Truist Financial Forecasts Strong Price Appreciation for MasTec (NYSE:MTZ) Stock

MasTec (NYSE:MTZ) had its target price hoisted by equities researchers at Truist Financial from $270.00 to $356.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective points to a potential upside of 19.54% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Robert W. Baird raised their target price on shares of MasTec from $238.00 to $249.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. KeyCorp reiterated an “overweight” rating and set a $264.00 price objective on shares of MasTec in a research report on Wednesday, January 7th. Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MasTec in a research report on Monday, December 29th. Finally, Cantor Fitzgerald initiated coverage on MasTec in a report on Friday, January 23rd. They set an “overweight” rating and a $274.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $254.47.

MasTec Stock Performance

MTZ opened at $297.81 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65. The firm has a market cap of $23.50 billion, a PE ratio of 58.74 and a beta of 1.94. The business has a fifty day simple moving average of $246.26 and a 200-day simple moving average of $216.84. MasTec has a fifty-two week low of $99.70 and a fifty-two week high of $300.00.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.94 by $0.13. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the prior year, the business posted $1.44 earnings per share. MasTec’s revenue was up 15.8% compared to the same quarter last year. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. As a group, equities analysts predict that MasTec will post 3.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MTZ. Clearwave Capital LLC acquired a new stake in shares of MasTec during the 4th quarter valued at about $492,000. BDFS Capital LLC acquired a new position in MasTec in the fourth quarter worth approximately $547,000. Mariner Investment Group LLC raised its position in MasTec by 806.3% during the fourth quarter. Mariner Investment Group LLC now owns 14,500 shares of the construction company’s stock valued at $3,152,000 after acquiring an additional 12,900 shares in the last quarter. Kera Capital Partners Inc. lifted its stake in MasTec by 15.8% in the fourth quarter. Kera Capital Partners Inc. now owns 2,377 shares of the construction company’s stock valued at $572,000 after acquiring an additional 324 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. bought a new stake in MasTec in the fourth quarter worth approximately $175,000. 78.10% of the stock is owned by institutional investors and hedge funds.

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.