Truist Financial Increases MasTec (NYSE:MTZ) Price Target to $356.00

MasTec (NYSE:MTZ) had its price target hoisted by stock analysts at Truist Financial from $270.00 to $356.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective would suggest a potential upside of 19.54% from the company’s current price.

Several other analysts also recently issued reports on MTZ. KeyCorp reaffirmed an “overweight” rating and set a $264.00 price objective on shares of MasTec in a report on Wednesday, January 7th. Zacks Research raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Robert W. Baird raised their price target on MasTec from $238.00 to $249.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Stifel Nicolaus lifted their price objective on MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Finally, Wolfe Research reissued an “outperform” rating and set a $326.00 price objective on shares of MasTec in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned 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 “Buy” and a consensus target price of $254.47.

MasTec Price Performance

Shares of NYSE:MTZ opened at $297.81 on Monday. The stock has a market capitalization of $23.50 billion, a P/E ratio of 58.74 and a beta of 1.94. The business has a 50-day moving average of $246.26 and a two-hundred day moving average of $216.84. MasTec has a fifty-two week low of $99.70 and a fifty-two week high of $300.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 EPS. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. On average, equities research analysts predict that MasTec will post 3.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Clearwave Capital LLC purchased a new position in MasTec during the 4th quarter valued at about $492,000. BDFS Capital LLC purchased a new stake in shares of MasTec in the fourth quarter worth about $547,000. Mariner Investment Group LLC boosted its position in shares of MasTec by 806.3% in the fourth quarter. Mariner Investment Group LLC now owns 14,500 shares of the construction company’s stock valued at $3,152,000 after acquiring an additional 12,900 shares during the period. Kera Capital Partners Inc. boosted its position in shares of MasTec by 15.8% in the fourth quarter. Kera Capital Partners Inc. now owns 2,377 shares of the construction company’s stock valued at $572,000 after acquiring an additional 324 shares during the period. Finally, Mcguire Capital Advisors Inc. purchased a new position in MasTec during the fourth quarter valued at approximately $175,000. Institutional investors 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.