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

Shares of MasTec, Inc. (NYSE:MTZ) have received a consensus recommendation of “Buy” from the twenty-one research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, nineteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $459.2778.

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus set a $455.00 target price on MasTec in a research report on Monday, May 4th. Wolfe Research reaffirmed an “outperform” rating and set a $326.00 target price on shares of MasTec in a research report on Monday, March 2nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $493.00 target price on shares of MasTec in a research report on Monday, May 4th. B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a research report on Monday, May 4th. Finally, Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th.

Insider Buying and Selling at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the sale, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the sale, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 21.40% of the company’s stock.

Institutional Investors Weigh In On MasTec

Several institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. grew its holdings in MasTec by 24.9% during the first quarter. Pacer Advisors Inc. now owns 9,162 shares of the construction company’s stock worth $2,948,000 after buying an additional 1,828 shares in the last quarter. Southern Financial Group LLC bought a new stake in MasTec during the first quarter worth $238,000. PVG Asset Management Corp bought a new stake in MasTec during the first quarter worth $947,000. Optiver Holding B.V. grew its holdings in MasTec by 4,153.8% during the first quarter. Optiver Holding B.V. now owns 553 shares of the construction company’s stock worth $178,000 after buying an additional 540 shares in the last quarter. Finally, Glenmede Trust Co. NA bought a new stake in MasTec during the first quarter worth $477,000. Institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

Shares of NYSE:MTZ opened at $396.09 on Friday. 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 has a twelve month low of $160.08 and a twelve month high of $441.43. The stock’s 50 day moving average is $385.30 and its 200-day moving average is $310.02. The firm has a market capitalization of $31.30 billion, a price-to-earnings ratio of 69.37 and a beta of 1.77.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. MasTec’s revenue for the quarter was up 34.5% on a year-over-year basis. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Sell-side analysts forecast that MasTec will post 8.5 EPS 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.