MasTec, Inc. (NYSE:MTZ) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of MasTec, Inc. (NYSE:MTZGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the twenty-one analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $466.8889.

A number of equities research analysts have recently commented on MTZ shares. Roth Capital reaffirmed a “buy” rating and issued a $450.00 price objective on shares of MasTec in a research note on Monday, May 4th. Cantor Fitzgerald lifted their target price on shares of MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Zacks Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. JPMorgan Chase & Co. lifted their price objective on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Guggenheim lifted their price objective on MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research report on Wednesday.

View Our Latest Report on MTZ

MasTec Price Performance

MasTec stock opened at $357.14 on Thursday. The stock’s 50 day moving average is $376.65 and its 200 day moving average is $329.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The firm has a market cap of $28.22 billion, a P/E ratio of 62.55 and a beta of 1.77. MasTec has a one year low of $160.08 and a one year high of $441.43.

MasTec (NYSE:MTZGet Free Report) last announced its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.98 by $0.41. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The firm’s revenue was up 34.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. As a group, research analysts expect that MasTec will post 9.18 EPS for the current year.

Insider Activity at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the transaction, the director directly owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the transaction, the director owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Gables Capital Management Inc. increased its stake in MasTec by 30.3% during 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 in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in shares of MasTec by 50.0% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock valued at $15,325,000 after buying an additional 23,500 shares in the last quarter. Swedbank AB lifted its stake in shares of MasTec by 5.2% in the fourth quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock valued at $13,977,000 after buying an additional 3,200 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of MasTec by 14.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 63,425 shares of the construction company’s stock valued at $13,787,000 after buying an additional 7,937 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its holdings in shares of MasTec by 4,223.4% during the fourth 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.

MasTec Company Profile

(Get Free Report)

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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Analyst Recommendations for MasTec (NYSE:MTZ)

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