MasTec, Inc. (NYSE:MTZ) Given Consensus Recommendation of “Buy” by Analysts

by · The Cerbat Gem

MasTec, Inc. (NYSE:MTZ – Get Free Report) has received a consensus recommendation of “Buy” from the twenty research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $196.2222.

A number of analysts have weighed in on MTZ shares. Stifel Nicolaus increased their price target on shares of MasTec from $181.00 to $198.00 and gave the company a “buy” rating in a report on Monday, August 4th. Baird R W upgraded MasTec from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 4th. Mizuho started coverage on MasTec in a research report on Thursday. They issued an “outperform” rating and a $215.00 price objective for the company. TD Cowen raised their price objective on MasTec from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded MasTec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd.

Read Our Latest Stock Analysis on MTZ

Insider Buying and Selling

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of the firm’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 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 approximately $18,312,750.81. This trade represents a 8.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert E. Apple sold 10,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer directly owned 194,249 shares of the company’s stock, valued at approximately $33,993,575. The trade was a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MasTec

Hedge funds have recently modified their holdings of the stock. Colonial Trust Co SC raised its holdings in shares of MasTec by 335.7% in the 4th quarter. Colonial Trust Co SC now owns 183 shares of the construction company’s stock worth $25,000 after buying an additional 141 shares in the last quarter. Rothschild Investment LLC raised its holdings in shares of MasTec by 2,023.1% in the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company’s stock worth $32,000 after buying an additional 263 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of MasTec by 253.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock worth $33,000 after buying an additional 137 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of MasTec in the 1st quarter worth approximately $35,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of MasTec in the 2nd quarter worth approximately $35,000. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Price Performance

Shares of NYSE:MTZ opened at $178.07 on Monday. The business has a 50 day moving average price of $177.81 and a 200 day moving average price of $151.25. MasTec has a twelve month low of $96.01 and a twelve month high of $194.00. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 52.68 and a beta of 1.81. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70.

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, 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 firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the prior year, the firm earned $0.96 EPS. The business’s 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. Research analysts predict that MasTec will post 3.44 earnings per share for the current year.

MasTec Company Profile

(Get Free Report)

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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