MasTec (NYSE:MTZ) Given New $252.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies Financial Group raised its price target for MasTec from $218.00 to $252.00, maintaining a "buy" rating and indicating a potential upside of 19.34%.
• MasTec's stock has seen multiple upgrades from various analysts, with Roth Capital setting a target of $250.00 and Goldman Sachs at $227.00, all reiterating a "buy" rating.
• The company reported Q2 earnings of $1.49 per share, exceeding analyst expectations, alongside a 19.7% increase in quarterly revenue compared to the previous year.

MasTec (NYSE:MTZ - Get Free Report) had its price objective increased by stock analysts at Jefferies Financial Group from $218.00 to $252.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Jefferies Financial Group's target price suggests a potential upside of 19.34% from the stock's current price.

MTZ has been the subject of several other reports. Roth Capital lifted their price objective on MasTec from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. The Goldman Sachs Group lifted 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. KeyCorp boosted their price target on MasTec from $196.00 to $205.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Citigroup reduced their price objective on MasTec from $220.00 to $219.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Finally, UBS Group reaffirmed a "buy" rating and issued a $252.00 price objective (up previously from $206.00) on shares of MasTec in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $208.84.

MasTec Price Performance

Shares of MTZ stock traded down $1.66 during trading on Wednesday, hitting $211.16. The company had a trading volume of 37,049 shares, compared to its average volume of 1,019,440. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. The stock's 50-day moving average is $186.42 and its two-hundred day moving average is $159.87. The stock has a market capitalization of $16.66 billion, a price-to-earnings ratio of 62.19 and a beta of 1.81. MasTec has a 52 week low of $99.70 and a 52 week high of $213.66.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings data 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. 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 quarter in the prior year, the firm posted $0.96 earnings per share. The business's quarterly revenue 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. As a group, analysts predict that MasTec will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the business'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 completion of the transaction, the director directly owned 35,277 shares of the company's stock, valued at $6,716,388.03. The trade was a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief operating officer 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. Insiders have sold 33,000 shares of company stock worth $6,132,470 over the last quarter. 21.30% of the stock is currently owned by company insiders.

Institutional Trading of MasTec

A number of hedge funds have recently added to or reduced their stakes in MTZ. Caldwell Trust Co acquired a new stake in MasTec during the 2nd quarter worth approximately $29,000. Parkside Financial Bank & Trust raised its stake in shares of MasTec by 253.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company's stock worth $33,000 after buying an additional 137 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in shares of MasTec during the 1st quarter worth approximately $35,000. Ameritas Advisory Services LLC purchased a new position in shares of MasTec during the 2nd quarter worth approximately $35,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of MasTec by 147.1% during the 1st quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock worth $39,000 after buying an additional 200 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

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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