Insider Selling: MasTec (NYSE:MTZ) Director Sells 2,000 Shares of Stock

Key Points

• C Robert Campbell, a director at MasTec, sold 2,000 shares of stock on September 29th for a total of $420,780, resulting in a 5.67% decrease in his ownership.
• MasTec reported quarterly earnings of $1.49 EPS, exceeding analysts’ expectations, with revenue of $3.55 billion, a 19.7% increase from the previous year.
• Wall Street analysts have a consensus rating of "Buy" for MasTec, with target price increases from several firms, including Roth Capital, which raised its target price to $250.00.

MasTec, Inc. (NYSE:MTZ - Get Free Report) Director C Robert Campbell sold 2,000 shares of the firm's stock in a transaction dated Monday, September 29th. The shares were 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 in the company, valued at $7,001,148.03. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

MasTec stock traded up $2.15 during midday trading on Wednesday, reaching $214.96. The company had a trading volume of 772,983 shares, compared to its average volume of 1,023,522. The company has a market capitalization of $16.96 billion, a P/E ratio of 63.60 and a beta of 1.81. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $216.97. The firm's fifty day simple moving average is $186.42 and its 200-day simple moving average is $159.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19.

MasTec (NYSE:MTZ - Get Free Report) 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 firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. MasTec's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company posted $0.96 EPS. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. As a group, equities analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MTZ shares. Roth Capital raised their target price on shares of MasTec from $210.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. The Goldman Sachs Group raised their target price on shares of MasTec from $195.00 to $227.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Barclays reissued an "overweight" rating and issued a $200.00 target price (up from $145.00) on shares of MasTec in a research note on Monday, July 21st. Stifel Nicolaus raised their target price on shares of MasTec from $181.00 to $198.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Finally, DA Davidson set a $210.00 target price on shares of MasTec and gave the stock a "buy" rating in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $208.84.

Institutional Trading of MasTec

A number of hedge funds and other institutional investors have recently made changes to their positions in MTZ. Brighton Jones LLC acquired a new stake in shares of MasTec during the 4th quarter worth approximately $227,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of MasTec by 45.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,360 shares of the construction company's stock worth $1,819,000 after buying an additional 4,203 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of MasTec by 95.9% during the 1st quarter. Versant Capital Management Inc now owns 1,348 shares of the construction company's stock worth $157,000 after buying an additional 660 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of MasTec by 16,664.5% during the 1st quarter. GAMMA Investing LLC now owns 106,790 shares of the construction company's stock worth $12,463,000 after buying an additional 106,153 shares during the last quarter. Finally, Rothschild Investment LLC increased its holdings in shares of MasTec by 2,023.1% during the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock worth $32,000 after buying an additional 263 shares during the last quarter. Institutional investors and hedge funds 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.

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