MasTec (NYSE:MTZ) Earns Outperform Rating from Analysts at Mizuho

Equities researchers at Mizuho started coverage on shares of MasTec (NYSE:MTZ) in a report issued on Thursday, Marketbeat.com reports. The firm set an “outperform” rating and a $215.00 price target on the construction company’s stock. Mizuho’s target price would indicate a potential upside of 20.74% from the stock’s current price.

A number of other research analysts have also recently commented on MTZ. TD Cowen increased their target price on MasTec from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Robert W. Baird raised MasTec from a “neutral” rating to an “outperform” rating and set a $210.00 target price on the stock in a research note on Monday, August 4th. Truist Financial set a $209.00 target price on MasTec in a research note on Monday, August 4th. Stifel Nicolaus increased their target price on MasTec from $181.00 to $198.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Finally, Wall Street Zen raised MasTec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Three 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 company’s stock. According to MarketBeat, MasTec presently has a consensus rating of “Buy” and an average target price of $196.22.

MasTec Stock Performance

MTZ stock opened at $178.07 on Thursday. The firm has a market cap of $14.05 billion, a PE ratio of 52.68 and a beta of 1.81. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average of $177.81 and a 200-day moving average of $151.01. MasTec has a 12-month low of $96.01 and a 12-month high of $194.00.

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

Insider Transactions at MasTec

In other news, COO Robert E. Apple sold 10,000 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the chief operating officer directly owned 194,249 shares in the company, valued at approximately $33,993,575. This represents a 4.90% decrease in their ownership of the stock. The transaction 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 the stock in a transaction dated Tuesday, August 5th. The stock was 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 approximately $18,312,750.81. This represents a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by company insiders.

Institutional Trading of MasTec

A number of institutional investors have recently modified their holdings of the company. Rothschild Investment LLC boosted its holdings in shares of 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 purchasing an additional 62 shares during the period. Forum Financial Management LP boosted its position in MasTec by 3.9% during the 1st quarter. Forum Financial Management LP now owns 2,097 shares of the construction company’s stock valued at $245,000 after acquiring an additional 78 shares in the last quarter. Parallel Advisors LLC boosted its position in MasTec by 37.1% during the 2nd quarter. Parallel Advisors LLC now owns 303 shares of the construction company’s stock valued at $52,000 after acquiring an additional 82 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in MasTec by 4.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 1,982 shares of the construction company’s stock valued at $338,000 after acquiring an additional 93 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in MasTec by 3.7% during the 2nd quarter. ProShare Advisors LLC now owns 2,717 shares of the construction company’s stock valued at $463,000 after acquiring an additional 97 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

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.