MasTec (NYSE:MTZ) Sets New 52-Week High - What's Next?

Key Points

• MasTec, Inc. reached a new 52-week high on Tuesday, trading as high as $194.00 and last closing at $193.07.
• JPMorgan Chase & Co. increased their price target for MasTec from $180.00 to $214.00, while other analysts have generally rated the stock as a Buy or Strong Buy.
• MasTec reported $1.49 earnings per share for the last quarter, exceeding estimates and showing a 19.7% year-over-year revenue growth.

MasTec, Inc. (NYSE:MTZ - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $194.00 and last traded at $193.07, with a volume of 1492 shares traded. The stock had previously closed at $193.25.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of MasTec from $180.00 to $214.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Wall Street Zen cut shares of MasTec from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Stifel Nicolaus lifted their price target on shares of MasTec from $181.00 to $198.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. TD Cowen lifted their price target on shares of MasTec from $175.00 to $195.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Finally, Baird R W raised shares of MasTec from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, MasTec currently has a consensus rating of "Buy" and a consensus price target of $196.22.

MasTec Stock Performance

The firm's 50-day simple moving average is $179.62 and its 200-day simple moving average is $153.66. The company has a market capitalization of $15.00 billion, a PE ratio of 56.25 and a beta of 1.81. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70.

MasTec (NYSE:MTZ - Get Free Report) last announced 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 analysts' expectations of $3.40 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The company's 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. On average, research analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current year.

Insider Activity at MasTec

In related news, COO Robert E. Apple sold 10,000 shares of the business's 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 in the company, valued at $33,993,575. The trade was a 4.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Cardenas Alberto De sold 10,000 shares of the business's 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 owned 101,349 shares of the company's stock, 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. 21.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Osaic Holdings Inc. raised 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 acquiring an additional 12,567 shares in the last quarter. American Trust bought a new position in shares of MasTec during the 2nd quarter worth approximately $202,000. Geneos Wealth Management Inc. raised its stake in shares of MasTec by 62.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,242 shares of the construction company's stock worth $212,000 after acquiring an additional 478 shares in the last quarter. FORA Capital LLC bought a new position in shares of MasTec during the 2nd quarter worth approximately $1,717,000. Finally, Headlands Technologies LLC raised its stake in shares of MasTec by 1,544.7% during the 2nd quarter. Headlands Technologies LLC now owns 1,694 shares of the construction company's stock worth $289,000 after acquiring an additional 1,591 shares in the last quarter. 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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