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

MasTec, Inc. (NYSE:MTZ) Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $153.89, for a total value of $461,670.00. Following the completion of the sale, the director now owns 39,782 shares of the company’s stock, valued at $6,122,051.98. The trade was a 7.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

MasTec Stock Up 0.5%

NYSE MTZ opened at $157.52 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The firm has a 50-day simple moving average of $124.39 and a 200 day simple moving average of $133.95. MasTec, Inc. has a twelve month low of $89.96 and a twelve month high of $166.95. The stock has a market cap of $12.43 billion, a PE ratio of 140.64 and a beta of 1.71.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, May 1st. The construction company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.17. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the business posted ($0.13) earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MTZ. Piper Sandler increased their price objective on MasTec from $134.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Robert W. Baird cut their price target on MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. B. Riley restated a “buy” rating and set a $165.00 target price (up from $151.00) on shares of MasTec in a research report on Wednesday, March 19th. Guggenheim reaffirmed a “buy” rating and issued a $195.00 price target on shares of MasTec in a research note on Monday, May 5th. Finally, Wolfe Research assumed coverage on shares of MasTec in a research note on Monday, March 31st. They issued a “peer perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, MasTec currently has an average rating of “Moderate Buy” and an average price target of $160.33.

Institutional Investors Weigh In On MasTec

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in shares of MasTec by 642.7% during the 3rd quarter. Barclays PLC now owns 242,066 shares of the construction company’s stock worth $29,797,000 after purchasing an additional 209,472 shares during the last quarter. Ritholtz Wealth Management bought a new stake in MasTec in the 4th quarter valued at about $240,000. Bouvel Investment Partners LLC lifted its holdings in shares of MasTec by 1.2% during the 4th quarter. Bouvel Investment Partners LLC now owns 20,019 shares of the construction company’s stock worth $2,725,000 after acquiring an additional 234 shares during the period. Merit Financial Group LLC bought a new stake in shares of MasTec during the 4th quarter worth approximately $415,000. Finally, KRS Capital Management LLC bought a new position in MasTec in the 4th quarter valued at approximately $443,000. 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.