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

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

MTZ has been the topic of a number of research reports. Roth Mkm reaffirmed a “buy” rating and issued a $450.00 price target on shares of MasTec in a research note on Monday, May 4th. DA Davidson upped their price objective on shares of MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. TD Cowen increased their price objective on shares of MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a report on Monday, May 4th. Wolfe Research reiterated an “outperform” rating and issued a $326.00 price objective on shares of MasTec in a report on Monday, March 2nd. Finally, Barclays increased their price objective on shares of MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st.

MasTec Trading Up 1.0%

Shares of MasTec stock opened at $365.74 on Wednesday. The firm has a market capitalization of $28.90 billion, a PE ratio of 64.05 and a beta of 1.77. MasTec has a twelve month low of $153.82 and a twelve month high of $441.43. The firm’s 50-day moving average price is $370.14 and its 200 day moving average price is $288.02. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

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, beating analysts’ consensus estimates of $0.98 by $0.41. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. MasTec’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period last year, the company posted $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. On average, sell-side analysts predict that MasTec will post 8.51 EPS for the current fiscal year.

Insider Transactions at MasTec

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the sale, the director owned 10,592 shares in the company, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated 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 sale, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. The trade was a 8.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 21.40% of the stock is currently owned by corporate insiders.

Institutional Trading of MasTec

A number of hedge funds and other institutional investors have recently made changes to their positions in MTZ. Optiver Holding B.V. boosted its position in MasTec by 4,153.8% in the 1st quarter. Optiver Holding B.V. now owns 553 shares of the construction company’s stock valued at $178,000 after buying an additional 540 shares during the period. Glenmede Trust Co. NA purchased a new position in MasTec in the 1st quarter valued at approximately $477,000. CTC Alternative Strategies Ltd. purchased a new position in MasTec in the 1st quarter valued at approximately $521,000. Arete Wealth Advisors LLC purchased a new position in MasTec in the 1st quarter valued at approximately $3,938,000. Finally, Bank of America Corp DE boosted its position in MasTec by 6.0% in 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 buying an additional 75,100 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

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.