DA Davidson Weighs in on MasTec's FY2025 Earnings (NYSE:MTZ)

MasTec, Inc. (NYSE:MTZ - Free Report) - DA Davidson upped their FY2025 earnings per share (EPS) estimates for MasTec in a note issued to investors on Tuesday, May 6th. DA Davidson analyst B. Thielman now expects that the construction company will post earnings of $5.81 per share for the year, up from their prior forecast of $5.33. The consensus estimate for MasTec's current full-year earnings is $3.44 per share. DA Davidson also issued estimates for MasTec's FY2026 earnings at $6.12 EPS.

Other analysts have also issued research reports about the company. Robert W. Baird cut their price objective on MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd. Barclays boosted their target price on shares of MasTec from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Wolfe Research began coverage on shares of MasTec in a research note on Monday, March 31st. They set a "peer perform" rating for the company. Stifel Nicolaus boosted their target price on shares of MasTec from $143.00 to $171.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Piper Sandler boosted their target price on shares of MasTec from $134.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $160.33.

MasTec Stock Up 3.5%

Shares of MasTec stock traded up $5.36 during trading hours on Thursday, reaching $158.10. 547,747 shares of the company were exchanged, compared to its average volume of 931,915. MasTec has a 1 year low of $89.96 and a 1 year high of $166.95. The stock's fifty day moving average is $122.79 and its 200 day moving average is $133.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The firm has a market cap of $12.47 billion, a PE ratio of 141.16 and a beta of 1.71.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The construction company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.17. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the company earned ($0.13) earnings per share. The company's revenue was up 6.0% on a year-over-year basis.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 2,517 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $131.63, for a total value of $331,312.71. Following the completion of the sale, the director now directly owns 23,000 shares of the company's stock, valued at approximately $3,027,490. This represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MasTec

A number of institutional investors and hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System raised its position in MasTec by 21.7% during the 4th quarter. New York State Teachers Retirement System now owns 32,307 shares of the construction company's stock worth $4,398,000 after buying an additional 5,750 shares during the last quarter. Kingswood Wealth Advisors LLC raised its holdings in MasTec by 45.8% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 28,498 shares of the construction company's stock worth $3,880,000 after purchasing an additional 8,948 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in MasTec by 286.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company's stock worth $2,433,000 after purchasing an additional 13,241 shares in the last quarter. Merit Financial Group LLC purchased a new position in MasTec during the fourth quarter worth about $415,000. Finally, CWA Asset Management Group LLC purchased a new position in MasTec during the fourth quarter worth about $485,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

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.