MasTec (NYSE:MTZ) Stock Price Target Lowered at Truist Financial

MasTec (NYSE:MTZ - Get Free Report) had its price target dropped by stock analysts at Truist Financial from $428.00 to $380.00 in a research note issued on Monday, Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. Truist Financial's price target indicates a potential upside of 71.32% from the stock's current price.

A number of other analysts have also commented on MTZ. Zacks Research lowered MasTec from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 26th. Guggenheim upped their target price on shares of MasTec from $480.00 to $518.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Wall Street Zen cut shares of MasTec from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of MasTec from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 17th. Finally, KeyCorp cut their price objective on shares of MasTec from $500.00 to $371.00 and set an "overweight" rating for the company in a research report on Monday, August 3rd. Nineteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $414.20.

MasTec Price Performance

Shares of MTZ stock traded up $5.87 during trading hours on Monday, hitting $221.80. The company's stock had a trading volume of 325,950 shares, compared to its average volume of 1,183,545. The business has a fifty day moving average of $250.44 and a 200-day moving average of $326.89. The stock has a market cap of $17.81 billion, a price-to-earnings ratio of 35.29 and a beta of 1.84. MasTec has a twelve month low of $182.34 and a twelve month high of $441.43. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71.

MasTec (NYSE:MTZ - Get Free Report) last issued 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 return on equity of 18.08% and a net margin of 3.07%.The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm earned $1.49 earnings per share. The company's revenue for the quarter was up 23.4% on a year-over-year basis. 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 8.9 EPS for the current year.

Institutional Investors Weigh In On MasTec

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in MasTec during the second quarter worth approximately $3,178,069,000. Victory Capital Management Inc. raised its position in shares of MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company's stock worth $573,304,000 after buying an additional 1,690,896 shares during the period. Hill City Capital LP purchased a new stake in MasTec during the second quarter valued at about $896,609,300. First Trust Advisors LP grew its position in MasTec by 7.6% during the first quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company's stock valued at $454,163,000 after acquiring an additional 100,151 shares during the period. Finally, Bank of America Corp DE acquired a new stake in MasTec during the second quarter worth about $555,825,000. 78.10% of the stock is currently owned by hedge funds and other 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.

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