Wall Street Zen Downgrades MasTec (NYSE:MTZ) to Buy

MasTec (NYSE:MTZ) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

A number of other research analysts also recently commented on the stock. Truist Financial boosted their price objective on shares of MasTec from $209.00 to $248.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. DA Davidson set a $210.00 price objective on shares of MasTec and gave the company a “buy” rating in a research report on Monday, August 4th. Citigroup boosted their price objective on shares of MasTec from $219.00 to $248.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Stifel Nicolaus boosted their price objective on shares of MasTec from $198.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, Robert W. Baird raised shares of MasTec from a “neutral” rating to an “outperform” rating and set a $210.00 price objective on the stock in a research report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $220.37.

MasTec Stock Up 1.7%

MTZ stock opened at $205.31 on Friday. MasTec has a 52-week low of $99.70 and a 52-week high of $221.83. The company’s 50 day simple moving average is $193.72 and its 200-day simple moving average is $168.76. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19. The firm has a market capitalization of $16.20 billion, a P/E ratio of 60.74 and a beta of 1.82.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.08. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. The firm’s revenue was up 19.7% compared to the same quarter last year. 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 research analysts anticipate that MasTec will post 3.44 EPS for the current year.

Insider Buying and Selling

In related news, EVP Cardenas Alberto De sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the completion of the sale, the executive vice president directly owned 101,349 shares of the company’s stock, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $200.44, for a total transaction of $2,004,400.00. Following the sale, the chief operating officer directly owned 184,249 shares of the company’s stock, valued at approximately $36,930,869.56. This represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,000 shares of company stock valued at $4,803,250. Company insiders own 21.30% of the company’s stock.

Hedge Funds Weigh In On MasTec

Several large investors have recently bought and sold shares of MTZ. Goldman Sachs Group Inc. raised its stake in MasTec by 163.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company’s stock valued at $121,843,000 after purchasing an additional 648,184 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in MasTec by 370.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 506,857 shares of the construction company’s stock valued at $86,384,000 after purchasing an additional 399,007 shares during the last quarter. Ameriprise Financial Inc. raised its stake in MasTec by 171.2% during the 1st quarter. Ameriprise Financial Inc. now owns 390,764 shares of the construction company’s stock valued at $45,607,000 after purchasing an additional 246,666 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in MasTec during the 3rd quarter valued at $50,904,000. Finally, Vanguard Group Inc. raised its stake in MasTec by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,972,293 shares of the construction company’s stock valued at $1,017,858,000 after purchasing an additional 234,594 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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.