Truist Financial Cuts MasTec (NYSE:MTZ) Price Target to $380.00

MasTec (NYSE:MTZ) had its price target reduced by Truist Financial from $428.00 to $380.00 in a research report sent to investors on Monday,Benzinga reports. Truist Financial currently has a buy rating on the construction company’s stock.

A number of other brokerages also recently issued reports on MTZ. UBS Group reduced their price target on shares of MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. KeyCorp dropped their price objective on shares of MasTec from $500.00 to $371.00 and set an “overweight” rating for the company in a report on Monday, August 3rd. Citigroup cut their price objective on MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Cantor Fitzgerald lifted their target price on MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Piper Sandler reduced their target price on MasTec from $321.00 to $313.00 and set a “neutral” rating on the stock in a report on Monday, September 28th. Nineteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $408.95.

MasTec Trading Down 2.0%

MTZ stock opened at $223.83 on Monday. MasTec has a 1-year low of $182.34 and a 1-year high of $441.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The company has a market capitalization of $17.98 billion, a price-to-earnings ratio of 35.70 and a beta of 1.84. The business has a 50 day simple moving average of $245.18 and a two-hundred day simple moving average of $325.15.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share (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 company had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the business earned $1.49 earnings per share. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Research analysts anticipate that MasTec will post 8.89 EPS for the current fiscal year.

Institutional Trading of MasTec

A number of large investors have recently made changes to their positions in the business. Venture Visionary Partners LLC raised its position in shares of MasTec by 9.1% during the 3rd quarter. Venture Visionary Partners LLC now owns 5,937 shares of the construction company’s stock valued at $1,268,000 after buying an additional 496 shares in the last quarter. QRG Capital Management Inc. increased its stake in MasTec by 87.2% during the second quarter. QRG Capital Management Inc. now owns 2,623 shares of the construction company’s stock worth $1,091,000 after acquiring an additional 1,222 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in MasTec by 22.3% during the second quarter. Sequoia Financial Advisors LLC now owns 24,540 shares of the construction company’s stock worth $10,210,000 after acquiring an additional 4,482 shares during the last quarter. Tidal Investments LLC raised its position in MasTec by 114.9% during the second quarter. Tidal Investments LLC now owns 67,844 shares of the construction company’s stock valued at $28,227,000 after purchasing an additional 36,276 shares during the period. Finally, NewEdge Advisors LLC raised its position in MasTec by 157.6% during the second quarter. NewEdge Advisors LLC now owns 8,841 shares of the construction company’s stock valued at $3,678,000 after purchasing an additional 5,409 shares during the period. 78.10% of the stock is currently owned by institutional investors.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides installation, maintenance and upgrade services for communications, energy and utility networks. Its communications work includes wireless and wireline infrastructure, fiber-optic networks, broadband systems and related engineering and construction services.

The company also supports the development and maintenance of energy infrastructure. Its activities include construction services for renewable energy projects, power transmission and distribution systems, natural gas and oil pipelines, and other industrial infrastructure.