TD Cowen Issues Positive Forecast for MasTec (NYSE:MTZ) Stock Price

MasTec (NYSE:MTZ) had its price objective hoisted by analysts at TD Cowen from $320.00 to $445.00 in a report released on Monday. The firm currently has a “buy” rating on the construction company’s stock. TD Cowen’s price objective indicates a potential upside of 6.55% from the company’s previous close.

Other analysts have also issued reports about the company. UBS Group lifted their price target on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of MasTec in a report on Friday, March 27th. KeyCorp reiterated an “overweight” rating and set a $460.00 price target on shares of MasTec in a report on Monday. Citigroup lifted their price target on MasTec from $350.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Truist Financial lifted their price target on MasTec from $356.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $356.83.

MasTec Stock Performance

Shares of MasTec stock opened at $417.65 on Monday. The business’s fifty day simple moving average is $328.15 and its 200 day simple moving average is $260.37. The firm has a market capitalization of $32.92 billion, a P/E ratio of 73.14 and a beta of 1.82. MasTec has a 12 month low of $136.88 and a 12 month high of $418.13. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.MasTec’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. 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, analysts anticipate that MasTec will post 8.2 EPS for the current year.

Insider Buying and Selling at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the completion of the transaction, the director directly owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This represents a 27.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the transaction, the director directly owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MasTec

Institutional investors and hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC grew its holdings in MasTec by 344.4% during the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after purchasing an additional 93 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of MasTec in the fourth quarter worth $30,000. Ascentis Independent Advisors bought a new position in shares of MasTec in the first quarter worth $30,000. Root Financial Partners LLC bought a new position in shares of MasTec in the third quarter worth $49,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after acquiring an additional 186 shares during the period. 78.10% of the stock is owned by 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.