MasTec’s (MTZ) “Buy” Rating Reiterated at Truist Financial

Truist Financial restated their buy rating on shares of MasTec (NYSE:MTZ) in a report published on Monday morning,Benzinga reports. They currently have a $428.00 target price on the construction company’s stock, down from their previous target price of $550.00.

Other equities research analysts also recently issued research reports about the stock. TD Cowen cut their target price on shares of MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Cantor Fitzgerald upped their price objective on MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Jefferies Financial Group reissued a “buy” rating and issued a $493.00 target price on shares of MasTec in a report on Monday, May 4th. Finally, UBS Group raised their target price on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $431.42.

MasTec Price Performance

NYSE MTZ opened at $267.50 on Monday. MasTec has a one year low of $167.66 and a one year high of $441.43. The stock has a 50-day moving average of $358.38 and a 200 day moving average of $334.75. 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 company has a market capitalization of $21.48 billion, a price-to-earnings ratio of 42.66 and a beta of 1.81.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) 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 company had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the business earned $1.49 EPS. The business’s revenue was up 23.4% compared to the same quarter last year. 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, sell-side analysts forecast that MasTec will post 8.97 EPS for the current year.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of MasTec during the 4th quarter valued at approximately $30,000. Ascentis Independent Advisors purchased a new position in MasTec during the first quarter valued at approximately $30,000. CIBC Private Wealth Group LLC lifted its holdings in MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after purchasing an additional 186 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after purchasing an additional 182 shares during the period. Finally, GHP Investment Advisors Inc. bought a new position in shares of MasTec in the first quarter worth approximately $65,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

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.