MasTec (NYSE:MTZ – Get Free Report) had its price objective raised by equities research analysts at KeyCorp from $460.00 to $500.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. KeyCorp’s price target suggests a potential upside of 18.97% from the company’s previous close.
MTZ has been the topic of a number of other research reports. Mizuho lifted their price target on shares of MasTec from $428.00 to $498.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Zacks Research downgraded shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. DA Davidson boosted their target price on shares of MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Roth Mkm restated a “buy” rating and issued a $450.00 target price on shares of MasTec in a research note on Monday, May 4th. Finally, Guggenheim upgraded shares of MasTec from a “neutral” rating to a “buy” rating and set a $480.00 target price on the stock in a research note on Wednesday. Eighteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, MasTec currently has a consensus rating of “Moderate Buy” and an average price target of $451.88.
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MasTec Trading Down 0.3%
MasTec (NYSE:MTZ – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the firm earned $0.51 EPS. The business’s revenue 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. Equities analysts anticipate that MasTec will post 8.52 EPS for the current year.
Insider Buying and Selling
In related news, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the transaction, the director owned 10,592 shares in the company, valued at $3,446,954.56. This represents a 8.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,450 shares of company stock worth $3,512,759 in the last 90 days. Corporate insiders own 21.40% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in MTZ. Earned Wealth Advisors LLC boosted its holdings in shares of MasTec by 2.8% in the 1st quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock valued at $326,000 after buying an additional 28 shares during the last quarter. Aigen Investment Management LP boosted its holdings in shares of MasTec by 3.8% in the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after buying an additional 38 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of MasTec by 1.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock valued at $636,000 after buying an additional 43 shares during the last quarter. Motley Fool Asset Management LLC boosted its holdings in shares of MasTec by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after buying an additional 47 shares during the last quarter. Finally, Versant Capital Management Inc boosted 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 buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.
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.
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