On September 18, 2024, Director C Campbell of MasTec Inc (MTZ, Financial) executed a sale of 3,000 shares of the company at a price of $116.26 per share. This transaction was reported in a recent SEC Filing. Following this sale, the insider now directly owns 48,173 shares of MasTec Inc.
MasTec Inc (MTZ, Financial) is a leading infrastructure construction company operating mainly in North America. The company engages in the engineering, building, installation, maintenance, and upgrade of communications, energy, and utility infrastructure.
Over the past year, the insider has sold a total of 8,000 shares of MasTec Inc and has not made any purchases. The company has seen a total of 7 insider sells and no insider buys during the same period, indicating a trend of insider sales.
As of the latest transaction, MasTec Inc (MTZ, Financial) has a market cap of approximately $9.99 billion. The stock's price-earnings ratio stands at 1,401.56, significantly above both the industry median and the company’s historical median. Additionally, with a current stock price of $116.26 and a GF Value of $112.87, MasTec Inc is considered modestly overvalued with a price-to-GF-Value ratio of 1.03.
The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future performance or stock valuation adjustments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
