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

Wall Street Zen cut shares of MasTec (NYSE:MTZ) from a strong-buy rating to a buy rating in a report released on Saturday.

Several other research analysts have also weighed in on the company. DA Davidson set a $210.00 target price on MasTec and gave the stock a “buy” rating in a report on Monday, August 4th. Mizuho began coverage on MasTec in a report on Thursday, September 4th. They set an “outperform” rating and a $215.00 target price on the stock. Roth Capital began coverage on MasTec in a report on Tuesday, July 1st. They set a “buy” rating and a $210.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on MasTec from $180.00 to $214.00 and gave the stock an “overweight” rating in a report on Tuesday, July 22nd. Finally, Jefferies Financial Group began coverage on MasTec in a report on Friday, May 16th. They set a “buy” rating and a $188.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $196.22.

MasTec Stock Up 1.8%

Shares of MasTec stock opened at $193.16 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. MasTec has a 12 month low of $99.70 and a 12 month high of $194.00. The business has a fifty day simple moving average of $179.62 and a 200 day simple moving average of $153.66. The stock has a market cap of $15.24 billion, a PE ratio of 57.15 and a beta of 1.81.

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

Insider Transactions at MasTec

In related news, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction dated 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 sale, the chief operating officer owned 194,249 shares of the company’s stock, valued at approximately $33,993,575. The trade was a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of MasTec stock in a transaction dated 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 sale, the executive vice president directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MasTec

A number of institutional investors have recently bought and sold shares of the business. Rothschild Investment LLC increased its position in MasTec by 22.5% during the second quarter. Rothschild Investment LLC now owns 338 shares of the construction company’s stock worth $58,000 after buying an additional 62 shares during the last quarter. Forum Financial Management LP increased its position in MasTec by 3.9% during the first quarter. Forum Financial Management LP now owns 2,097 shares of the construction company’s stock worth $245,000 after buying an additional 78 shares during the last quarter. Parallel Advisors LLC increased its position in MasTec by 37.1% during the second quarter. Parallel Advisors LLC now owns 303 shares of the construction company’s stock worth $52,000 after buying an additional 82 shares during the last quarter. Verdence Capital Advisors LLC increased its position in MasTec by 4.9% during the second quarter. Verdence Capital Advisors LLC now owns 1,982 shares of the construction company’s stock worth $338,000 after buying an additional 93 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in MasTec by 3.7% during the second quarter. ProShare Advisors LLC now owns 2,717 shares of the construction company’s stock worth $463,000 after buying an additional 97 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.