MasTec, Inc. (NYSE:MTZ - Get Free Report) 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
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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.
Get Our Latest Stock Analysis on MasTec
MasTec Company Profile
(
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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.
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