Analysts Set MasTec, Inc. (NYSE:MTZ) PT at $459.28

Shares of MasTec, Inc. (NYSE:MTZ) have earned an average recommendation of “Buy” from the twenty-one ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $459.2778.

A number of brokerages have recently commented on MTZ. Robert W. Baird lifted their target price on MasTec from $348.00 to $473.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Stifel Nicolaus set a $455.00 target price on shares of MasTec in a research note on Monday, May 4th. Roth Mkm restated a “buy” rating and issued a $450.00 target price on shares of MasTec in a report on Monday, May 4th. Weiss Ratings upgraded shares of MasTec from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Finally, CICC Research began coverage on shares of MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective for the company.

Insider Buying and Selling at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $417.00, for a total value of $1,251,000.00. Following the transaction, the director directly owned 30,646 shares in the company, valued at $12,779,382. This represents a 8.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Javier Alberto Palomarez sold 950 shares of the firm’s 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 transaction, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,450 shares of company stock valued at $3,972,764 in the last quarter. 21.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of MasTec by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock worth $1,278,391,000 after buying an additional 34,899 shares in the last quarter. Victory Capital Management Inc. lifted its stake in MasTec by 178.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after acquiring an additional 1,690,896 shares during the period. Peconic Partners LLC grew its holdings in 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 acquiring an additional 850,000 shares in the last quarter. First Trust Advisors LP grew its holdings in MasTec by 7.6% during the 1st quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock worth $454,163,000 after acquiring an additional 100,151 shares in the last quarter. Finally, Bank of America Corp DE increased its position in MasTec by 6.0% during the 1st quarter. Bank of America Corp DE now owns 1,330,066 shares of the construction company’s stock valued at $427,935,000 after purchasing an additional 75,100 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Stock Performance

NYSE:MTZ opened at $353.72 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The company has a market cap of $27.95 billion, a price-to-earnings ratio of 61.95 and a beta of 1.77. MasTec has a 1 year low of $153.82 and a 1 year high of $441.43. The stock’s 50 day simple moving average is $376.33 and its two-hundred day simple moving average is $295.22.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. MasTec’s revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, equities analysts anticipate that MasTec will post 8.51 earnings per share for the current fiscal year.

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.