MasTec, Inc. (NYSE:MTZ) Given Average Recommendation of “Buy” by Analysts

Shares of MasTec, Inc. (NYSE:MTZ) have been given a consensus recommendation of “Buy” by the twenty-one analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, nineteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $427.3158.

A number of research analysts recently weighed in on MTZ shares. Guggenheim raised their target price on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Mizuho decreased their price target on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. CICC Research initiated coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price objective for the company. Jefferies Financial Group reissued a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’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 transaction of $2,412,605.00. Following the sale, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of MasTec during the fourth quarter valued at $30,000. Ascentis Independent Advisors bought a new stake in MasTec during the first quarter valued at about $30,000. Bell Investment Advisors Inc purchased a new position in MasTec in the second quarter valued at about $32,000. Transamerica Financial Advisors LLC bought a new position in MasTec in the second quarter worth about $32,000. Finally, CIBC Private Wealth Group LLC lifted its position in shares of MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after buying an additional 186 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Price Performance

NYSE:MTZ opened at $266.89 on Monday. 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 $21.43 billion, a P/E ratio of 42.57 and a beta of 1.82. MasTec has a 12 month low of $171.05 and a 12 month high of $441.43. The business’s 50-day moving average is $337.60 and its 200 day moving average is $337.62.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the company posted $1.49 earnings per share. MasTec’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. On average, equities research analysts forecast that MasTec will post 8.91 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.