MasTec, Inc. (NYSE:MTZ) Receives $459.28 Average Price Target from Analysts

Shares of MasTec, Inc. (NYSE:MTZ) have received an average recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $461.0556.

A number of research firms recently weighed in on MTZ. B. Riley Financial restated a “buy” rating on shares of MasTec in a research note on Monday, May 4th. Zacks Research downgraded shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Monday. Mizuho lifted their price target on shares of MasTec from $428.00 to $498.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price target on shares of MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, Guggenheim raised shares of MasTec from a “neutral” rating to a “buy” rating and set a $480.00 price objective on the stock in a research report on Wednesday, May 13th.

Insiders Place Their Bets

In related news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were 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 in the company, valued at approximately $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Wednesday, June 3rd. The shares were 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 in the company, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ascentis Independent Advisors acquired a new stake in shares of MasTec during the 1st quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MasTec in the fourth quarter valued at approximately $30,000. GHP Investment Advisors Inc. acquired a new position in MasTec in the first quarter valued at approximately $65,000. CIBC Private Wealth Group LLC increased its stake in MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after purchasing an additional 186 shares during the last quarter. Finally, Root Financial Partners LLC increased its stake in MasTec by 25.4% in the first quarter. Root Financial Partners LLC now owns 311 shares of the construction company’s stock valued at $100,000 after purchasing an additional 63 shares during the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Trading Down 4.2%

MTZ opened at $374.40 on Friday. MasTec has a 12 month low of $160.08 and a 12 month high of $441.43. The stock has a market capitalization of $29.58 billion, a price-to-earnings ratio of 65.57 and a beta of 1.77. 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 business has a fifty day moving average price of $388.01 and a 200 day moving average price of $315.63.

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, topping the consensus estimate 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 return on equity of 17.15% and a net margin of 2.94%.MasTec’s revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Sell-side analysts expect that MasTec will post 8.5 earnings per share for the current fiscal year.

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.