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

MasTec (NYSE:MTZ) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Several other equities research analysts have also recently issued reports on the stock. Citigroup decreased their price objective on shares of MasTec from $220.00 to $219.00 and set a “buy” rating for the company in a research report on Monday, August 4th. Truist Financial set a $209.00 price target on shares of MasTec in a research note on Monday, August 4th. Barclays reiterated an “overweight” rating and set a $200.00 price target (up from $145.00) on shares of MasTec in a research note on Monday, July 21st. Baird R W upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 4th. Finally, Mizuho started coverage on shares of MasTec in a research note on Thursday, September 4th. They set an “outperform” rating and a $215.00 price target on the stock. Three 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 a consensus rating of “Buy” and an average target price of $196.22.

MasTec Stock Performance

Shares of MTZ stock opened at $189.74 on Friday. MasTec has a 52 week low of $99.70 and a 52 week high of $194.00. The firm has a 50 day moving average of $179.19 and a two-hundred day moving average of $152.90. The stock has a market capitalization of $14.97 billion, a PE ratio of 56.14 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.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.08. The business had revenue of $3.55 billion during 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 company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 EPS. 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 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Cardenas Alberto De sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 101,349 shares in the company, valued at $18,312,750.81. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the transaction, the chief operating officer owned 194,249 shares in the company, valued at approximately $33,993,575. This trade represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. increased its stake in shares of MasTec by 71.6% during the second quarter. Osaic Holdings Inc. now owns 30,118 shares of the construction company’s stock worth $5,132,000 after acquiring an additional 12,567 shares during the period. American Trust acquired a new position in shares of MasTec during the second quarter worth about $202,000. Geneos Wealth Management Inc. increased its stake in shares of MasTec by 62.6% during the second quarter. Geneos Wealth Management Inc. now owns 1,242 shares of the construction company’s stock worth $212,000 after acquiring an additional 478 shares during the period. FORA Capital LLC purchased a new stake in MasTec during the second quarter worth about $1,717,000. Finally, Headlands Technologies LLC boosted its holdings in MasTec by 1,544.7% during the second quarter. Headlands Technologies LLC now owns 1,694 shares of the construction company’s stock worth $289,000 after buying an additional 1,591 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Company Profile

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.