Truist Financial Reaffirms “Buy” Rating for MasTec (NYSE:MTZ)

MasTec (NYSE:MTZ)‘s stock had its “buy” rating reiterated by analysts at Truist Financial in a research report issued on Monday,Benzinga reports. They presently have a $428.00 price target on the construction company’s stock, down from their prior price target of $550.00. Truist Financial’s price target points to a potential upside of 63.65% from the stock’s previous close.

Several other equities research analysts also recently commented on MTZ. Weiss Ratings raised shares of MasTec from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Mizuho lifted their price target on MasTec from $498.00 to $502.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Stifel Nicolaus set a $455.00 price objective on MasTec in a research note on Monday, May 4th. Finally, B. Riley Financial restated a “buy” rating on shares of MasTec in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $440.00.

MasTec Stock Down 0.6%

Shares of MTZ traded down $1.57 during trading hours on Monday, reaching $261.53. The stock had a trading volume of 174,253 shares, compared to its average volume of 1,077,870. The firm has a 50-day simple moving average of $365.55 and a 200 day simple moving average of $333.95. MasTec has a 12 month low of $167.66 and a 12 month high of $441.43. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $21.00 billion, a price-to-earnings ratio of 41.93 and a beta of 1.82.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the company posted $1.49 EPS. The business’s quarterly revenue was up 23.4% on a year-over-year basis. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Equities research analysts predict that MasTec will post 9.18 earnings per share for the current fiscal year.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the transaction, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 21.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its stake in MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after purchasing an additional 1,690,896 shares during the period. Peconic Partners LLC raised its stake in shares of MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after purchasing an additional 850,000 shares during the period. Coatue Management LLC bought a new stake in shares of MasTec during the 4th quarter worth $147,357,000. Merewether Investment Management LP raised its stake in shares of MasTec by 59.8% during the 3rd quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock worth $184,557,000 after purchasing an additional 324,500 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of MasTec by 71.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock worth $155,965,000 after buying an additional 304,358 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

About MasTec

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.