MasTec, Inc. (NYSE:MTZ) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• MasTec, Inc. has received a consensus rating of "Moderate Buy" from 22 brokerages, with the average price target set at $220.37.
• Recent insider transactions showed EVP Cardenas Alberto De sold 10,000 shares, a decrease of 8.98% in their holdings.
• Institutional investors own 78.10% of MasTec's stock, with several recently increasing their positions in the company.

Shares of MasTec, Inc. (NYSE:MTZ - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty-two brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $220.3684.

Several research firms recently issued reports on MTZ. Jefferies Financial Group lifted their price objective on MasTec from $218.00 to $252.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of MasTec in a report on Wednesday, October 8th. Mizuho began coverage on MasTec in a report on Thursday, September 4th. They issued an "outperform" rating and a $215.00 price objective for the company. Zacks Research cut MasTec from a "strong-buy" rating to a "hold" rating in a report on Friday, October 3rd. Finally, Wolfe Research raised MasTec from a "peer perform" rating to an "outperform" rating and set a $227.00 price objective for the company in a report on Wednesday, September 17th.

Insider Transactions at MasTec

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive vice president owned 101,349 shares of the company's stock, valued at $18,312,750.81. This represents a 8.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $200.44, for a total value of $2,004,400.00. Following the completion of the transaction, the chief operating officer directly owned 184,249 shares of the company's stock, valued at approximately $36,930,869.56. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,000 shares of company stock valued at $4,803,250. Corporate insiders own 21.30% of the company's stock.

Institutional Investors Weigh In On MasTec

Institutional investors have recently made changes to their positions in the stock. Caldwell Trust Co bought a new stake in shares of MasTec in the 2nd quarter valued at about $29,000. Parkside Financial Bank & Trust grew its position in shares of MasTec by 253.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company's stock valued at $33,000 after buying an additional 137 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of MasTec in the 3rd quarter valued at about $43,000. Ameritas Advisory Services LLC bought a new stake in shares of MasTec in the 2nd quarter valued at about $35,000. Finally, Evelyn Partners Asset Management Ltd bought a new stake in shares of MasTec during the 2nd quarter valued at about $43,000. Institutional investors own 78.10% of the company's stock.

MasTec Stock Up 1.7%

MTZ stock opened at $205.31 on Tuesday. 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 has a twelve month low of $99.70 and a twelve month high of $221.83. The business has a 50 day moving average price of $193.72 and a two-hundred day moving average price of $168.76. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 60.74 and a beta of 1.82.

MasTec (NYSE:MTZ - Get Free Report) last issued its 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. 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 the consensus estimate of $3.40 billion. During the same period in the previous year, the company posted $0.96 EPS. The firm's revenue for the quarter was up 19.7% compared to the same quarter last year. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Analysts anticipate that MasTec will post 3.44 EPS for the current fiscal year.

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.

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