MasTec (NYSE:MTZ) Trading 8.7% Higher - Still a Buy?

Key Points

• MasTec, Inc. shares traded up 8.7% to a high of $190.17 during mid-day trading, following a previous close of $174.99.
• Analysts have set a consensus price target of $196.22 for MasTec, with several firms reiterating their "buy" ratings amid positive earnings projections.
• Insider transactions revealed significant selling activity, with executives reducing their positions by 8.98% and 4.90% respectively, while institutional investors hold 78.10% of the stock.

Shares of MasTec, Inc. (NYSE:MTZ - Get Free Report) traded up 8.7% during mid-day trading on Wednesday . The company traded as high as $189.81 and last traded at $190.17. 778,406 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 1,027,437 shares. The stock had previously closed at $174.99.

Analysts Set New Price Targets

MTZ has been the subject of a number of recent analyst reports. DA Davidson set a $210.00 price target on MasTec and gave the stock a "buy" rating in a report on Monday, August 4th. Citigroup decreased their price target on MasTec from $220.00 to $219.00 and set a "buy" rating for the company in a report on Monday, August 4th. Barclays reissued an "overweight" rating and set a $200.00 target price (up from $145.00) on shares of MasTec in a research note on Monday, July 21st. Jefferies Financial Group initiated coverage on shares of MasTec in a research report on Friday, May 16th. They set a "buy" rating and a $188.00 target price on the stock. 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 given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $196.22.

MasTec Stock Up 8.7%

The stock has a market capitalization of $15.01 billion, a price-to-earnings ratio of 56.29 and a beta of 1.81. The firm's fifty day moving average is $178.06 and its 200-day moving average is $151.77. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating 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 business 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% 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, sell-side analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current year.

Insider Buying and Selling

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of the 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 sale, the executive vice president owned 101,349 shares in the company, valued at $18,312,750.81. This represents a 8.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total value 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. This trade represents a 4.90% decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in MasTec by 163.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company's stock worth $121,843,000 after purchasing an additional 648,184 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of MasTec by 370.0% in the second quarter. Qube Research & Technologies Ltd now owns 506,857 shares of the construction company's stock valued at $86,384,000 after acquiring an additional 399,007 shares in the last quarter. Merewether Investment Management LP purchased a new position in MasTec in the fourth quarter valued at about $46,612,000. Ameriprise Financial Inc. boosted its position in MasTec by 171.2% during the first quarter. Ameriprise Financial Inc. now owns 390,764 shares of the construction company's stock worth $45,607,000 after purchasing an additional 246,666 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of MasTec by 4.1% in the second quarter. Vanguard Group Inc. now owns 5,972,293 shares of the construction company's stock worth $1,017,858,000 after buying an additional 234,594 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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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