MasTec (NYSE:MTZ) Raised to Buy at Guggenheim

MasTec (NYSE:MTZ) was upgraded by investment analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, MarketBeat reports. The firm presently has a $480.00 price objective on the construction company’s stock. Guggenheim’s target price would suggest a potential upside of 14.22% from the stock’s current price.

A number of other analysts also recently issued reports on MTZ. Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Zacks Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Stifel Nicolaus set a $455.00 price target on shares of MasTec in a research report on Monday, May 4th. Mizuho boosted their price objective on MasTec from $428.00 to $498.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings lowered MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Eighteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $449.53.

MasTec Stock Down 0.3%

MTZ stock opened at $420.26 on Wednesday. The firm has a market capitalization of $33.21 billion, a PE ratio of 73.60 and a beta of 1.82. The company’s 50 day simple moving average is $344.47 and its 200-day simple moving average is $269.65. MasTec has a 12 month low of $145.46 and a 12 month high of $441.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm posted $0.51 EPS. MasTec’s revenue 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. Equities analysts expect that MasTec will post 8.52 earnings per share for the current fiscal year.

Insider Transactions at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the transaction, the director owned 30,646 shares of the company’s stock, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the transaction, the director directly owned 10,592 shares in the company, valued at $3,446,954.56. This represents a 8.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 10,450 shares of company stock worth $3,512,759. Insiders own 21.40% of the company’s stock.

Hedge Funds Weigh In On MasTec

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in MasTec during the fourth quarter valued at $227,000. NewEdge Advisors LLC increased its position in MasTec by 32.6% in the 1st quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock worth $514,000 after purchasing an additional 1,083 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of MasTec during the 2nd quarter worth about $271,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after purchasing an additional 182 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of MasTec by 793.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock valued at $175,000 after buying an additional 912 shares during the last quarter. 78.10% of the stock is currently 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.