MasTec, Inc. (NYSE:MTZ) Director Sells $435,000.00 in Stock

MasTec, Inc. (NYSE:MTZ) Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the transaction, the director now directly owns 42,478 shares in the company, valued at approximately $6,159,310. This represents a 6.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

C Robert Campbell also recently made the following trade(s):

• On Wednesday, September 18th, C Robert Campbell sold 3,000 shares of MasTec stock. The stock was sold at an average price of $116.26, for a total value of $348,780.00.

MasTec Stock Down 0.3 %

Shares of MasTec stock opened at $144.06 on Monday. MasTec, Inc. has a 1 year low of $57.38 and a 1 year high of $150.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The company has a 50-day moving average of $131.53 and a 200 day moving average of $116.47. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 128.63 and a beta of 1.70.

Wall Street Analysts Forecast Growth

Several analysts have commented on MTZ shares. DA Davidson lifted their price objective on shares of MasTec from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. assumed coverage on shares of MasTec in a report on Monday, October 7th. They issued an “overweight” rating and a $153.00 price target on the stock. Citigroup increased their price objective on MasTec from $122.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Robert W. Baird raised their target price on MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Truist Financial raised MasTec from a “hold” rating to a “buy” rating and upped their price target for the company from $133.00 to $173.00 in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $148.62.

Institutional Trading of MasTec

Institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in MasTec during the 3rd quarter valued at $25,000. Hobbs Group Advisors LLC bought a new stake in shares of MasTec during the 2nd quarter valued at $27,000. GAMMA Investing LLC lifted its position in shares of MasTec by 64.9% in the second 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. DekaBank Deutsche Girozentrale purchased a new position in MasTec in the 2nd quarter worth approximately $40,000. Finally, UMB Bank n.a. boosted its position in shares of MasTec by 46.3% during the third quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock worth $47,000 after acquiring an additional 120 shares during the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

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.