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

Wall Street Zen upgraded shares of MasTec (NYSE:MTZ - Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Monday.

MTZ has been the topic of a number of other research reports. Barclays upped their target price on shares of MasTec from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. KeyCorp boosted their price target 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. Robert W. Baird dropped their price objective on shares of MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd. Jefferies Financial Group assumed coverage on shares of MasTec in a research report on Friday, May 16th. They issued a "buy" rating and a $188.00 price target for the company. Finally, The Goldman Sachs Group upgraded MasTec from a "neutral" rating to a "buy" rating and lifted their price target for the company from $156.00 to $195.00 in a research note on Friday, June 6th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $166.75.

MasTec Trading Up 0.2%

Shares of NYSE MTZ traded up $0.36 during trading on Monday, hitting $163.26. 652,815 shares of the company traded hands, compared to its average volume of 941,169. MasTec has a 1 year low of $89.96 and a 1 year high of $166.95. The firm has a market capitalization of $12.88 billion, a P/E ratio of 145.77 and a beta of 1.75. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $139.40 and a 200-day moving average price of $136.89.

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

Insider Transactions at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the firm's 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 owns 39,782 shares in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ernst N. Csiszar sold 2,517 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $131.63, for a total value of $331,312.71. Following the transaction, the director now directly owns 23,000 shares of the company's stock, valued at approximately $3,027,490. This represents a 9.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.30% of the company's stock.

Institutional Investors Weigh In On MasTec

A number of hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in 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 buying an additional 116 shares during the last quarter. Colonial Trust Co SC grew its position in MasTec by 335.7% in the fourth 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 in the last quarter. Rothschild Investment LLC increased its stake in MasTec by 2,023.1% during the 1st 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 period. Smallwood Wealth Investment Management LLC purchased a new position in MasTec in the first quarter valued at about $35,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of MasTec by 93.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock valued at $36,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Company Profile

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.