MasTec (NYSE:MTZ) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

MasTec (NYSE:MTZ) had its target price upped by equities research analysts at Jefferies Financial Group from $218.00 to $252.00 in a note issued to investors on Wednesday, MarketBeat reports. The firm currently has a “buy” rating on the construction company’s stock. Jefferies Financial Group’s target price suggests a potential upside of 16.76% from the stock’s current price.

Several other brokerages also recently weighed in on MTZ. Roth Capital lifted their target price on MasTec from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Wolfe Research upgraded MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research note on Wednesday, September 17th. Robert W. Baird upgraded 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. KeyCorp lifted their target price on MasTec from $196.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, Mizuho began coverage on MasTec in a research note on Thursday, September 4th. They issued an “outperform” rating and a $215.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, MasTec currently has an average rating of “Buy” and an average target price of $208.84.

MasTec Trading Up 0.4%

MTZ opened at $215.82 on Wednesday. The firm has a market cap of $17.03 billion, a price-to-earnings ratio of 63.85 and a beta of 1.82. MasTec has a 52 week low of $99.70 and a 52 week high of $219.09. The business’s 50 day moving average is $187.76 and its two-hundred day moving average is $160.88. 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 results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.41 by $0.08. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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, research analysts predict that MasTec will post 3.44 EPS for the current year.

Insiders Place Their Bets

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction 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 sale, the chief operating officer directly owned 184,249 shares in the company, valued at approximately $36,930,869.56. The trade was a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cardenas Alberto De sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total value of $1,806,900.00. Following the sale, the executive vice president owned 101,349 shares in the company, valued at approximately $18,312,750.81. The trade was a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,000 shares of company stock worth $6,553,250. 21.30% of the stock is owned by corporate insiders.

Institutional Trading of MasTec

A number of institutional investors have recently bought and sold shares of MTZ. Goldman Sachs Group Inc. boosted its position in MasTec by 163.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company’s stock worth $121,843,000 after purchasing an additional 648,184 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of MasTec by 370.0% in the second quarter. Qube Research & Technologies Ltd now owns 506,857 shares of the construction company’s stock worth $86,384,000 after acquiring an additional 399,007 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of MasTec by 171.2% in the first quarter. Ameriprise Financial Inc. now owns 390,764 shares of the construction company’s stock worth $45,607,000 after acquiring an additional 246,666 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of MasTec by 4.1% in the second quarter. Vanguard Group Inc. now owns 5,972,293 shares of the construction company’s stock worth $1,017,858,000 after acquiring an additional 234,594 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of MasTec by 23.6% in the first quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company’s stock worth $106,234,000 after acquiring an additional 184,277 shares during 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.