MasTec (NYSE:MTZ) Raised to “Strong-Buy” at B. Riley

B. Riley upgraded shares of MasTec (NYSE:MTZ) to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports. B. Riley also issued estimates for MasTec’s Q1 2025 earnings at $0.26 EPS and FY2026 earnings at $5.97 EPS.

A number of other equities research analysts have also commented on MTZ. Barclays upped their price objective on shares of MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Stifel Nicolaus decreased their price target on MasTec from $185.00 to $175.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Robert W. Baird dropped their price objective on MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. KeyCorp lifted their target price on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, Citigroup increased their price target on MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

MasTec Stock Performance

NYSE MTZ opened at $126.75 on Tuesday. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of 113.17 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. MasTec has a twelve month low of $82.29 and a twelve month high of $166.95. The stock has a fifty day simple moving average of $135.98 and a 200 day simple moving average of $132.40.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.08. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.32 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. Sell-side analysts expect that MasTec will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Atria Investments Inc bought a new position in MasTec in the 3rd quarter valued at about $302,000. Victory Capital Management Inc. raised its stake in shares of MasTec by 0.8% in the third quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company’s stock worth $1,583,000 after purchasing an additional 101 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of MasTec by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company’s stock valued at $281,000 after purchasing an additional 82 shares in the last quarter. Quest Partners LLC boosted its position in shares of MasTec by 360,900.0% during the third quarter. Quest Partners LLC now owns 7,220 shares of the construction company’s stock valued at $889,000 after buying an additional 7,218 shares during the last quarter. Finally, Caprock Group LLC grew its holdings in MasTec by 13.4% during the third quarter. Caprock Group LLC now owns 2,999 shares of the construction company’s stock worth $369,000 after buying an additional 354 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

MasTec Company Profile

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.