Mizuho Begins Coverage on MasTec (NYSE:MTZ)

Research analysts at Mizuho started coverage on shares of MasTec (NYSE:MTZ) in a research report issued on Thursday, MarketBeat reports. The brokerage set an “outperform” rating and a $215.00 price target on the construction company’s stock. Mizuho’s price objective suggests a potential upside of 20.74% from the company’s current price.

Several other equities analysts have also issued reports on the company. The Goldman Sachs Group upped their price target on MasTec from $195.00 to $227.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Barclays restated an “overweight” rating and issued a $200.00 price target (up from $145.00) on shares of MasTec in a report on Monday, July 21st. Truist Financial set a $209.00 price target on MasTec in a report on Monday, August 4th. Baird R W upgraded MasTec from a “hold” rating to a “strong-buy” rating in a report on Monday, August 4th. Finally, Robert W. Baird upgraded MasTec from a “neutral” rating to an “outperform” rating and set a $210.00 price objective for the company in a report on Monday, August 4th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, MasTec currently has an average rating of “Buy” and an average price target of $196.22.

MasTec Stock Performance

MTZ opened at $178.07 on Thursday. The stock’s 50 day simple moving average is $177.81 and its 200-day simple moving average is $151.01. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. The stock has a market cap of $14.05 billion, a PE ratio of 52.68 and a beta of 1.81. MasTec has a 1 year low of $96.01 and a 1 year high of $194.00.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.41 by $0.08. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.MasTec’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 EPS. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Sell-side analysts forecast that MasTec will post 3.44 EPS for the current year.

Insiders Place Their Bets

In other news, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $175.00, for a total value of $1,750,000.00. Following the transaction, the chief operating officer owned 194,249 shares in the company, valued at approximately $33,993,575. This trade represents a 4.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of MasTec 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 completion of the transaction, the executive vice president owned 101,349 shares in the company, valued at approximately $18,312,750.81. The trade was a 8.98% decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On MasTec

Hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its holdings in 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 buying an additional 12,567 shares during the period. American Trust acquired a new position in shares of MasTec in the 2nd quarter valued at about $202,000. Geneos Wealth Management Inc. lifted its stake in shares of MasTec by 62.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,242 shares of the construction company’s stock valued at $212,000 after purchasing an additional 478 shares during the period. FORA Capital LLC bought a new stake in MasTec in the 2nd quarter valued at about $1,717,000. Finally, Headlands Technologies LLC increased its position in MasTec by 1,544.7% in the 2nd quarter. Headlands Technologies LLC now owns 1,694 shares of the construction company’s stock valued at $289,000 after buying an additional 1,591 shares in the last quarter. Institutional investors 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.