MasTec, Inc. (NYSE:MTZ) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• MasTec, Inc. has received a consensus rating of "Buy" from 20 brokerage firms, with expectations of a 1-year price target averaging around $199.95.
• Recent ratings upgrades from analysts include a "strong-buy" from Wall Street Zen and increased price targets from TD Cowen ($195), Barclays ($200), and Wolfe Research ($227).
• Insider trading activity showed significant sales, with EVP Cardenas selling 10,000 shares for approximately $1.8 million and Director Campbell selling 3,000 shares for around $571,170.

MasTec, Inc. (NYSE:MTZ - Get Free Report) has earned an average rating of "Buy" from the twenty ratings firms that are currently covering the company, MarketBeat Ratings reports. Eighteen investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $199.9474.

Several research firms recently commented on MTZ. TD Cowen upped their price objective on MasTec from $175.00 to $195.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Wall Street Zen raised shares of MasTec from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 21st. Wolfe Research raised shares of MasTec from a "peer perform" rating to an "outperform" rating and set a $227.00 price target on the stock in a report on Wednesday, September 17th. Robert W. Baird raised 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. Finally, Barclays reissued an "overweight" rating and issued a $200.00 target price (up previously from $145.00) on shares of MasTec in a research note on Monday, July 21st.

Insider Buying and Selling at MasTec

In other news, EVP Cardenas Alberto De sold 10,000 shares of the 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 completion of the sale, the executive vice president directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $190.39, for a total transaction of $571,170.00. Following the sale, the director owned 35,277 shares of the company's stock, valued at approximately $6,716,388.03. This represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,000 shares of company stock worth $6,132,470 over the last three months. Company insiders own 21.30% of the company's stock.

Institutional Trading of MasTec

Several institutional investors and hedge funds have recently bought and sold shares of MTZ. Brighton Jones LLC purchased a new stake in MasTec in the fourth quarter worth about $227,000. NorthCrest Asset Manangement LLC raised its holdings in MasTec by 1.8% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 13,395 shares of the construction company's stock worth $1,824,000 after acquiring an additional 236 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in MasTec by 45.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,360 shares of the construction company's stock worth $1,819,000 after purchasing an additional 4,203 shares during the period. Versant Capital Management Inc grew its position in MasTec by 95.9% in the 1st quarter. Versant Capital Management Inc now owns 1,348 shares of the construction company's stock worth $157,000 after purchasing an additional 660 shares during the period. Finally, GAMMA Investing LLC grew its position in MasTec by 16,664.5% in the 1st quarter. GAMMA Investing LLC now owns 106,790 shares of the construction company's stock worth $12,463,000 after purchasing an additional 106,153 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Stock Performance

Shares of MTZ opened at $204.75 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. The stock has a 50 day moving average price of $184.35 and a two-hundred day moving average price of $157.66. The firm has a market capitalization of $16.16 billion, a P/E ratio of 60.58 and a beta of 1.81. MasTec has a 52 week low of $99.70 and a 52 week high of $208.08.

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the previous year, the company posted $0.96 EPS. The company's revenue for the quarter was up 19.7% on a year-over-year basis. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Equities analysts forecast that MasTec will post 3.44 earnings per share for the current fiscal year.

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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