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

MasTec (NYSE:MTZ) had its price objective raised by Truist Financial from $270.00 to $356.00 in a research report issued on Monday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the construction company’s stock. Truist Financial’s price target points to a potential upside of 18.29% from the company’s previous close.

Several other brokerages also recently issued reports on MTZ. Cantor Fitzgerald assumed coverage on MasTec in a research report on Friday, January 23rd. They set an “overweight” rating and a $274.00 target price for the company. Citigroup raised their price target on MasTec from $248.00 to $284.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Barclays boosted their price objective on MasTec from $240.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of MasTec in a research note on Monday, December 29th. Finally, Mizuho set a $254.00 target price on shares of MasTec in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $283.79.

MasTec Stock Down 1.2%

Shares of MTZ opened at $300.95 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 business has a fifty day moving average of $249.39 and a 200 day moving average of $218.60. The company has a market cap of $23.74 billion, a PE ratio of 59.36 and a beta of 1.89. MasTec has a 52-week low of $99.70 and a 52-week high of $310.36.

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

Hedge Funds Weigh In On MasTec

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aigen Investment Management LP raised its holdings in shares of MasTec by 3.8% in the fourth quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after acquiring an additional 38 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in MasTec by 1.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock worth $636,000 after acquiring an additional 43 shares in the last quarter. Motley Fool Asset Management LLC increased its position in MasTec by 3.7% during the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after purchasing an additional 47 shares during the period. Versant Capital Management Inc raised its holdings in shares of MasTec by 4.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,092 shares of the construction company’s stock valued at $232,000 after purchasing an additional 51 shares in the last quarter. Finally, Williamson Legacy Group LLC lifted its position in shares of MasTec by 0.9% in the 4th 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 during the period. Institutional investors own 78.10% of the company’s stock.

Key Headlines Impacting MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Record quarter, stronger guidance and backlog expansion: MasTec beat Q4 estimates (EPS $2.07 vs. $1.94 est.; revenue $3.94B vs. $3.71B est.), raised FY‑2026 outlook and reported an expanded infrastructure backlog — a direct driver of analyst optimism and buying interest. Read More.
• Positive Sentiment: Heavy analyst upgrades and price-target lifts: Multiple firms bumped ratings and targets (examples: Citigroup, Truist, Cantor Fitzgerald, Robert W. Baird, KeyCorp, DA Davidson, TD Cowen), pushing consensus upside and supporting the rally. Read More.
• Positive Sentiment: Fundamental momentum recognized by screens: Zacks highlighted MTZ’s growth and momentum characteristics, which can attract style-driven and momentum investors. Read More.
• Neutral Sentiment: Fresh 52‑week high / sector comparison: MTZ recently hit a new one‑year high and has outpaced many construction peers year‑to‑date, which is notable but increases expectations for continued execution. Read More.
• Negative Sentiment: Technical and valuation caution: Analysts and commentators note MTZ’s premium valuation (elevated EV/EBITDA and P/E on forward numbers) and overbought technical indicators, which can prompt short‑term profit taking and explain the intra‑day pullback. Read More.

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.