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

Key Points

• MasTec was downgraded from a "strong-buy" rating to a "buy" rating by Wall Street Zen, while other brokerage firms increased their price targets and assigned varying ratings.
• The company's stock has experienced significant fluctuations with a 1-year low of $99.70 and a high of $221.83, currently opening at $202.01.
• MasTec reported a quarterly earnings result of $1.49 per share, exceeding analysts' estimates, and had a revenue of $3.55 billion, reflecting a 19.7% increase year-over-year.

MasTec (NYSE:MTZ - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Sunday.

A number of other brokerages also recently weighed in on MTZ. KeyCorp upped their price target on shares of MasTec from $196.00 to $205.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Mizuho initiated coverage on shares of MasTec in a research report on Thursday, September 4th. They set an "outperform" rating and a $215.00 price objective for the company. Zacks Research cut shares of MasTec from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 3rd. DA Davidson set a $210.00 price objective on shares of MasTec and gave the stock a "buy" rating in a research report on Monday, August 4th. Finally, Guggenheim reiterated a "neutral" rating and set a $215.00 price objective on shares of MasTec in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $216.63.

MasTec Stock Performance

Shares of MasTec stock opened at $202.01 on Friday. The company has a 50 day moving average of $193.19 and a 200-day moving average of $167.67. MasTec has a 1-year low of $99.70 and a 1-year 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. The company has a market cap of $15.94 billion, a PE ratio of 59.77 and a beta of 1.82.

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly 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. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The company 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 posted $0.96 EPS. The firm's quarterly revenue 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. As a group, equities research analysts forecast that MasTec will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling at MasTec

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $200.44, for a total transaction of $2,004,400.00. Following the completion of the transaction, the chief operating officer owned 184,249 shares of the company's stock, valued at approximately $36,930,869.56. This trade represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,000 shares of company stock worth $4,803,250. 21.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MasTec

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTZ. Brighton Jones LLC acquired a new position in MasTec in the 4th quarter valued at approximately $227,000. GAMMA Investing LLC increased 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 acquiring an additional 278 shares during the period. State of Alaska Department of Revenue increased its position in MasTec by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 7,213 shares of the construction company's stock valued at $841,000 after acquiring an additional 190 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of MasTec by 37.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,410 shares of the construction company's stock worth $1,915,000 after buying an additional 4,469 shares during the period. Finally, Ausbil Investment Management Ltd increased its position in shares of MasTec by 27.2% during the first quarter. Ausbil Investment Management Ltd now owns 5,246 shares of the construction company's stock worth $612,000 after buying an additional 1,123 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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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