DA Davidson Weighs in on MasTec, Inc.’s FY2025 Earnings (NYSE:MTZ)

MasTec, Inc. (NYSE:MTZ) – Investment analysts at DA Davidson upped their FY2025 earnings per share estimates for shares of MasTec in a report issued on Tuesday, August 6th. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $4.26 for the year, up from their previous estimate of $4.21. DA Davidson has a “Buy” rating and a $125.00 price objective on the stock. The consensus estimate for MasTec’s current full-year earnings is $2.59 per share.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, August 1st. The construction company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.09. MasTec had a return on equity of 6.44% and a net margin of 0.06%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the business earned $0.81 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis.

A number of other equities analysts have also weighed in on the company. Stifel Nicolaus lifted their price objective on MasTec from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Truist Financial restated a “hold” rating and issued a $112.00 target price (up previously from $109.00) on shares of MasTec in a research report on Monday, August 5th. TD Cowen boosted their price target on MasTec from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Craig Hallum raised their price objective on MasTec from $96.00 to $125.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, StockNews.com upgraded shares of MasTec from a “hold” rating to a “buy” rating in a research report on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, MasTec has an average rating of “Moderate Buy” and a consensus price target of $117.50.

MasTec Stock Performance

Shares of NYSE:MTZ traded down $1.67 during trading on Thursday, hitting $106.65. The stock had a trading volume of 794,153 shares, compared to its average volume of 888,495. The company has a quick ratio of 1.27, a current ratio of 1.31 and a debt-to-equity ratio of 0.94. The stock has a 50-day simple moving average of $106.64 and a two-hundred day simple moving average of $94.16. MasTec has a 12-month low of $44.65 and a 12-month high of $113.12. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of -761.79 and a beta of 1.65.

Insider Buying and Selling at MasTec

In related news, Director C Robert Campbell sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $110.00, for a total value of $220,000.00. Following the completion of the transaction, the director now directly owns 50,725 shares in the company, valued at $5,579,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other MasTec news, Director C Robert Campbell sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $110.00, for a total value of $220,000.00. Following the transaction, the director now owns 50,725 shares of the company’s stock, valued at $5,579,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Javier Alberto Palomarez sold 2,850 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $106.67, for a total transaction of $304,009.50. Following the transaction, the director now directly owns 10,666 shares of the company’s stock, valued at approximately $1,137,742.22. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by company insiders.

Institutional Trading of MasTec

A number of large investors have recently modified their holdings of the stock. Hobbs Group Advisors LLC acquired a new position in MasTec during the 2nd quarter worth approximately $27,000. Quarry LP purchased a new stake in shares of MasTec during the 4th quarter worth $37,000. GAMMA Investing LLC lifted its position in shares of MasTec by 64.9% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock worth $39,000 after purchasing an additional 144 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of MasTec during the second quarter worth $40,000. Finally, Bessemer Group Inc. increased its holdings in MasTec by 5,436.4% in the first quarter. Bessemer Group Inc. now owns 609 shares of the construction company’s stock valued at $57,000 after buying an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

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.