MasTec, Inc. (NYSE:MTZ – Get Free Report) COO Robert E. Apple sold 800 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $130.04, for a total value of $104,032.00. Following the completion of the sale, the chief operating officer now owns 216,402 shares of the company’s stock, valued at $28,140,916.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
MasTec Stock Performance
NYSE MTZ opened at $126.75 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.27 and a quick ratio of 1.23. The company has a market cap of $10.07 billion, a P/E ratio of -905.36 and a beta of 1.70. The stock has a 50-day moving average of $113.87 and a two-hundred day moving average of $106.01. MasTec, Inc. has a 1-year low of $44.65 and a 1-year high of $130.22.
MasTec (NYSE:MTZ – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.09 billion. MasTec had a net margin of 0.06% and a return on equity of 6.42%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share. As a group, analysts anticipate that MasTec, Inc. will post 2.71 EPS for the current year.
Institutional Trading of MasTec
Wall Street Analyst Weigh In
MTZ has been the subject of several recent analyst reports. DA Davidson boosted their price target on shares of MasTec from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, August 5th. B. Riley boosted their target price on shares of MasTec from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. The Goldman Sachs Group raised their price target on shares of MasTec from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday. Truist Financial boosted their price objective on MasTec from $112.00 to $133.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. started coverage on MasTec in a research report on Monday. They issued an “overweight” rating and a $153.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.62.
Check Out Our Latest Stock Report on MasTec
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.
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