MasTec (NYSE:MTZ) Sets New 12-Month High - Here's What Happened

Key Points

• MasTec shares reached a new 52-week high of $211.78, reflecting significant trading activity and a rise from the previous close of $208.12.
• Wall Street analysts show confidence in MasTec with the majority rating it as a Buy and a consensus target price of $199.95, following substantial adjustments in their price targets.
• In its recent quarterly earnings, MasTec reported $1.49 EPS, exceeding estimates, with a 19.7% increase in quarterly revenue compared to last year.

MasTec, Inc. (NYSE:MTZ - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $211.78 and last traded at $211.78, with a volume of 24305 shares trading hands. The stock had previously closed at $208.12.

Wall Street Analysts Forecast Growth

MTZ has been the subject of several research reports. Truist Financial set a $209.00 price objective on MasTec in a research report on Monday, August 4th. Stifel Nicolaus raised their target price on MasTec from $181.00 to $198.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Baird R W raised MasTec from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 4th. Wall Street Zen cut MasTec from a "strong-buy" rating to a "buy" rating in a research report on Monday. Finally, JPMorgan Chase & Co. raised their target price on MasTec from $180.00 to $214.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $199.95.

MasTec Stock Performance

The company has a market capitalization of $16.61 billion, a price-to-earnings ratio of 62.28 and a beta of 1.81. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19. The stock has a 50 day moving average price of $184.96 and a two-hundred day moving average price of $158.88.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.08. The business had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The firm's quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 earnings per share. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. On average, analysts predict that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Activity at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $190.39, for a total value of $571,170.00. Following the transaction, the director owned 35,277 shares in the company, valued at $6,716,388.03. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total value of $1,806,900.00. Following the transaction, the executive vice president owned 101,349 shares in the company, valued at approximately $18,312,750.81. This trade represents a 8.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,000 shares of company stock worth $6,132,470 over the last 90 days. Insiders own 21.30% of the company's stock.

Hedge Funds Weigh In On MasTec

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caldwell Trust Co bought a new position in shares of MasTec during the 2nd quarter valued at about $29,000. Rothschild Investment LLC lifted its holdings in shares of MasTec by 2,023.1% during the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock valued at $32,000 after purchasing an additional 263 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings 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 valued at $33,000 after purchasing an additional 137 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new position in shares of MasTec during the 1st quarter valued at about $35,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of MasTec during the 2nd quarter valued at about $35,000. 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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