MasTec Inc. (NYSE:MTZ) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $30.40 and last traded at $30.09, with a volume of 432,309 shares. The stock had previously closed at $29.95.

Several research analysts recently issued reports on MTZ shares. Avondale Partners reissued an “outperform” rating on shares of MasTec in a report on Thursday, April 21st. Canaccord Genuity restated a “buy” rating on shares of MasTec in a research report on Sunday, May 8th. Maxim Group raised their price target on shares of MasTec from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, May 9th. FBR & Co raised their price target on shares of MasTec from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, May 9th. Finally, Zacks Investment Research lowered shares of MasTec from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. MasTec currently has a consensus rating of “Buy” and an average price target of C$27.25.

The firm has a 50-day moving average of $24.78 and a 200-day moving average of $21.08. The firm’s market cap is $2.39 billion.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.22 by $0.14. The business earned $1.23 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, analysts anticipate that MasTec Inc. will post $1.58 EPS for the current year.

In other MasTec news, COO Robert E. Apple sold 40,000 shares of the company’s stock in a transaction on Monday, June 20th. The shares were sold at an average price of C$23.57, for a total transaction of C$942,800.00. Following the completion of the transaction, the chief operating officer now owns 243,567 shares in the company, valued at approximately C$5,740,874.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Robert E. Apple sold 13,739 shares of the company’s stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of C$23.77, for a total transaction of C$326,576.03. Following the transaction, the chief operating officer now owns 207,306 shares of the company’s stock, valued at approximately C$4,927,663.62. The disclosure for this sale can be found here.

Other institutional investors have recently made changes to their positions in the company. Broadview Advisors LLC purchased a new position in shares of MasTec during the fourth quarter worth approximately $1,713,000. Rhumbline Advisers increased its position in shares of MasTec by 1.8% in the fourth quarter. Rhumbline Advisers now owns 100,517 shares of the company’s stock worth $1,747,000 after buying an additional 1,820 shares during the last quarter. Russell Frank Co purchased a new position in shares of MasTec during the fourth quarter worth approximately $2,732,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of MasTec during the fourth quarter worth approximately $2,999,000. Finally, California Public Employees Retirement System increased its position in shares of MasTec by 3.7% in the fourth quarter. California Public Employees Retirement System now owns 225,800 shares of the company’s stock worth $3,924,000 after buying an additional 8,100 shares during the last quarter.

MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline or fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation, and industrial infrastructure.

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