MasTec’s (MTZ) “Buy” Rating Reiterated at B. Riley

B. Riley reaffirmed their buy rating on shares of MasTec (NYSE:MTZ) in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a $165.00 target price on the construction company’s stock, up from their previous target price of $151.00. B. Riley also issued estimates for MasTec’s Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $1.63 EPS, Q3 2025 earnings at $2.12 EPS, Q4 2025 earnings at $0.95 EPS, FY2025 earnings at $4.99 EPS and FY2026 earnings at $5.97 EPS.

Several other research analysts also recently commented on the company. Truist Financial lifted their price target on MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. KeyCorp upped their target price on shares of MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Barclays increased their price target on shares of MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Stifel Nicolaus dropped their price objective on shares of MasTec from $185.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $160.07.

MasTec Trading Down 2.1 %

NYSE:MTZ opened at $123.89 on Wednesday. The company’s 50 day moving average is $135.56 and its 200-day moving average is $132.48. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. MasTec has a 12 month low of $82.29 and a 12 month high of $166.95. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 110.61 and a beta of 1.74.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.28 by $0.08. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.32 billion. Equities analysts anticipate that MasTec will post 3.44 EPS for the current year.

Hedge Funds Weigh In On MasTec

Several institutional investors have recently added to or reduced their stakes in MTZ. Pacer Advisors Inc. boosted its holdings in shares of MasTec by 65.6% in the 3rd quarter. Pacer Advisors Inc. now owns 2,260,865 shares of the construction company’s stock worth $278,312,000 after acquiring an additional 895,227 shares in the last quarter. State Street Corp raised its position in MasTec by 1.4% in the 3rd quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock valued at $224,530,000 after purchasing an additional 24,522 shares during the last quarter. Hood River Capital Management LLC boosted its stake in MasTec by 3.5% in the fourth quarter. Hood River Capital Management LLC now owns 1,531,104 shares of the construction company’s stock worth $208,444,000 after purchasing an additional 51,531 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of MasTec by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,026,295 shares of the construction company’s stock worth $126,370,000 after purchasing an additional 16,844 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of MasTec by 13.3% in the fourth quarter. AQR Capital Management LLC now owns 779,472 shares of the construction company’s stock valued at $106,117,000 after buying an additional 91,564 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

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.