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

MasTec, Inc. (NYSE:MTZ) Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $116.26, for a total value of $348,780.00. Following the completion of the sale, the director now directly owns 48,173 shares of the company’s stock, valued at approximately $5,600,592.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

MasTec Price Performance

Shares of MasTec stock opened at $126.14 on Monday. The business has a 50 day moving average of $108.63 and a 200 day moving average of $102.58. MasTec, Inc. has a 52 week low of $44.65 and a 52 week high of $127.97. The company has a market cap of $10.02 billion, a PE ratio of -901.00 and a beta of 1.70. 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 (NYSE:MTZ) last issued its quarterly earnings data on Thursday, August 1st. The construction company reported $0.96 EPS for the quarter, topping 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 net margin of 0.06% and a return on equity of 6.42%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 EPS. As a group, equities research analysts forecast that MasTec, Inc. will post 2.71 earnings per share for the current year.

Institutional Trading of MasTec

Several large investors have recently bought and sold shares of the company. Private Advisor Group LLC purchased a new position in shares of MasTec in the 4th quarter valued at approximately $206,000. Vanguard Personalized Indexing Management LLC purchased a new position in MasTec during the fourth quarter valued at $430,000. Quadrant Capital Group LLC boosted its holdings in shares of MasTec by 30.9% during the 4th quarter. Quadrant Capital Group LLC now owns 897 shares of the construction company’s stock valued at $68,000 after buying an additional 212 shares in the last quarter. Norges Bank purchased a new stake in shares of MasTec in the 4th quarter worth about $46,970,000. Finally, Wells Fargo & Company MN increased its stake in shares of MasTec by 7.7% in the 4th quarter. Wells Fargo & Company MN now owns 99,110 shares of the construction company’s stock worth $7,505,000 after acquiring an additional 7,050 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MTZ has been the subject of a number of research reports. B. Riley upped their price objective on shares of MasTec from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Truist Financial reaffirmed a “hold” rating and set a $112.00 price objective (up from $109.00) on shares of MasTec in a research note on Monday, August 5th. Citigroup boosted their target price on MasTec from $118.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. DA Davidson raised their price target on MasTec from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, Stifel Nicolaus boosted their price objective on MasTec from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, MasTec has a consensus rating of “Moderate Buy” and an average price target of $117.50.

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.