MasTec, Inc. (NYSE:MTZ – Get Free Report) Director C Robert Campbell sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $110.00, for a total transaction of $220,000.00. Following the completion of the transaction, the director now directly owns 50,725 shares of the company’s stock, valued at approximately $5,579,750. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
MasTec Trading Up 2.0 %
MTZ stock traded up $2.17 during mid-day trading on Friday, reaching $112.24. The company had a trading volume of 775,355 shares, compared to its average volume of 906,910. MasTec, Inc. has a 12 month low of $44.65 and a 12 month high of $123.33. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.31 and a quick ratio of 1.27. The firm has a 50 day moving average of $94.48 and a 200 day moving average of $77.67.
MasTec (NYSE:MTZ – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.33. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.62 billion. MasTec had a positive return on equity of 6.19% and a negative net margin of 0.09%. Research analysts anticipate that MasTec, Inc. will post 2.58 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several equities analysts have recently weighed in on MTZ shares. B. Riley raised their price objective on MasTec from $104.00 to $120.00 and gave the company a “buy” rating in a report on Monday, May 6th. Truist Financial restated a “hold” rating and set a $109.00 target price (up previously from $96.00) on shares of MasTec in a research report on Monday, May 6th. Craig Hallum upped their price target on shares of MasTec from $96.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, May 6th. The Goldman Sachs Group increased their price target on MasTec from $54.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Stifel Nicolaus lifted their target price on shares of MasTec from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.62.
Check Out Our Latest Stock Analysis on MasTec
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.
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