MasTec, Inc. (NYSE:MTZ) Given Average Rating of “Buy” by Brokerages

MasTec, Inc. (NYSE:MTZ) has earned a consensus rating of “Buy” from the twenty-one brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $459.2778.

Several equities research analysts recently commented on the stock. Stifel Nicolaus set a $455.00 price target on shares of MasTec in a research note on Monday, May 4th. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a research note on Monday, May 4th. TD Cowen lifted their price target on shares of MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Jefferies Financial Group restated a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research note on Monday, May 4th. Finally, KeyCorp lifted their price objective on shares of MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction on Monday, May 4th. The shares were 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 in the company, valued at approximately $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the transaction, the director owned 10,592 shares in the company, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MTZ. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MasTec in the fourth quarter valued at $30,000. Ascentis Independent Advisors acquired a new position in shares of MasTec during the first quarter worth about $30,000. CIBC Private Wealth Group LLC increased its stake in shares of MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after acquiring an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after acquiring an additional 182 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new position in shares of MasTec during the first quarter worth about $65,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Price Performance

Shares of NYSE:MTZ opened at $365.74 on Wednesday. The company’s fifty day moving average price is $370.14 and its 200 day moving average price is $288.02. MasTec has a 12 month low of $153.82 and a 12 month high of $441.43. 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 capitalization of $28.90 billion, a P/E ratio of 64.05 and a beta of 1.77.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping 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 firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the business earned $0.51 EPS. MasTec’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. As a group, sell-side analysts predict that MasTec will post 8.51 earnings per share for the current fiscal 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.