Truist Financial Issues Positive Forecast for MasTec (NYSE:MTZ) Stock Price

MasTec (NYSE:MTZ) had its price objective hoisted by Truist Financial from $356.00 to $425.00 in a report issued on Monday, MarketBeat Ratings reports. They currently have a buy rating on the construction company’s stock.

MTZ has been the subject of a number of other reports. Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Citigroup upped their price objective on shares of MasTec from $284.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wolfe Research reiterated an “outperform” rating and issued a $326.00 price objective on shares of MasTec in a report on Monday, March 2nd. UBS Group upped their price objective on shares of MasTec from $354.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of MasTec from $346.00 to $386.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, MasTec has a consensus rating of “Moderate Buy” and a consensus price target of $329.17.

MasTec Trading Down 0.0%

MasTec stock opened at $370.87 on Monday. The company’s fifty day simple moving average is $310.27 and its 200-day simple moving average is $250.85. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65. MasTec has a 12 month low of $109.68 and a 12 month high of $375.14. The stock has a market cap of $29.24 billion, a P/E ratio of 73.15 and a beta of 1.80.

MasTec (NYSE:MTZ) last posted its quarterly 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. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. MasTec’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 EPS. 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, sell-side analysts forecast that MasTec will post 8.2 EPS for the current fiscal year.

Insider Transactions at MasTec

In other news, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the transaction, the director owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the transaction, the director directly owned 17,235 shares of the company’s stock, valued at $5,177,394. This represents a 27.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 21.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Aigen Investment Management LP raised its position in shares of MasTec by 3.8% during the fourth quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after buying an additional 38 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in MasTec by 1.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock worth $636,000 after purchasing an additional 43 shares in the last quarter. Motley Fool Asset Management LLC raised its position in MasTec by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock worth $285,000 after purchasing an additional 47 shares in the last quarter. Versant Capital Management Inc raised its position in MasTec by 4.9% in the third quarter. Versant Capital Management Inc now owns 1,092 shares of the construction company’s stock worth $232,000 after purchasing an additional 51 shares in the last quarter. Finally, Williamson Legacy Group LLC raised its position in MasTec by 0.9% in the fourth quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

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.