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

MasTec (NYSE:MTZ - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Monday.

MTZ has been the subject of several other reports. Stifel Nicolaus increased their price target on shares of MasTec from $171.00 to $181.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Piper Sandler increased their price target on shares of MasTec from $134.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. B. Riley reiterated a "buy" rating and issued a $165.00 price target (up from $151.00) on shares of MasTec in a research note on Wednesday, March 19th. Citigroup increased their price target on shares of MasTec from $152.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Truist Financial increased their price target on shares of MasTec from $154.00 to $184.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, MasTec has a consensus rating of "Buy" and a consensus price target of $166.75.

MasTec Trading Up 2.7%

NYSE:MTZ opened at $163.82 on Monday. The company has a fifty day moving average of $136.54 and a 200 day moving average of $136.41. MasTec has a 52 week low of $89.96 and a 52 week high of $166.95. 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 firm has a market capitalization of $12.93 billion, a P/E ratio of 146.27 and a beta of 1.75.

MasTec (NYSE:MTZ - Get Free Report) last posted 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. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the business posted ($0.13) EPS. The firm's revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that MasTec will post 3.44 earnings per share for the current year.

Insider Buying and Selling at MasTec

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

Institutional Investors Weigh In On MasTec

A number of large investors have recently added to or reduced their stakes in the stock. Hodges Capital Management Inc. grew its position in MasTec by 10.3% in the 1st quarter. Hodges Capital Management Inc. now owns 27,753 shares of the construction company's stock worth $3,239,000 after purchasing an additional 2,594 shares during the period. Strs Ohio purchased a new position in shares of MasTec during the 1st quarter worth $1,082,000. Geneos Wealth Management Inc. boosted its stake in shares of MasTec by 15.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 764 shares of the construction company's stock worth $89,000 after acquiring an additional 104 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in shares of MasTec by 42.7% during the 1st quarter. Belpointe Asset Management LLC now owns 3,252 shares of the construction company's stock worth $380,000 after acquiring an additional 973 shares during the last quarter. Finally, Bayforest Capital Ltd boosted its stake in shares of MasTec by 294.3% during the 1st quarter. Bayforest Capital Ltd now owns 6,419 shares of the construction company's stock worth $749,000 after acquiring an additional 4,791 shares during the last quarter. Institutional investors 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.

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