MasTec, Inc. (NYSE:MTZ) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of MasTec, Inc. (NYSE:MTZ) have received a consensus recommendation of “Moderate Buy” from the twenty brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $295.7222.

Several equities research analysts have recently commented on the company. Robert W. Baird boosted their price objective on shares of MasTec from $249.00 to $348.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Jefferies Financial Group lifted their target price on shares of MasTec from $271.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Truist Financial boosted their price objective on MasTec from $270.00 to $356.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. TD Cowen upped their price objective on MasTec from $225.00 to $320.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Cantor Fitzgerald lifted their price objective on shares of MasTec from $274.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total value of $1,952,600.00. Following the sale, the director owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This trade represents a 27.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 21.30% of the stock is owned by insiders.

Institutional Investors Weigh In On MasTec

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC grew its position in MasTec by 344.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after acquiring an additional 93 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in MasTec in the fourth quarter valued at about $30,000. Caldwell Trust Co acquired a new stake in shares of MasTec during the second quarter valued at about $29,000. Princeton Global Asset Management LLC acquired a new stake in shares of MasTec during the third quarter valued at about $43,000. Finally, Root Financial Partners LLC bought a new stake in shares of MasTec during the third quarter worth about $49,000. 78.10% of the stock is owned by institutional investors.

MasTec Stock Up 4.1%

MasTec stock opened at $323.25 on Friday. MasTec has a twelve month low of $99.70 and a twelve month high of $324.35. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65. The company has a 50 day moving average of $272.55 and a 200-day moving average of $231.58. The stock has a market capitalization of $25.50 billion, a PE ratio of 63.76 and a beta of 1.89.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.13. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the firm posted $1.44 EPS. The business’s revenue was up 15.8% on a year-over-year basis. 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 anticipate that MasTec will post 3.44 EPS for the current fiscal year.

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.