MasTec (NYSE:MTZ) Hits New 1-Year High - Here's Why

Key Points

• MasTec's stock achieved a new 52-week high, peaking at $220.69, significantly moving from its previous close of $215.81.
• Analysts have increased their price targets for MasTec, with Jefferies raising their target from $218.00 to $252.00, indicating strong market confidence with multiple "buy" ratings.
• The company reported a 19.7% increase in revenue year-over-year, achieving $3.55 billion for the quarter, and earnings of $1.49 per share, exceeding expectations.

MasTec, Inc. (NYSE:MTZ - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as $220.69 and last traded at $219.70, with a volume of 21920 shares changing hands. The stock had previously closed at $215.81.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Jefferies Financial Group upped their price target on shares of MasTec from $218.00 to $252.00 and gave the stock a "buy" rating in a research report on Wednesday, October 1st. Stifel Nicolaus upped their target price on shares of MasTec from $181.00 to $198.00 and gave the stock a "buy" rating in a report on Monday, August 4th. UBS Group boosted their price objective on MasTec from $206.00 to $252.00 and gave the company a "buy" rating in a research report on Wednesday. Roth Capital increased their target price on MasTec from $210.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Finally, JPMorgan Chase & Co. boosted their price target on MasTec from $180.00 to $214.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, MasTec has an average rating of "Buy" and an average target price of $210.37.

MasTec Price Performance

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 firm's 50-day moving average price is $188.35 and its 200-day moving average price is $162.03. The stock has a market capitalization of $17.35 billion, a PE ratio of 65.04 and a beta of 1.82.

MasTec (NYSE:MTZ - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, equities analysts forecast that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling at MasTec

In other news, COO Robert E. Apple sold 10,000 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the transaction, the chief operating officer owned 194,249 shares of the company's stock, valued at approximately $33,993,575. This represents a 4.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $190.39, for a total value of $571,170.00. Following the completion of the sale, the director owned 35,277 shares of the company's stock, valued at $6,716,388.03. The trade was a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,000 shares of company stock valued at $6,553,250 in the last quarter. 21.30% of the stock is owned by insiders.

Institutional Investors Weigh In On MasTec

Several hedge funds have recently modified their holdings of the business. Aaron Wealth Advisors LLC bought a new position in MasTec in the third quarter worth approximately $264,000. GAMMA Investing LLC increased its holdings in shares of MasTec by 13.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,433 shares of the construction company's stock valued at $305,000 after acquiring an additional 171 shares during the period. Corient Private Wealth LLC bought a new position in shares of MasTec in the 2nd quarter worth $328,000. Caldwell Trust Co purchased a new stake in shares of MasTec during the 2nd quarter worth $29,000. Finally, Osaic Holdings Inc. lifted its stake in shares of MasTec by 71.6% during the 2nd quarter. Osaic Holdings Inc. now owns 30,118 shares of the construction company's stock worth $5,132,000 after purchasing an additional 12,567 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

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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