MasTec (NYSE:MTZ) Director Sells $420,780.00 in Stock

MasTec, Inc. (NYSE:MTZ) Director C Robert Campbell sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $210.39, for a total transaction of $420,780.00. Following the completion of the transaction, the director directly owned 33,277 shares of the company’s stock, valued at $7,001,148.03. This represents a 5.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

C Robert Campbell also recently made the following trade(s):

• On Thursday, September 11th, C Robert Campbell sold 3,000 shares of MasTec stock. The shares were sold at an average price of $190.39, for a total transaction of $571,170.00.

MasTec Price Performance

MTZ opened at $215.94 on Friday. The firm has a market capitalization of $17.04 billion, a P/E ratio of 63.89 and a beta of 1.82. The stock has a fifty day moving average of $188.35 and a 200-day moving average of $161.54. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $219.09.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.08. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.MasTec’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Equities analysts forecast that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MTZ has been the topic of several research reports. Barclays reiterated an “overweight” rating and issued a $200.00 price objective (up previously from $145.00) on shares of MasTec in a research note on Monday, July 21st. Robert W. Baird upgraded shares of MasTec from a “neutral” rating to an “outperform” rating and set a $210.00 price target on the stock in a report on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of MasTec in a report on Saturday, September 27th. The Goldman Sachs Group boosted their target price on MasTec from $195.00 to $227.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Stifel Nicolaus upped their target price on MasTec from $181.00 to $198.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, MasTec currently has an average rating of “Buy” and an average target price of $210.37.

Hedge Funds Weigh In On MasTec

Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in shares of MasTec by 163.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company’s stock worth $121,843,000 after purchasing an additional 648,184 shares during the last quarter. Qube Research & Technologies Ltd increased its position in MasTec by 370.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 506,857 shares of the construction company’s stock worth $86,384,000 after buying an additional 399,007 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of MasTec by 171.2% during the first quarter. Ameriprise Financial Inc. now owns 390,764 shares of the construction company’s stock worth $45,607,000 after buying an additional 246,666 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of MasTec by 4.1% in the second quarter. Vanguard Group Inc. now owns 5,972,293 shares of the construction company’s stock valued at $1,017,858,000 after acquiring an additional 234,594 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of MasTec by 23.6% in the first quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company’s stock valued at $106,234,000 after acquiring an additional 184,277 shares during the period. 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.