MasTec, Inc. (NYSE:MTZ) COO Sells $1,500,000.00 in Stock

MasTec, Inc. (NYSE:MTZ) COO Robert E. Apple sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the transaction, the chief operating officer now directly owns 187,202 shares of the company’s stock, valued at approximately $28,080,300. This represents a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

MasTec Trading Down 0.3 %

Shares of MTZ stock opened at $144.06 on Monday. The stock has a fifty day moving average of $131.53 and a two-hundred day moving average of $116.47. The firm has a market capitalization of $11.42 billion, a PE ratio of 128.63 and a beta of 1.70. MasTec, Inc. has a 1 year low of $57.38 and a 1 year high of $150.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial upgraded MasTec from a “hold” rating to a “buy” rating and lifted their price target for the stock from $133.00 to $173.00 in a research note on Tuesday, November 5th. Stifel Nicolaus raised their price target on shares of MasTec from $121.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. UBS Group boosted their price objective on shares of MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird raised their target price on shares of MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, DA Davidson lifted their target price on MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $148.62.

Institutional Investors Weigh In On MasTec

Institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of MasTec in the 3rd quarter valued at $25,000. Hobbs Group Advisors LLC purchased a new stake in MasTec during the second quarter valued at about $27,000. 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 worth $39,000 after buying an additional 144 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of MasTec in the second quarter worth approximately $40,000. Finally, UMB Bank n.a. lifted its position in shares of MasTec by 46.3% in the 3rd quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock valued at $47,000 after acquiring an additional 120 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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.