MasTec (NYSE:MTZ) Downgraded by Wall Street Zen to "Buy"

Key Points

• MasTec was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, indicating a potential shift in analyst sentiment towards the stock.
• Multiple analysts, including Barclays and Goldman Sachs, have set ambitious price targets for MasTec, with estimates ranging from $200 to $227, suggesting a generally optimistic outlook.
• The company reported a 19.7% increase in revenue year-over-year, along with earnings per share of $1.49, beating analysts' expectations.

MasTec (NYSE:MTZ - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Monday.

MTZ has been the topic of a number of other research reports. Barclays reiterated an "overweight" rating and set a $200.00 price target (up previously from $145.00) on shares of MasTec in a report on Monday, July 21st. Mizuho assumed coverage on MasTec in a research note on Thursday, September 4th. They set an "outperform" rating and a $215.00 target price on the stock. Wolfe Research raised MasTec from a "peer perform" rating to an "outperform" rating and set a $227.00 price objective on the stock in a research report on Wednesday, September 17th. The Goldman Sachs Group increased their price objective on MasTec from $195.00 to $227.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of MasTec from $180.00 to $214.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the stock. According to MarketBeat, MasTec has an average rating of "Buy" and an average target price of $199.95.

MasTec Stock Up 1.9%

Shares of MasTec stock opened at $208.36 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. The company's fifty day simple moving average is $184.96 and its two-hundred day simple moving average is $158.88. The company has a market cap of $16.44 billion, a P/E ratio of 61.65 and a beta of 1.81. MasTec has a 12-month low of $99.70 and a 12-month high of $209.12.

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

Insider Transactions at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $190.39, for a total transaction of $571,170.00. Following the transaction, the director directly owned 35,277 shares in the company, valued at $6,716,388.03. This trade represents a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of MasTec stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the completion of the transaction, the executive vice president directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. The trade was a 8.98% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,000 shares of company stock worth $6,132,470. 21.30% of the stock is currently owned by company insiders.

Institutional Trading of MasTec

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of MasTec by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,972,293 shares of the construction company's stock valued at $1,017,858,000 after purchasing an additional 234,594 shares during the last quarter. Hill City Capital LP grew its position in MasTec by 0.7% during the 1st quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company's stock worth $250,343,000 after purchasing an additional 15,000 shares during the last quarter. Invesco Ltd. grew its position in MasTec by 6.1% during the 2nd quarter. Invesco Ltd. now owns 1,765,049 shares of the construction company's stock worth $300,817,000 after purchasing an additional 102,072 shares during the last quarter. Hood River Capital Management LLC grew its position in MasTec by 8.9% during the 2nd quarter. Hood River Capital Management LLC now owns 1,692,656 shares of the construction company's stock worth $288,479,000 after purchasing an additional 138,269 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in MasTec by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company's stock worth $142,331,000 after purchasing an additional 39,622 shares during the last quarter. 78.10% of the stock is currently 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.

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