Guggenheim Downgrades MasTec (NYSE:MTZ) to Neutral

MasTec (NYSE:MTZ) was downgraded by equities research analysts at Guggenheim from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, MarketBeat Ratings reports. They presently have a $215.00 price objective on the construction company’s stock. Guggenheim’s target price indicates a potential upside of 5.57% from the company’s previous close.

A number of other equities research analysts have also recently commented on MTZ. Mizuho began coverage on MasTec in a research note on Thursday, September 4th. They set an “outperform” rating and a $215.00 price objective for the company. Stifel Nicolaus raised their target price on MasTec from $198.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Weiss Ratings restated a “hold (c)” rating on shares of MasTec in a research report on Wednesday, October 8th. DA Davidson set a $210.00 price target on shares of MasTec and gave the company a “buy” rating in a research report on Monday, August 4th. Finally, Citigroup lifted their price objective on shares of MasTec from $219.00 to $248.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.63.

MasTec Trading Down 0.4%

MTZ opened at $203.66 on Wednesday. The firm has a 50 day simple moving average of $192.78 and a 200 day simple moving average of $166.79. MasTec has a fifty-two week low of $99.70 and a fifty-two week high of $221.83. The company has a market cap of $16.07 billion, a price-to-earnings ratio of 60.25 and a beta of 1.82. 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 announced its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.08. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the firm earned $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, sell-side analysts anticipate that MasTec will post 3.44 earnings per share for the current year.

Insider Activity at MasTec

In related news, COO Robert E. Apple sold 10,000 shares of the 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 completion of the sale, the chief operating officer directly owned 184,249 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction that occurred 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 owned 35,277 shares in the company, valued at $6,716,388.03. This trade represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,000 shares of company stock worth $4,803,250. 21.30% of the stock is owned by company insiders.

Institutional Trading of MasTec

Several hedge funds and other institutional investors have recently modified their holdings of MTZ. Caldwell Trust Co acquired a new position in shares of MasTec during the second quarter worth about $29,000. Parkside Financial Bank & Trust lifted its stake in MasTec by 253.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock valued at $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 approximately $35,000. Ameritas Advisory Services LLC bought a new position in shares of MasTec during the 2nd quarter worth approximately $35,000. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in shares of MasTec in the second quarter valued at approximately $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.