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

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

A number of other brokerages have also recently weighed in on MTZ. Stifel Nicolaus raised their price objective on shares of MasTec from $181.00 to $198.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Citigroup dropped their price objective on shares of MasTec from $220.00 to $219.00 and set a “buy” rating for the company in a research note on Monday, August 4th. JPMorgan Chase & Co. raised their price objective on shares of MasTec from $180.00 to $214.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 22nd. Barclays restated an “overweight” rating and set a $200.00 target price (up previously from $145.00) on shares of MasTec in a research report on Monday, July 21st. Finally, KeyCorp raised their target price on shares of MasTec from $196.00 to $205.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Three analysts have rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company. According to MarketBeat, MasTec currently has an average rating of “Buy” and a consensus target price of $197.84.

MasTec Trading Up 0.7%

Shares of MTZ opened at $200.91 on Friday. 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 firm’s 50-day moving average is $181.79 and its two-hundred day moving average is $155.41. MasTec has a twelve month low of $99.70 and a twelve month high of $201.97. The firm has a market capitalization of $15.85 billion, a P/E ratio of 59.44 and a beta of 1.81.

MasTec (NYSE:MTZ) last issued its 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. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 earnings per share. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. On average, research analysts predict that MasTec will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, 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 transaction of $1,806,900.00. Following the sale, the executive vice president owned 101,349 shares of the company’s stock, valued at $18,312,750.81. The trade was a 8.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $190.39, for a total transaction of $571,170.00. Following the sale, the director directly owned 35,277 shares in the company, valued at $6,716,388.03. This trade represents a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock valued at $4,128,070 in the last quarter. Company insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On MasTec

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC increased its stake in MasTec by 2,023.1% during the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company’s stock worth $32,000 after buying an additional 263 shares during the period. Parkside Financial Bank & Trust grew 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 acquiring an additional 137 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in MasTec during the 1st quarter worth $35,000. Ameritas Advisory Services LLC acquired a new position in MasTec during the 2nd quarter worth $35,000. Finally, Harbor Investment Advisory LLC grew its holdings in MasTec by 147.1% during the 1st quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company’s stock worth $39,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other 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.