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 firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the sale, the director now directly owns 42,478 shares in the company, valued at $6,159,310. This trade represents a 6.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $348,780.00.

MasTec Stock Down 0.3 %

MasTec stock opened at $144.06 on Friday. The firm has a 50 day moving average price of $131.53 and a two-hundred day moving average price of $116.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. MasTec, Inc. has a 52-week low of $57.38 and a 52-week high of $150.12. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 128.63 and a beta of 1.70.

Hedge Funds Weigh In On MasTec

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of MasTec by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,518 shares of the construction company’s stock valued at $4,059,000 after purchasing an additional 1,905 shares during the period. Tidal Investments LLC boosted its holdings in shares of MasTec by 132.4% during the 1st quarter. Tidal Investments LLC now owns 7,862 shares of the construction company’s stock worth $733,000 after buying an additional 4,479 shares in the last quarter. Comerica Bank grew its position in shares of MasTec by 1.9% during the 1st quarter. Comerica Bank now owns 26,824 shares of the construction company’s stock worth $2,501,000 after buying an additional 498 shares during the period. Swedbank AB bought a new stake in shares of MasTec in the 1st quarter valued at $5,287,000. Finally, Cetera Advisors LLC acquired a new position in shares of MasTec during the 1st quarter valued at $268,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MTZ shares. B. Riley reiterated a “buy” rating and set a $166.00 price objective (up from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. Truist Financial upgraded shares of MasTec from a “hold” rating to a “buy” rating and upped their price target for the stock from $133.00 to $173.00 in a report on Tuesday, November 5th. Citigroup raised 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 upped their target price on MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, KeyCorp lifted their price target on MasTec from $123.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $148.62.

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.