MasTec (NYSE:MTZ) Stock Rating Lowered by Wall Street Zen

Wall Street Zen cut shares of MasTec (NYSE:MTZ - Free Report) from a strong-buy rating to a buy rating in a research note published on Sunday.

A number of other equities research analysts have also recently issued reports on the stock. KeyCorp increased their target price on shares of MasTec from $140.00 to $163.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Wolfe Research started coverage on shares of MasTec in a research note on Monday, March 31st. They set a "peer perform" rating on the stock. B. Riley reissued a "buy" rating and set a $165.00 price objective (up previously from $151.00) on shares of MasTec in a research note on Wednesday, March 19th. Jefferies Financial Group started coverage on shares of MasTec in a research note on Friday, May 16th. They issued a "buy" rating and a $188.00 price target on the stock. Finally, Guggenheim reiterated a "buy" rating and issued a $195.00 price objective on shares of MasTec in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.69.

MasTec Stock Performance

Shares of NYSE MTZ traded up $0.57 during trading hours on Friday, hitting $156.50. 830,294 shares of the stock were exchanged, compared to its average volume of 1,118,140. The firm has a market capitalization of $12.35 billion, a P/E ratio of 139.73 and a beta of 1.71. MasTec has a one year low of $89.96 and a one year high of $166.95. The company's 50 day moving average is $132.43 and its 200 day moving average is $135.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20.

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

Insiders Place Their Bets

In other news, Director C Robert Campbell sold 3,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $153.89, for a total value of $461,670.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ernst N. Csiszar sold 2,517 shares of the company's 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 sale, the director now directly owns 23,000 shares of the company's stock, valued at $3,027,490. This represents a 9.86% decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its stake in shares of MasTec by 163.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company's stock valued at $121,843,000 after buying an additional 648,184 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of MasTec in the 4th quarter valued at about $59,910,000. First Trust Advisors LP grew its stake in shares of MasTec by 173.8% in the 4th quarter. First Trust Advisors LP now owns 587,788 shares of the construction company's stock valued at $80,021,000 after buying an additional 373,145 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of MasTec by 137.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 627,670 shares of the construction company's stock valued at $85,451,000 after buying an additional 363,502 shares during the period. Finally, Merewether Investment Management LP acquired a new position in MasTec during the 4th quarter valued at about $46,612,000. Institutional investors and hedge funds own 78.10% of the company's stock.

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.