MasTec, Inc. (NYSE:MTZ) Given Consensus Rating of "Buy" by Brokerages

Key Points

• Analysts maintain a bullish view: Twenty-one brokerages give MasTec a consensus “Buy” rating, with an average 12-month price target of approximately $427.32.
• MasTec reported quarterly revenue of $4.37 billion, up 23.4% year over year and above estimates, though earnings per share of $2.22 narrowly missed expectations.
• The stock opened at $297.79, well below its 52-week high of $441.43; institutional investors own 78.1% of outstanding shares, while a company director recently sold 6,500 shares.

Shares of MasTec, Inc. (NYSE:MTZ - Get Free Report) have been assigned an average rating of "Buy" from the twenty-one research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $427.3158.

A number of brokerages have commented on MTZ. Robert W. Baird cut their price target on shares of MasTec from $475.00 to $363.00 and set an "outperform" rating for the company in a research note on Monday, August 3rd. Cantor Fitzgerald increased their target price on MasTec from $545.00 to $581.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. Guggenheim raised their target price on MasTec from $480.00 to $518.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. TD Cowen decreased their price target on MasTec from $470.00 to $420.00 and set a "buy" rating on the stock in a research note on Monday, August 3rd. Finally, Truist Financial reiterated a "buy" rating and issued a $428.00 price target (down from $550.00) on shares of MasTec in a research report on Monday, August 3rd.

MasTec Trading Up 0.1%

Shares of MTZ stock opened at $297.79 on Monday. MasTec has a 52-week low of $167.66 and a 52-week high of $441.43. The stock has a market cap of $23.92 billion, a price-to-earnings ratio of 47.50 and a beta of 1.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The firm has a fifty day moving average of $345.18 and a 200-day moving average of $336.43.

MasTec (NYSE:MTZ - Get Free Report) last issued its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. MasTec's revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 earnings per share. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. On average, equities research analysts forecast that MasTec will post 8.91 earnings per share for the current fiscal year.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the business's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the sale, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 21.40% of the company's stock.

Institutional Investors Weigh In On MasTec

Hedge funds have recently made changes to their positions in the company. Gables Capital Management Inc. raised its stake in shares of MasTec by 30.3% in the 4th quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company's stock valued at $4,577,000 after purchasing an additional 4,900 shares during the period. Swedbank AB boosted its position in shares of MasTec by 5.2% during the fourth quarter. Swedbank AB now owns 64,300 shares of the construction company's stock worth $13,977,000 after buying an additional 3,200 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of MasTec by 463.6% during the fourth quarter. Sanctuary Advisors LLC now owns 13,527 shares of the construction company's stock worth $2,940,000 after buying an additional 11,127 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in shares of MasTec by 50.0% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company's stock worth $15,325,000 after buying an additional 23,500 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its position in MasTec by 4,223.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company's stock valued at $601,000 after buying an additional 2,703 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

About MasTec

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.

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