On November 11, 2024, C Campbell, Director at MasTec Inc (MTZ, Financial), executed a sale of 3,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 45,173 shares of MasTec Inc.
MasTec Inc 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. MasTec Inc also performs infrastructure construction for the government and businesses in various industries.
Over the past year, C Campbell has sold a total of 11,000 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 10 insider sells and no insider buys over the past year.
Shares of MasTec Inc were trading at $145.42 on the day of the transaction. The company has a market cap of approximately $11.04 billion. The price-earnings ratio of the company stands at 124.39, significantly above both the industry median of 15.92 and the company's historical median.
The stock's valuation according to the GF Value is $111.57, indicating that at a price of $145.42, MasTec Inc is modestly overvalued with a price-to-GF-Value ratio of 1.3.
The GF Value is calculated considering historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sell event provides investors with a snapshot of recent insider activity at MasTec Inc, which could be a useful data point when evaluating the company's stock for investment purposes.
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.
