MasTec, Inc. (NYSE:MTZ) Director Ernst N. Csiszar Sells 3,000 Shares

MasTec, Inc. (NYSE:MTZ) Director Ernst N. Csiszar sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $64.53, for a total transaction of $193,590.00. Following the transaction, the director now owns 25,564 shares in the company, valued at $1,649,644.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MTZ traded down $0.37 during midday trading on Thursday, reaching $63.63. The company had a trading volume of 863,141 shares, compared to its average volume of 826,603. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.44 and a current ratio of 1.53. The stock has a market cap of $4.86 billion, a PE ratio of 17.48 and a beta of 1.33. MasTec, Inc. has a 12-month low of $37.24 and a 12-month high of $65.57. The business has a 50-day moving average price of $59.64 and a two-hundred day moving average price of $51.63.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, August 1st. The construction company reported $1.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.51. MasTec had a net margin of 4.29% and a return on equity of 23.43%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the company earned $1.04 earnings per share. The company’s quarterly revenue was up 19.9% on a year-over-year basis. On average, research analysts anticipate that MasTec, Inc. will post 4.9 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of MTZ. Dimensional Fund Advisors LP raised its position in shares of MasTec by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,802,725 shares of the construction company’s stock valued at $113,678,000 after purchasing an additional 48,968 shares during the period. Geode Capital Management LLC raised its position in shares of MasTec by 9.0% in the fourth quarter. Geode Capital Management LLC now owns 677,502 shares of the construction company’s stock valued at $27,479,000 after purchasing an additional 55,834 shares during the period. Cpwm LLC bought a new stake in shares of MasTec in the first quarter valued at approximately $210,000. New York State Teachers Retirement System bought a new stake in shares of MasTec in the first quarter valued at approximately $423,000. Finally, 361 Capital LLC bought a new stake in shares of MasTec in the first quarter valued at approximately $2,813,000. 82.46% of the stock is currently owned by institutional investors.

MTZ has been the topic of a number of research analyst reports. B. Riley boosted their target price on shares of MasTec from $62.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, August 5th. ValuEngine upgraded shares of MasTec from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Barclays boosted their target price on shares of MasTec from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. DA Davidson boosted their target price on shares of MasTec to $70.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Canaccord Genuity boosted their target price on shares of MasTec from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $66.08.

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, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

Further Reading: Quiet Period Expirations

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