MasTec (NYSE:MTZ) Given New $185.00 Price Target at Stifel Nicolaus

MasTec (NYSE:MTZ) had its price target boosted by Stifel Nicolaus from $155.00 to $185.00 in a research report released on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

Several other equities analysts have also weighed in on MTZ. JPMorgan Chase & Co. began coverage on shares of MasTec in a research report on Monday, October 7th. They issued an “overweight” rating and a $153.00 price objective on the stock. The Goldman Sachs Group raised their price objective on shares of MasTec from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Citigroup upped their target price on MasTec from $122.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. KeyCorp lifted their price target on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, Robert W. Baird boosted their price target on MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $157.21.

MasTec Stock Down 1.1 %

MTZ stock opened at $159.09 on Wednesday. MasTec has a 1-year low of $60.96 and a 1-year high of $166.95. The business’s 50 day simple moving average is $142.40 and its 200 day simple moving average is $125.48. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $12.61 billion, a PE ratio of 142.05 and a beta of 1.74.

Insider Buying and Selling at MasTec

In other news, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief operating officer now owns 187,202 shares of the company’s stock, valued at approximately $28,080,300. The trade was a 5.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the sale, the director now owns 42,478 shares of the company’s stock, valued at approximately $6,159,310. This represents a 6.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,023 shares of company stock worth $4,515,089 over the last three months. Corporate insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On MasTec

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in MasTec in the third quarter valued at approximately $25,000. UMB Bank n.a. lifted its stake in shares of MasTec by 46.3% in the 3rd quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock valued at $47,000 after acquiring an additional 120 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of MasTec during the 3rd quarter valued at $57,000. GAMMA Investing LLC grew its position in MasTec by 39.9% during the 3rd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock worth $63,000 after acquiring an additional 146 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in MasTec in the 3rd quarter worth about $84,000. 78.10% of the stock is 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.