MasTec, Inc. (NYSE:MTZ) Director C Robert Campbell Sells 3,000 Shares

MasTec, Inc. (NYSE:MTZ) Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total transaction of $348,780.00. Following the completion of the transaction, the director now directly owns 48,173 shares in the company, valued at approximately $5,600,592.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

MasTec Stock Up 1.3 %

MTZ opened at $126.14 on Friday. The company’s 50-day moving average price is $108.63 and its two-hundred day moving average price is $102.49. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.86. MasTec, Inc. has a twelve month low of $44.65 and a twelve month high of $127.97. The stock has a market cap of $10.02 billion, a price-to-earnings ratio of -901.00 and a beta of 1.70.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.09 billion. MasTec had a return on equity of 6.42% and a net margin of 0.06%. MasTec’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 earnings per share. As a group, equities analysts expect that MasTec, Inc. will post 2.71 earnings per share for the current year.

Wall Street Analyst Weigh In

MTZ has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on MasTec from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. DA Davidson raised their price objective on MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Truist Financial reiterated a “hold” rating and issued a $112.00 target price (up previously from $109.00) on shares of MasTec in a research note on Monday, August 5th. Citigroup increased their target price on shares of MasTec from $118.00 to $122.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, The Goldman Sachs Group boosted their price target on shares of MasTec from $88.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.50.

Institutional Investors Weigh In On MasTec

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of MasTec by 32.6% in the second quarter. Blue Trust Inc. now owns 561 shares of the construction company’s stock worth $60,000 after buying an additional 138 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of MasTec by 64.9% in the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock valued at $39,000 after acquiring an additional 144 shares in the last quarter. DMC Group LLC boosted its position in shares of MasTec by 5.5% during the 1st quarter. DMC Group LLC now owns 2,841 shares of the construction company’s stock valued at $265,000 after acquiring an additional 147 shares during the last quarter. MONECO Advisors LLC grew its holdings in shares of MasTec by 4.8% during the fourth quarter. MONECO Advisors LLC now owns 3,293 shares of the construction company’s stock worth $249,000 after purchasing an additional 150 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of MasTec by 0.8% in the first quarter. New York State Teachers Retirement System now owns 26,557 shares of the construction company’s stock worth $2,476,000 after purchasing an additional 200 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

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.