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 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 transaction of $348,780.00.

MasTec Stock Down 0.3 %

MTZ stock opened at $144.06 on Friday. The stock has a 50-day simple moving average of $131.53 and a two-hundred day simple moving average of $116.34. MasTec, Inc. has a twelve month low of $57.38 and a twelve month high of $150.12. The firm has a market capitalization of $11.41 billion, a PE ratio of 128.63 and a beta of 1.70. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. 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. TD Cowen lifted their price target on shares of MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 4th. 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. B. Riley restated a “buy” rating and issued a $166.00 target price (up from $151.00) on shares of MasTec in a research note on Tuesday, November 5th. Finally, UBS Group increased their price target on MasTec from $129.00 to $147.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.62.

Hedge Funds Weigh In On MasTec

Several hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in MasTec in the 3rd quarter worth approximately $25,000. Hobbs Group Advisors LLC bought a new position in shares of MasTec in the second quarter worth $27,000. GAMMA Investing LLC raised 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 worth $39,000 after buying an additional 144 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in MasTec during the second quarter valued at $40,000. Finally, UMB Bank n.a. grew its position in 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 buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

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.