MasTec, Inc. (NYSE:MTZ) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

MasTec, Inc. (NYSE:MTZ) has been given a consensus recommendation of “Moderate Buy” by the twenty-two research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $401.45.

Several research analysts have recently weighed in on the company. Truist Financial decreased their price target on MasTec from $428.00 to $380.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Morgan Stanley set a $369.00 price objective on MasTec in a research report on Friday, July 31st. The Goldman Sachs Group reduced their price objective on MasTec from $508.00 to $409.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. TD Cowen decreased their target price on MasTec from $420.00 to $320.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Finally, Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th.

MasTec Price Performance

Shares of MTZ opened at $212.52 on Tuesday. The company has a market capitalization of $17.07 billion, a P/E ratio of 33.89 and a beta of 1.84. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $241.99 and a 200 day moving average of $323.78. MasTec has a twelve month low of $182.34 and a twelve month high of $441.43.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company posted $1.49 earnings per share. The business’s 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. As a group, equities research analysts anticipate that MasTec will post 8.87 earnings per share for the current fiscal year.

Institutional Trading of MasTec

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in MasTec during the second quarter valued at approximately $3,178,069,000. Hill City Capital LP purchased a new stake in MasTec in the second quarter worth approximately $896,609,300. Victory Capital Management Inc. boosted its holdings in MasTec by 178.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after purchasing an additional 1,690,896 shares during the last quarter. Bank of America Corp DE bought a new stake in MasTec in the 2nd quarter worth approximately $555,825,000. Finally, Bank of New York Mellon Corp bought a new stake in MasTec in the 2nd quarter worth approximately $280,544,000. 78.10% of the stock is currently owned by institutional investors.

About MasTec

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.