DA Davidson Analysts Increase Earnings Estimates for MasTec

MasTec, Inc. (NYSE:MTZ) – Equities researchers at DA Davidson upped their FY2026 earnings per share (EPS) estimates for shares of MasTec in a research report issued to clients and investors on Monday, August 4th. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings of $6.93 per share for the year, up from their previous forecast of $6.12. DA Davidson has a “Buy” rating and a $210.00 price objective on the stock. The consensus estimate for MasTec’s current full-year earnings is $3.44 per share.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter last year, the business earned $0.96 earnings per share. MasTec’s revenue was up 19.7% on a year-over-year basis.

A number of other brokerages have also recently issued reports on MTZ. JPMorgan Chase & Co. lifted their price objective on shares of MasTec from $180.00 to $214.00 and gave the company an “overweight” rating in a research note on Tuesday, July 22nd. Barclays reiterated an “overweight” rating and issued a $200.00 price target (up previously from $145.00) on shares of MasTec in a research note on Monday, July 21st. Guggenheim restated a “buy” rating and set a $195.00 price objective on shares of MasTec in a research report on Monday, May 5th. Stifel Nicolaus lifted their target price on MasTec from $181.00 to $198.00 and gave the company a “buy” rating in a research report on Monday. Finally, Truist Financial set a $209.00 target price on MasTec in a research note on Monday. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $193.24.

MasTec Price Performance

MTZ stock opened at $182.91 on Wednesday. The company’s 50-day moving average price is $170.52 and its two-hundred day moving average price is $145.62. The firm has a market cap of $14.43 billion, a P/E ratio of 54.12 and a beta of 1.83. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. MasTec has a 12 month low of $96.01 and a 12 month high of $194.00.

Institutional Investors Weigh In On MasTec

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in MasTec by 163.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company’s stock valued at $121,843,000 after acquiring an additional 648,184 shares during the last quarter. First Trust Advisors LP raised its holdings in MasTec by 173.8% during the 4th quarter. First Trust Advisors LP now owns 587,788 shares of the construction company’s stock worth $80,021,000 after purchasing an additional 373,145 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of MasTec by 137.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 627,670 shares of the construction company’s stock worth $85,451,000 after purchasing an additional 363,502 shares during the period. Merewether Investment Management LP bought a new stake in shares of MasTec in the 4th quarter valued at $46,612,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of MasTec by 171.2% in the 1st quarter. Ameriprise Financial Inc. now owns 390,764 shares of the construction company’s stock valued at $45,607,000 after purchasing an additional 246,666 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Buying and Selling at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $153.89, for a total transaction of $461,670.00. Following the completion of the transaction, the director directly owned 39,782 shares of the company’s stock, valued at $6,122,051.98. This trade represents a 7.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $175.00, for a total value of $1,750,000.00. Following the transaction, the chief operating officer directly owned 194,249 shares in the company, valued at $33,993,575. The trade was a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by company insiders.

MasTec Company Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.