Wall Street Zen Upgrades MasTec (NYSE:MTZ) to "Strong-Buy"

Key Points

• MasTec has been upgraded to a "Strong-Buy" rating by Wall Street Zen, reflecting increased confidence in the stock's future performance.
• Several other analysts have also raised their price targets for MasTec, with estimates ranging from $205.00 to $252.00, indicating strong market support.
• The company's latest quarterly earnings exceeded expectations, with a reported $1.49 EPS compared to analyst estimates of $1.41, demonstrating solid revenue growth.

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

Several other analysts have also recently commented on the company. Wolfe Research upgraded MasTec from a "peer perform" rating to an "outperform" rating and set a $227.00 price target for the company in a report on Wednesday, September 17th. KeyCorp lifted their price target on MasTec from $196.00 to $205.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Truist Financial lifted their price target on MasTec from $209.00 to $248.00 and gave the company a "buy" rating in a report on Wednesday. Weiss Ratings restated a "hold (c)" rating on shares of MasTec in a report on Wednesday. Finally, Jefferies Financial Group lifted their price target on MasTec from $218.00 to $252.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $214.47.

MasTec Trading Down 7.0%

MasTec stock opened at $195.37 on Friday. The stock has a market cap of $15.42 billion, a PE ratio of 57.80 and a beta of 1.82. The stock has a 50-day moving average price of $190.87 and a 200 day moving average price of $164.41. MasTec has a 52 week low of $99.70 and a 52 week 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.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.08. The firm had revenue of $3.55 billion during 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 posted $0.96 EPS. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Equities research analysts predict that MasTec will post 3.44 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $175.00, for a total value of $1,750,000.00. Following the transaction, the chief operating officer directly owned 194,249 shares of the company's stock, valued at $33,993,575. The trade was a 4.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Cardenas Alberto De sold 10,000 shares of MasTec stock in a transaction dated 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 $18,312,750.81. This represents a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,000 shares of company stock valued at $6,553,250 in the last three months. Corporate insiders own 21.30% of the company's stock.

Hedge Funds Weigh In On MasTec

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CHICAGO TRUST Co NA acquired a new position in MasTec during the 3rd quarter worth approximately $321,000. Wedge Capital Management L L P NC lifted its position in MasTec by 9.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 42,903 shares of the construction company's stock worth $9,130,000 after acquiring an additional 3,591 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in MasTec during the 3rd quarter worth approximately $43,000. Whalen Wealth Management Inc. acquired a new position in MasTec during the 3rd quarter worth approximately $532,000. Finally, Sheets Smith Investment Management acquired a new position in MasTec during the 3rd quarter worth approximately $854,000. 78.10% of the stock is 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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