MasTec, Inc. (NYSE:MTZ) Director Robert J. Dwyer sold 10,000 shares of MasTec stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $51.66, for a total value of $516,600.00. Following the transaction, the director now owns 23,587 shares of the company’s stock, valued at $1,218,504.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of MasTec stock traded up $0.21 on Friday, reaching $51.27. The company’s stock had a trading volume of 922,268 shares, compared to its average volume of 895,351. The stock has a market capitalization of $3.94 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.48 and a beta of 1.43. MasTec, Inc. has a 52-week low of $37.24 and a 52-week high of $54.70. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.79 and a quick ratio of 1.70.
MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, February 28th. The construction company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.01. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. MasTec had a return on equity of 21.31% and a net margin of 3.93%. On average, equities research analysts anticipate that MasTec, Inc. will post 4.22 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of MasTec by 54.6% in the fourth quarter. BlackRock Inc. now owns 7,818,157 shares of the construction company’s stock valued at $317,103,000 after buying an additional 2,762,363 shares in the last quarter. Vanguard Group Inc. increased its position in shares of MasTec by 0.8% in the third quarter. Vanguard Group Inc. now owns 5,694,752 shares of the construction company’s stock valued at $254,271,000 after buying an additional 42,982 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of MasTec by 4.6% in the fourth quarter. Macquarie Group Ltd. now owns 3,787,941 shares of the construction company’s stock worth $153,639,000 after acquiring an additional 167,974 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 worth $113,678,000 after acquiring an additional 48,968 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of MasTec by 13.3% in the first quarter. Wells Fargo & Company MN now owns 1,599,832 shares of the construction company’s stock worth $76,951,000 after acquiring an additional 187,276 shares during the last quarter. Institutional investors and hedge funds own 86.98% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.baseballdailydigest.com/news/2019/05/10/mastec-inc-mtz-director-robert-j-dwyer-sells-10000-shares.html.
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: What is a stock split?
Receive News & Ratings for MasTec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec and related companies with MarketBeat.com's FREE daily email newsletter.