Analysts Set MasTec, Inc. (NYSE:MTZ) Price Target at $466.89

MasTec, Inc. (NYSE:MTZ) has received an average recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $466.8889.

MTZ has been the topic of a number of research reports. Guggenheim increased their price target on MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays boosted their price objective on MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Mizuho upped their price objective on MasTec from $498.00 to $502.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Truist Financial increased their target price on MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, Roth Capital reiterated a “buy” rating and issued a $450.00 target price on shares of MasTec in a research note on Monday, May 4th.

MasTec Stock Down 5.9%

Shares of MasTec stock opened at $337.55 on Thursday. MasTec has a fifty-two week low of $160.08 and a fifty-two week high of $441.43. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The firm has a market cap of $26.67 billion, a P/E ratio of 59.12 and a beta of 1.77. The business has a 50-day moving average price of $373.59 and a 200 day moving average price of $330.51.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. 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 forecast that MasTec will post 9.18 earnings per share for the current fiscal year.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the transaction, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the transaction, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their position. The SEC filing for this sale provides additional information. 21.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On MasTec

Several hedge funds and other institutional investors have recently made changes to their positions in MTZ. Victory Capital Management Inc. increased its position in MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after acquiring an additional 1,690,896 shares during the period. Peconic Partners LLC raised its stake in MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after acquiring an additional 850,000 shares in the last quarter. Coatue Management LLC acquired a new position in MasTec during the 4th quarter worth $147,357,000. Merewether Investment Management LP boosted its position in MasTec by 59.8% during the 3rd quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock worth $184,557,000 after acquiring an additional 324,500 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in MasTec by 71.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock worth $155,965,000 after acquiring an additional 304,358 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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.