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 that occurred on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the sale, the director now directly owns 42,478 shares of the company’s stock, valued at $6,159,310. This trade represents a 6.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 shares were sold at an average price of $116.26, for a total value of $348,780.00.

MasTec Price Performance

Shares of MTZ traded down $0.49 during mid-day trading on Friday, reaching $144.06. The stock had a trading volume of 557,516 shares, compared to its average volume of 857,561. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 129.06 and a beta of 1.70. 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 business has a fifty day moving average of $131.17 and a 200 day moving average of $116.08. MasTec, Inc. has a 12 month low of $57.38 and a 12 month high of $150.12.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MTZ. B. Riley reiterated a “buy” rating and issued a $166.00 price target (up from $151.00) on shares of MasTec in a research note on Tuesday, November 5th. The Goldman Sachs Group increased their price target on MasTec from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. DA Davidson upped their price objective on MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Citigroup raised their target price on MasTec from $122.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird upped their price target on shares of MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. 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, MasTec presently has a consensus rating of “Moderate Buy” and an average target price of $148.62.

Hedge Funds Weigh In On MasTec

Several large investors have recently made changes to their positions in MTZ. Wilmington Savings Fund Society FSB bought a new stake in MasTec during the 3rd quarter valued at approximately $25,000. Hobbs Group Advisors LLC purchased a new stake in MasTec during the 2nd quarter valued at approximately $27,000. GAMMA Investing LLC raised its position in shares of MasTec by 64.9% during the second quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock valued at $39,000 after buying an additional 144 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of MasTec in the second quarter worth $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.

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.