MasTec (NYSE:MTZ) Lowered to “Buy” Rating by Wall Street Zen

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

Other research analysts have also recently issued research reports about the company. DA Davidson set a $210.00 price target on MasTec and gave the stock a “buy” rating in a research note on Monday, August 4th. Truist Financial set a $209.00 price target on shares of MasTec in a report on Monday, August 4th. Citigroup decreased their target price on shares of MasTec from $220.00 to $219.00 and set a “buy” rating for the company in a research report on Monday, August 4th. KeyCorp raised their target price on shares of MasTec from $196.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, Robert W. Baird upgraded shares of MasTec from a “neutral” rating to an “outperform” rating and set a $210.00 price objective on the stock in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the company. Based on data from MarketBeat, MasTec has a consensus rating of “Buy” and an average target price of $199.95.

MasTec Trading Up 1.6%

MTZ opened at $212.83 on Monday. The firm’s fifty day moving average price is $186.42 and its 200 day moving average price is $159.87. MasTec has a 12-month low of $99.70 and a 12-month high of $213.66. The stock has a market capitalization of $16.79 billion, a PE ratio of 62.97 and a beta of 1.81. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the firm earned $0.96 EPS. The business’s 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, research analysts expect that MasTec will post 3.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $200.44, for a total transaction of $2,004,400.00. Following the transaction, the chief operating officer directly owned 184,249 shares in the company, valued at approximately $36,930,869.56. This represents a 5.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $190.39, for a total value of $571,170.00. Following the completion of the transaction, the director directly owned 35,277 shares in the company, valued at approximately $6,716,388.03. This trade represents a 7.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,000 shares of company stock valued at $6,132,470. 21.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MasTec

A number of large investors have recently bought and sold shares of MTZ. Corient Private Wealth LLC acquired a new position in MasTec during the second quarter valued at approximately $328,000. Caldwell Trust Co bought a new stake in shares of MasTec during the 2nd quarter valued at $29,000. Osaic Holdings Inc. boosted its position in shares of MasTec by 71.6% during the 2nd quarter. Osaic Holdings Inc. now owns 30,118 shares of the construction company’s stock worth $5,132,000 after acquiring an additional 12,567 shares in the last quarter. American Trust acquired a new stake in MasTec in the second quarter valued at about $202,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of MasTec by 62.6% during the second quarter. Geneos Wealth Management Inc. now owns 1,242 shares of the construction company’s stock worth $212,000 after buying an additional 478 shares during the last quarter. 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.