Insider Selling: MasTec, Inc. (NYSE:MTZ) Director Sells 3,000 Shares of Stock

MasTec, Inc. (NYSE:MTZ) Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the transaction, the director now directly owns 42,478 shares of the company’s stock, valued at approximately $6,159,310. The trade was a 6.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 value of $348,780.00.

MasTec Trading Down 0.3 %

Shares of MTZ stock traded down $0.49 on Friday, reaching $144.06. 557,516 shares of the company’s stock were exchanged, compared to its average volume of 857,561. The company’s fifty day simple moving average is $131.17 and its 200 day simple moving average is $116.08. MasTec, Inc. has a 52 week low of $57.38 and a 52 week high of $150.12. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $11.42 billion, a PE ratio of 129.06 and a beta of 1.70.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MTZ. Robert W. Baird boosted their price target on shares of MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. TD Cowen boosted their target price on shares of MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Craig Hallum increased their price target on shares of MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, November 4th. Citigroup boosted their price objective on MasTec from $122.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. initiated coverage on MasTec in a research report on Monday, October 7th. They set an “overweight” rating and a $153.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, MasTec presently has an average rating of “Moderate Buy” and an average price target of $148.62.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in MasTec during the 3rd quarter valued at about $25,000. Hobbs Group Advisors LLC purchased a new position in shares of MasTec during the second quarter worth approximately $27,000. DekaBank Deutsche Girozentrale bought a new stake in shares of MasTec during the second quarter valued at approximately $40,000. GAMMA Investing LLC boosted its holdings in shares of MasTec by 64.9% in the second quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock valued at $39,000 after purchasing an additional 144 shares during the period. Finally, UMB Bank n.a. grew its stake in MasTec by 46.3% in the third quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock worth $47,000 after purchasing an additional 120 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

About MasTec

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.