MasTec, Inc. (NYSE:MTZ) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• MasTec has a consensus “Moderate Buy” rating from 22 brokerages, with 19 buy ratings and three holds. Analysts’ average 12-month price target is $414.20.
• MasTec reported quarterly revenue of $4.37 billion, up 23.4% year over year and above estimates, but earnings per share of $2.22 narrowly missed the $2.23 consensus.
• Institutional investors own 78.1% of the stock, with major firms including BlackRock and Hill City Capital recently establishing sizable positions.

MasTec, Inc. (NYSE:MTZ - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-two brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $414.20.

Several equities analysts have commented on MTZ shares. Morgan Stanley set a $369.00 price target on shares of MasTec in a research note on Friday, July 31st. Wall Street Zen cut MasTec from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Cantor Fitzgerald lifted their target price on MasTec from $545.00 to $581.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. Mizuho lowered their target price on MasTec from $502.00 to $457.00 and set an "outperform" rating for the company in a research note on Tuesday, August 4th. Finally, Weiss Ratings downgraded MasTec from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 17th.

MasTec Stock Up 1.9%

Shares of MTZ opened at $220.04 on Tuesday. The company's 50-day simple moving average is $248.12 and its 200-day simple moving average is $326.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. MasTec has a 1 year low of $182.34 and a 1 year high of $441.43. The stock has a market capitalization of $17.67 billion, a PE ratio of 35.09 and a beta of 1.84.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm posted $1.49 EPS. 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. Analysts forecast that MasTec will post 8.9 earnings per share for the current fiscal year.

Institutional Trading of MasTec

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in MasTec in the second quarter worth approximately $3,178,069,000. Hill City Capital LP purchased a new stake in shares of MasTec in the 2nd quarter valued at approximately $896,609,300. Victory Capital Management Inc. increased 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 valued at $573,304,000 after purchasing an additional 1,690,896 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of MasTec in the 2nd quarter valued at $555,825,000. Finally, First Trust Advisors LP raised its holdings in shares of MasTec by 7.6% in the 1st quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company's stock valued at $454,163,000 after purchasing an additional 100,151 shares in the last quarter. 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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