DA Davidson Weighs in on MasTec's Q3 Earnings (NYSE:MTZ)

Key Points

• DA Davidson projects MasTec will earn $2.19 per share in Q3 2025, maintaining a "Buy" rating with a target price of $210.00.
• MasTec recently reported a 19.7% increase in revenue year-over-year, with earnings per share of $1.49 for the last quarter, surpassing expectations.
• Institutional investors have significantly increased their stakes in MasTec, with 78.10% of the stock now owned by hedge funds and other institutional investors.

MasTec, Inc. (NYSE:MTZ - Free Report) - Equities researchers at DA Davidson issued their Q3 2025 earnings per share (EPS) estimates for MasTec in a note issued to investors on Monday, August 4th. DA Davidson analyst B. Thielman anticipates that the construction company will earn $2.19 per share for the quarter. DA Davidson has a "Buy" rating and a $210.00 price objective on the stock. The consensus estimate for MasTec's current full-year earnings is $3.44 per share. DA Davidson also issued estimates for MasTec's FY2025 earnings at $6.02 EPS.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.08. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the previous year, the firm earned $0.96 EPS. The business's revenue for the quarter was up 19.7% compared to the same quarter last year.

Other research analysts also recently issued research reports about the company. KeyCorp increased their price target on MasTec from $196.00 to $205.00 and gave the stock an "overweight" rating in a research note on Monday. Truist Financial raised their price objective on shares of MasTec from $154.00 to $184.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Citigroup lowered their target price on shares of MasTec from $220.00 to $219.00 and set a "buy" rating on the stock in a report on Monday. Jefferies Financial Group began coverage on MasTec in a research report on Friday, May 16th. They issued a "buy" rating and a $188.00 price target for the company. Finally, Robert W. Baird raised MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 target price for the company in a report on Monday. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $191.76.

MasTec Stock Up 2.2%

MTZ stock opened at $177.88 on Tuesday. The stock's fifty day simple moving average is $169.52 and its two-hundred day simple moving average is $145.14. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. MasTec has a 1-year low of $89.96 and a 1-year high of $194.00. The stock has a market cap of $14.03 billion, a P/E ratio of 52.63 and a beta of 1.83.

Hedge Funds Weigh In On MasTec

Several institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in shares of MasTec by 163.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company's stock valued at $121,843,000 after buying an additional 648,184 shares in the last quarter. First Trust Advisors LP raised its stake in shares of MasTec by 173.8% during the 4th quarter. First Trust Advisors LP now owns 587,788 shares of the construction company's stock worth $80,021,000 after acquiring an additional 373,145 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in MasTec by 137.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 627,670 shares of the construction company's stock valued at $85,451,000 after acquiring an additional 363,502 shares during the last quarter. Merewether Investment Management LP acquired a new stake in MasTec in the fourth quarter valued at approximately $46,612,000. Finally, Ameriprise Financial Inc. boosted its stake in MasTec by 171.2% in the first quarter. Ameriprise Financial Inc. now owns 390,764 shares of the construction company's stock valued at $45,607,000 after acquiring an additional 246,666 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MasTec

In other news, COO Robert E. Apple sold 10,000 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total value of $1,750,000.00. Following the completion of the sale, 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 position. The transaction 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 the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $153.89, for a total value of $461,670.00. Following the completion of the sale, the director owned 39,782 shares in the company, valued at approximately $6,122,051.98. The trade was a 7.01% decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.30% of the company's stock.

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.

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