MasTec (NYSE:MTZ) CAO Timothy Michael Love Sells 1,929 Shares

MasTec, Inc. (NYSE:MTZ) CAO Timothy Michael Love sold 1,929 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $206.15, for a total value of $397,663.35. Following the completion of the transaction, the chief accounting officer directly owned 9,757 shares in the company, valued at approximately $2,011,405.55. This trade represents a 16.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

MasTec Stock Performance

NYSE:MTZ opened at $199.17 on Thursday. The company has a fifty day moving average of $200.59 and a 200-day moving average of $176.45. The firm has a market capitalization of $15.72 billion, a P/E ratio of 58.93 and a beta of 1.88. 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 twelve month low of $99.70 and a twelve month high of $224.03.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.17. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.90 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the firm earned $1.63 earnings per share. MasTec has set its FY 2025 guidance at 6.400-6.400 EPS. As a group, sell-side analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of MasTec from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, August 4th. The Goldman Sachs Group upped their price target on MasTec from $195.00 to $227.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Citigroup upped their price target on MasTec from $219.00 to $248.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Zacks Research downgraded MasTec from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, UBS Group upped their price target on MasTec from $206.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $229.44.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MTZ. Brighton Jones LLC purchased a new position in shares of MasTec during the 4th quarter valued at $227,000. Bank of New York Mellon Corp lifted its position in shares of MasTec by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company’s stock valued at $65,440,000 after buying an additional 4,024 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of MasTec by 32.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 45,736 shares of the construction company’s stock valued at $5,338,000 after buying an additional 11,143 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in MasTec during the 1st quarter worth about $334,000. Finally, Crossmark Global Holdings Inc. lifted its holdings in MasTec by 56.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 19,426 shares of the construction company’s stock worth $2,267,000 after purchasing an additional 7,029 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

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.