MasTec (NYSE:MTZ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of MasTec (NYSE:MTZ) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.

A number of other equities analysts have also commented on the company. Wolfe Research raised MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a research note on Wednesday, September 17th. Roth Capital increased their price target on MasTec from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Truist Financial increased their price target on MasTec from $209.00 to $248.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. KeyCorp increased their price target on MasTec from $196.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, TD Cowen increased their price target on MasTec from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $214.47.

MasTec Stock Up 4.2%

Shares of MTZ opened at $203.89 on Friday. The business’s 50 day moving average is $191.39 and its 200 day moving average is $165.65. The company has a market capitalization of $16.09 billion, a PE ratio of 60.32 and a beta of 1.82. MasTec has a 12-month low of $99.70 and a 12-month high of $221.83. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter last year, the company earned $0.96 EPS. The firm’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. Research analysts expect that MasTec will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $36,930,869.56. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director C Robert Campbell sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $210.39, for a total value of $420,780.00. Following the sale, the director owned 33,277 shares in the company, valued at approximately $7,001,148.03. This trade represents a 5.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock worth $6,553,250 over the last ninety days. Company insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On MasTec

Several hedge funds and other institutional investors have recently modified their holdings of MTZ. Caldwell Trust Co purchased a new stake in shares of MasTec in the second quarter worth approximately $29,000. Parkside Financial Bank & Trust increased its holdings in MasTec by 253.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock worth $33,000 after purchasing an additional 137 shares during the period. Smallwood Wealth Investment Management LLC purchased a new position in MasTec during the 1st quarter worth $35,000. Ameritas Advisory Services LLC purchased a new position in MasTec during the 2nd quarter worth $35,000. Finally, Evelyn Partners Asset Management Ltd purchased a new position in MasTec during the 2nd quarter worth $43,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

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.