MasTec (NYSE:MTZ) Stock Price Up 6.4% on Analyst Upgrade

MasTec, Inc. (NYSE:MTZ) traded up 6.4% on Wednesday after Mizuho raised their price target on the stock from $498.00 to $502.00. Mizuho currently has an outperform rating on the stock. MasTec traded as high as $386.98 and last traded at $381.9780. 166,420 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 1,024,025 shares. The stock had previously closed at $358.85.

Several other equities analysts have also recently issued reports on MTZ. KeyCorp boosted their target price on MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. raised their price target on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Roth Capital reissued a “buy” rating and set a $450.00 price objective on shares of MasTec in a research report on Monday, May 4th. Finally, Truist Financial upped their price objective on shares of MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, MasTec currently has a consensus rating of “Moderate Buy” and an average target price of $461.28.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated 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 completion of the transaction, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 completion of the transaction, the director owned 30,646 shares in the company, valued at approximately $12,779,382. The trade was a 8.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gables Capital Management Inc. increased its holdings 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 worth $4,577,000 after purchasing an additional 4,900 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted 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 valued at $15,325,000 after purchasing an additional 23,500 shares in the last quarter. 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 valued at $13,977,000 after buying an additional 3,200 shares during the last quarter. Exchange Traded Concepts LLC boosted its position 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, Ritholtz Wealth Management increased its holdings in MasTec by 35.1% in the 4th quarter. Ritholtz Wealth Management now owns 11,349 shares of the construction company’s stock worth $2,467,000 after buying an additional 2,948 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

The firm has a fifty day moving average of $387.61 and a 200 day moving average of $318.92. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $29.84 billion, a P/E ratio of 66.14 and a beta of 1.77.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. On average, equities research analysts anticipate that MasTec, Inc. will post 8.5 EPS for the current year.

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.