MasTec (NYSE:MTZ) Raised to Strong-Buy at Wall Street Zen

MasTec (NYSE:MTZ) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus raised their target price on shares of MasTec from $198.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group raised their target price on shares of MasTec from $218.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. DA Davidson set a $210.00 target price on shares of MasTec and gave the company a “buy” rating in a research note on Monday, August 4th. Wolfe Research raised shares of MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research note on Wednesday, September 17th. Finally, UBS Group raised their target price on shares of MasTec from $206.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $214.47.

MasTec Price Performance

Shares of MTZ opened at $195.37 on Friday. The stock has a market capitalization of $15.42 billion, a P/E ratio of 57.80 and a beta of 1.82. MasTec has a twelve month low of $99.70 and a twelve month high of $221.83. The company has a 50 day moving average of $190.87 and a 200-day moving average of $165.03. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.08. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the business earned $0.96 EPS. The business’s quarterly revenue was up 19.7% on a year-over-year basis. 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 forecast that MasTec will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling at MasTec

In other MasTec news, Director C Robert Campbell sold 2,000 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $210.39, for a total transaction of $420,780.00. Following the completion of the sale, the director owned 33,277 shares of the company’s stock, valued at $7,001,148.03. This trade represents a 5.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total value of $1,806,900.00. Following the sale, the executive vice president directly owned 101,349 shares of the company’s stock, valued at $18,312,750.81. This represents a 8.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,000 shares of company stock valued at $6,553,250 in the last quarter. 21.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MasTec

Hedge funds have recently added to or reduced their stakes in the business. Caldwell Trust Co acquired a new stake in shares of MasTec during the second quarter worth $29,000. Parkside Financial Bank & Trust lifted its holdings in shares of MasTec by 253.7% during the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock worth $33,000 after buying an additional 137 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of MasTec during the first quarter worth $35,000. Ameritas Advisory Services LLC acquired a new stake in shares of MasTec during the second quarter worth $35,000. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in shares of MasTec during the second quarter worth $43,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

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.