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

Wall Street Zen lowered shares of MasTec (NYSE:MTZ) from a strong-buy rating to a buy rating in a research note issued to investors on Sunday morning.

MTZ has been the subject of a number of other research reports. Roth Capital raised their price objective on MasTec from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. DA Davidson set a $210.00 price objective on MasTec and gave the company a “buy” rating in a research note on Monday, August 4th. TD Cowen raised their price objective on MasTec from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Barclays restated an “overweight” rating and set a $200.00 price objective (up previously from $145.00) on shares of MasTec in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. raised their price objective on MasTec from $214.00 to $235.00 and gave the company an “overweight” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.63.

MasTec Price Performance

MTZ stock opened at $202.01 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. MasTec has a 1 year low of $99.70 and a 1 year high of $221.83. The firm has a market cap of $15.94 billion, a P/E ratio of 59.77 and a beta of 1.82. The stock has a 50-day simple moving average of $193.19 and a 200-day simple moving average of $168.06.

MasTec (NYSE:MTZ) last posted its earnings results 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. 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 analyst estimates of $3.40 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts predict that MasTec will post 3.44 earnings per share for the current fiscal year.

Insider Transactions at MasTec

In other news, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $200.44, for a total value of $2,004,400.00. Following the completion of the transaction, the chief operating officer owned 184,249 shares in the company, valued at approximately $36,930,869.56. This trade represents a 5.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $190.39, for a total value of $571,170.00. Following the completion of the transaction, the director owned 35,277 shares of the company’s stock, valued at approximately $6,716,388.03. The trade was a 7.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,000 shares of company stock worth $4,803,250. 21.30% of the stock is currently owned by corporate insiders.

Institutional Trading of MasTec

Several hedge funds have recently made changes to their positions in MTZ. Caldwell Trust Co bought a new stake in shares of MasTec in the 2nd quarter worth approximately $29,000. Parkside Financial Bank & Trust lifted its holdings in shares of MasTec by 253.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock worth $33,000 after purchasing an additional 137 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of MasTec in the 1st quarter worth approximately $35,000. Ameritas Advisory Services LLC bought a new stake in shares of MasTec in the 2nd quarter worth approximately $35,000. Finally, Evelyn Partners Asset Management Ltd bought a new stake in shares of MasTec in the 2nd quarter worth approximately $43,000. 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.