MasTec, Inc. (NYSE:MTZ) Receives $459.28 Average PT from Analysts

MasTec, Inc. (NYSE:MTZ) has earned a consensus rating of “Buy” from the twenty-one brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $459.2778.

MTZ has been the subject of a number of analyst reports. Truist Financial increased their target price on MasTec from $425.00 to $518.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Stifel Nicolaus set a $455.00 price objective on MasTec in a report on Monday, May 4th. Roth Mkm reiterated a “buy” rating and issued a $450.00 price objective on shares of MasTec in a research report on Monday, May 4th. Cantor Fitzgerald raised their target price on MasTec from $347.00 to $545.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Finally, DA Davidson boosted their target price on shares of MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd.

MasTec Stock Down 0.1%

Shares of NYSE:MTZ opened at $363.70 on Wednesday. MasTec has a fifty-two week low of $153.82 and a fifty-two week high of $441.43. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The firm’s 50-day simple moving average is $374.48 and its 200-day simple moving average is $292.95. The company has a market cap of $28.74 billion, a price-to-earnings ratio of 63.70 and a beta of 1.77.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the company posted $0.51 earnings per share. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. As a group, equities research analysts predict that MasTec will post 8.51 earnings per share for the current year.

Insider Activity at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the sale, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the transaction, the director owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,450 shares of company stock worth $3,972,764 over the last 90 days. Company insiders own 21.40% of the company’s stock.

Hedge Funds Weigh In On MasTec

Several hedge funds have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in MasTec in the fourth quarter valued at $30,000. Ascentis Independent Advisors acquired a new position in shares of MasTec during the 1st quarter worth $30,000. CIBC Private Wealth Group LLC boosted its position in shares of MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after acquiring an additional 182 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in MasTec in the 1st quarter valued at about $65,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.