MasTec (NYSE:MTZ) Lowered to Buy Rating by Wall Street Zen

Key Points

• MasTec was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting a shift in analyst sentiment.
• Goldman Sachs raised its price target for MasTec shares from $195.00 to $227.00, highlighting growing confidence in the company's prospects.
• MasTec's recent quarterly earnings surpassed expectations, with $1.49 per share reported against an estimate of $1.41, indicating a strong revenue growth of 19.7% year-over-year.

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 Saturday.

MTZ has been the subject of several other research reports. The Goldman Sachs Group upped their price objective on shares of MasTec from $195.00 to $227.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Truist Financial set a $209.00 price objective on shares of MasTec in a research note on Monday, August 4th. 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 research note on Monday, August 4th. TD Cowen upped their price objective on shares of MasTec from $175.00 to $195.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of MasTec from $180.00 to $214.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $196.22.

MasTec Stock Up 0.3%

MTZ opened at $189.74 on Friday. MasTec has a twelve month low of $99.70 and a twelve month high of $194.00. 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 company has a 50-day moving average price of $179.19 and a 200 day moving average price of $152.90. The company has a market cap of $14.97 billion, a PE ratio of 56.14 and a beta of 1.81.

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, topping the consensus estimate of $1.41 by $0.08. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the firm earned $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. Sell-side analysts expect that MasTec will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Robert E. Apple sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chief operating officer owned 194,249 shares of the company's stock, valued at approximately $33,993,575. This trade represents a 4.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of the 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 transaction, the executive vice president directly owned 101,349 shares of the company's stock, valued at $18,312,750.81. The trade was a 8.98% decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.30% of the company's stock.

Hedge Funds Weigh In On MasTec

A number of hedge funds have recently made changes to their positions in MTZ. LPL Financial LLC boosted its position in MasTec by 535.1% in the 1st quarter. LPL Financial LLC now owns 130,314 shares of the construction company's stock valued at $15,209,000 after buying an additional 109,794 shares during the period. KBC Group NV boosted its position in MasTec by 10.6% in the 1st quarter. KBC Group NV now owns 2,773 shares of the construction company's stock valued at $324,000 after buying an additional 266 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in MasTec by 37.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,410 shares of the construction company's stock valued at $1,915,000 after buying an additional 4,469 shares during the period. GAMMA Investing LLC boosted its position in MasTec by 43.6% in the 1st quarter. GAMMA Investing LLC now owns 915 shares of the construction company's stock valued at $107,000 after buying an additional 278 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in MasTec by 33.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,253 shares of the construction company's stock valued at $263,000 after buying an additional 565 shares during the period. Hedge funds and other institutional investors 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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