MasTec, Inc. (NYSE:MTZ) Director Ernst N. Csiszar Sells 2,517 Shares

MasTec, Inc. (NYSE:MTZ) Director Ernst N. Csiszar sold 2,517 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $131.63, for a total transaction of $331,312.71. Following the transaction, the director now directly owns 23,000 shares in the company, valued at approximately $3,027,490. This trade represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

MasTec Price Performance

MTZ stock opened at $122.75 on Thursday. The company has a market cap of $9.73 billion, a PE ratio of 109.60 and a beta of 1.74. 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 stock has a 50-day moving average price of $134.26 and a two-hundred day moving average price of $133.24. MasTec, Inc. has a 12-month low of $82.29 and a 12-month high of $166.95.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.28 by $0.08. The business had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.32 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. As a group, research analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

Analysts Set New Price Targets

MTZ has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $195.00 target price on shares of MasTec in a report on Tuesday. Barclays lifted their price objective on MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Citigroup raised their price target on MasTec from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Stifel Nicolaus lowered their price objective on shares of MasTec from $185.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

Institutional Trading of MasTec

Several hedge funds and other institutional investors have recently bought and sold shares of MTZ. Allworth Financial LP lifted its position in shares of MasTec by 15.1% in the 4th quarter. Allworth Financial LP now owns 596 shares of the construction company’s stock worth $81,000 after buying an additional 78 shares during the last quarter. Arizona State Retirement System boosted its position in shares of MasTec by 0.5% during the fourth quarter. Arizona State Retirement System now owns 18,393 shares of the construction company’s stock worth $2,504,000 after buying an additional 89 shares during the period. Coldstream Capital Management Inc. increased its position in MasTec by 2.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,425 shares of the construction company’s stock valued at $423,000 after acquiring an additional 94 shares during the period. Victory Capital Management Inc. raised its stake in MasTec by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company’s stock valued at $1,583,000 after acquiring an additional 101 shares in the last quarter. Finally, Fielder Capital Group LLC raised its stake in shares of MasTec by 6.1% during the fourth quarter. Fielder Capital Group LLC now owns 1,816 shares of the construction company’s stock valued at $247,000 after purchasing an additional 105 shares in the last quarter. 78.10% of the stock is 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.