MasTec, Inc. (NYSE:MTZ)’s share price traded up 5.5% during trading on Tuesday . The company traded as high as $43.80 and last traded at $43.15. 1,248,578 shares changed hands during mid-day trading, an increase of 60% from the average session volume of 779,486 shares. The stock had previously closed at $40.90.

MTZ has been the topic of a number of recent analyst reports. Canaccord Genuity reissued a “buy” rating and set a $52.00 target price on shares of MasTec in a report on Monday, May 15th. Vetr raised MasTec from a “buy” rating to a “strong-buy” rating and set a $45.42 target price on the stock in a report on Thursday, May 25th. Deutsche Bank AG raised MasTec from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday. Zacks Investment Research raised MasTec from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, August 8th. Finally, ValuEngine cut MasTec from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. MasTec presently has a consensus rating of “Buy” and an average target price of $52.46.

The stock has a 50 day moving average price of $42.05 and a 200 day moving average price of $42.46. The firm has a market capitalization of $3.49 billion, a PE ratio of 15.22 and a beta of 1.44.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, August 3rd. The construction company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.34. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.50 billion. MasTec had a net margin of 3.89% and a return on equity of 21.80%. MasTec’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period last year, the firm posted $0.36 earnings per share. On average, equities analysts anticipate that MasTec, Inc. will post $2.74 EPS for the current fiscal year.

In other MasTec news, Director C Robert Campbell sold 12,000 shares of MasTec stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $45.00, for a total transaction of $540,000.00. Following the transaction, the director now directly owns 67,082 shares of the company’s stock, valued at $3,018,690. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 20.30% of the company’s stock.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in MasTec by 15,957.0% in the first quarter. BlackRock Inc. now owns 5,192,338 shares of the construction company’s stock valued at $207,953,000 after acquiring an additional 5,160,001 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in MasTec by 39.4% in the first quarter. Goldman Sachs Group Inc. now owns 144,000 shares of the construction company’s stock valued at $5,767,000 after acquiring an additional 40,682 shares in the last quarter. Legal & General Group Plc boosted its holdings in MasTec by 2.2% in the first quarter. Legal & General Group Plc now owns 77,102 shares of the construction company’s stock valued at $3,081,000 after acquiring an additional 1,644 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in MasTec by 0.3% in the first quarter. UBS Asset Management Americas Inc. now owns 44,275 shares of the construction company’s stock valued at $1,773,000 after acquiring an additional 146 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in MasTec by 12.1% in the first quarter. Vanguard Group Inc. now owns 6,884,461 shares of the construction company’s stock valued at $275,723,000 after acquiring an additional 743,879 shares in the last quarter. Hedge funds and other institutional investors own 70.62% of the company’s stock.

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About MasTec

MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.

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