MasTec (NYSE:MTZ) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• MasTec's stock received a "hold (C)" rating from Weiss Ratings, while other analysts have set higher price targets ranging from $198.00 to $250.00 with an average target of $212.42.
• The company reported a quarterly earnings per share of $1.49, surpassing estimates and reflecting a 19.7% year-over-year revenue growth.
• Insider trading activity has seen executives sell shares, with approximately 21.30% of MasTec's stock owned by insiders.

MasTec (NYSE:MTZ - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other research analysts have also issued reports about the stock. Roth Capital raised their price objective on shares of MasTec from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Robert W. Baird raised shares of MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 price objective for the company in a report on Monday, August 4th. Wolfe Research upgraded shares of MasTec from a "peer perform" rating to an "outperform" rating and set a $227.00 price target on the stock in a research report on Wednesday, September 17th. Truist Financial raised their price target on shares of MasTec from $209.00 to $248.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Stifel Nicolaus raised their price target on shares of MasTec from $181.00 to $198.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $212.42.

MasTec Price Performance

MTZ opened at $218.86 on Wednesday. The company has a fifty day simple moving average of $190.02 and a 200 day simple moving average of $163.41. The firm has a market cap of $17.27 billion, a price-to-earnings ratio of 64.75 and a beta of 1.82. MasTec has a twelve month low of $99.70 and a twelve month high of $221.83. 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 (NYSE:MTZ - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.08. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The business's revenue was up 19.7% on a year-over-year basis. During the same period last 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. Equities research analysts expect that MasTec will post 3.44 EPS for the current fiscal year.

Insider Activity at MasTec

In related news, EVP Cardenas Alberto De sold 10,000 shares of MasTec stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total value of $1,806,900.00. Following the sale, the executive vice president directly owned 101,349 shares in the company, valued at $18,312,750.81. This trade represents a 8.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director C Robert Campbell sold 2,000 shares of MasTec stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $210.39, for a total transaction of $420,780.00. Following the completion of the sale, the director owned 33,277 shares in the company, valued at approximately $7,001,148.03. This represents a 5.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock worth $6,553,250 in the last ninety days. 21.30% of the stock is owned by insiders.

Hedge Funds Weigh In On MasTec

Several large investors have recently bought and sold shares of MTZ. Goldman Sachs Group Inc. increased its stake in MasTec by 163.8% during 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 during the period. Qube Research & Technologies Ltd grew its stake in shares of MasTec by 370.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 506,857 shares of the construction company's stock worth $86,384,000 after purchasing an additional 399,007 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of MasTec by 171.2% in the 1st quarter. Ameriprise Financial Inc. now owns 390,764 shares of the construction company's stock worth $45,607,000 after purchasing an additional 246,666 shares during the last quarter. Vanguard Group Inc. grew its stake 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 worth $1,017,858,000 after purchasing an additional 234,594 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of MasTec by 23.6% in the 1st quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company's stock worth $106,234,000 after purchasing an additional 184,277 shares during the last quarter. Institutional investors and hedge funds own 78.10% 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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