MasTec, Inc. (NYSE:MTZ – Get Free Report) COO Robert E. Apple sold 20,000 shares of MasTec stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $126.27, for a total value of $2,525,400.00. Following the completion of the sale, the chief operating officer now owns 217,202 shares of the company’s stock, valued at $27,426,096.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
MasTec Trading Down 0.3 %
MasTec stock opened at $123.63 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.23 and a current ratio of 1.27. The stock has a market cap of $9.79 billion, a PE ratio of -883.07 and a beta of 1.70. The stock has a 50-day moving average of $109.81 and a two-hundred day moving average of $103.19. MasTec, Inc. has a one year low of $44.65 and a one year high of $127.97.
MasTec (NYSE:MTZ – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.87 by $0.09. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.09 billion. MasTec had a net margin of 0.06% and a return on equity of 6.42%. MasTec’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. On average, research analysts anticipate that MasTec, Inc. will post 2.71 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on MasTec
Institutional Investors Weigh In On MasTec
Institutional investors and hedge funds have recently made changes to their positions in the stock. Hobbs Group Advisors LLC acquired a new position in shares of MasTec in the 2nd quarter valued at $27,000. DekaBank Deutsche Girozentrale purchased a new stake in MasTec during the 2nd quarter valued at about $40,000. GAMMA Investing LLC increased its holdings in shares of MasTec by 64.9% in the second quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock valued at $39,000 after purchasing an additional 144 shares during the period. Quarry LP purchased a new position in shares of MasTec in the fourth quarter worth about $37,000. Finally, Blue Trust Inc. lifted its holdings in shares of MasTec by 32.6% during the second quarter. Blue Trust Inc. now owns 561 shares of the construction company’s stock worth $60,000 after purchasing an additional 138 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.
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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