from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Finally, B. Riley reaffirmed a "buy" rating and set a $165.00 price target (up previously from $151.00) on shares of MasTec in a research report on Wednesday, March 19th.

MasTec Stock Performance

Shares of MTZ stock opened at $162.53 on Wednesday. MasTec has a 12 month low of $89.96 and a 12 month high of $166.95. The stock has a market cap of $12.82 billion, a PE ratio of 59.75 and a beta of 1.75. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 0.69. The company's fifty day moving average price is $143.59 and its 200-day moving average price is $137.33.

MasTec (NYSE:MTZ - Get Free Report) last announced its 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 analysts' expectations of $2.71 billion. MasTec had a net margin of 1.72% and a return on equity of 11.65%. The company's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.13) EPS. On average, equities analysts expect that MasTec will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling at MasTec

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MTZ. EverSource Wealth Advisors LLC boosted its position 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 acquiring an additional 116 shares during the last quarter. Colonial Trust Co SC boosted its position 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 acquiring an additional 141 shares during the last quarter. Rothschild Investment LLC lifted its position in MasTec by 2,023.1% in the first quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock worth $32,000 after buying an additional 263 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in MasTec in the first quarter worth $35,000. Finally, Smartleaf Asset Management LLC lifted its position in MasTec by 93.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock worth $36,000 after buying an additional 128 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

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.

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