Brokerages Set MasTec, Inc. (NYSE:MTZ) PT at $459.28

Shares of MasTec, Inc. (NYSE:MTZ) have been given a consensus rating of “Moderate Buy” by the twenty-one ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $461.0556.

Several equities analysts have issued reports on MTZ shares. KeyCorp lifted their price objective on MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group increased their target price on MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Robert W. Baird raised their target price on MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Guggenheim raised MasTec from a “neutral” rating to a “buy” rating and set a $480.00 price target for the company in a report on Wednesday, May 13th. Finally, Roth Mkm reiterated a “buy” rating and set a $450.00 price target on shares of MasTec in a research report on Monday, May 4th.

Insider Transactions at MasTec

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of MasTec during the fourth quarter worth $30,000. Ascentis Independent Advisors bought a new position in MasTec in the first quarter valued at about $30,000. CIBC Private Wealth Group LLC increased its position in MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after purchasing an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in MasTec by 105.2% during the 2nd 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 last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in MasTec during the 1st quarter worth about $65,000. 78.10% of the stock is currently owned by institutional investors.

MasTec Trading Up 0.3%

Shares of MTZ stock opened at $374.40 on Friday. MasTec has a 12-month low of $160.08 and a 12-month high of $441.43. The company has a market capitalization of $29.58 billion, a P/E ratio of 65.57 and a beta of 1.77. The firm has a 50-day moving average price of $387.98 and a 200 day moving average price of $316.04. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The company’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Research analysts forecast that MasTec will post 8.5 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.