MasTec (MTZ) – Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of MasTec (NYSE: MTZ) in the last few weeks:

• 1/28/2025 – MasTec had its price target raised by analysts at JPMorgan Chase & Co. from $154.00 to $172.00. They now have an “overweight” rating on the stock.
• 1/22/2025 – MasTec had its price target raised by analysts at Stifel Nicolaus from $155.00 to $185.00. They now have a “buy” rating on the stock.
• 1/8/2025 – MasTec had its price target raised by analysts at KeyCorp from $153.00 to $168.00. They now have an “overweight” rating on the stock.
• 1/8/2025 – MasTec is now covered by analysts at Guggenheim. They set a “buy” rating and a $195.00 price target on the stock.
• 12/19/2024 – MasTec had its price target raised by analysts at Truist Financial Co. from $173.00 to $189.00. They now have a “buy” rating on the stock.
• 12/11/2024 – MasTec had its price target raised by analysts at Stifel Nicolaus from $153.00 to $155.00. They now have a “buy” rating on the stock.

MasTec Price Performance

NYSE:MTZ traded up $2.63 during mid-day trading on Tuesday, reaching $133.47. 671,419 shares of the company were exchanged, compared to its average volume of 951,672. MasTec, Inc. has a 12 month low of $64.39 and a 12 month high of $166.95. The stock has a market cap of $10.58 billion, a PE ratio of 119.17 and a beta of 1.74. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average of $143.19 and a 200 day moving average of $126.64.

Insider Transactions at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total transaction of $435,000.00. Following the sale, the director now directly owns 42,478 shares in the company, valued at $6,159,310. This represents a 6.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Robert E. Apple sold 19,023 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $135.63, for a total transaction of $2,580,089.49. Following the completion of the transaction, the chief operating officer now owns 197,202 shares of the company’s stock, valued at approximately $26,746,507.26. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,023 shares of company stock worth $4,515,089 in the last quarter. 21.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in shares of MasTec during the third quarter valued at approximately $25,000. Ameliora Wealth Management Ltd. bought a new position in MasTec in the fourth quarter valued at about $25,000. R Squared Ltd bought a new position in shares of MasTec in the fourth quarter worth about $44,000. UMB Bank n.a. grew its position in shares of MasTec by 46.3% during the third quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock worth $47,000 after purchasing an additional 120 shares in the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of MasTec during the third quarter worth about $57,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

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.