Truist Financial Issues Positive Forecast for MasTec (NYSE:MTZ) Stock Price

MasTec (NYSE:MTZ) had its price target boosted by analysts at Truist Financial from $518.00 to $550.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s price target would suggest a potential upside of 40.56% from the company’s current price.

Several other research analysts also recently weighed in on MTZ. Guggenheim raised MasTec from a “neutral” rating to a “buy” rating and set a $480.00 target price for the company in a research note on Wednesday, May 13th. Roth Mkm reissued a “buy” rating and issued a $450.00 price target on shares of MasTec in a research note on Monday, May 4th. Jefferies Financial Group reissued a “buy” rating and issued a $493.00 price target on shares of MasTec in a report on Monday, May 4th. Stifel Nicolaus set a $455.00 price target on shares of MasTec in a report on Monday, May 4th. Finally, Cantor Fitzgerald upped their price objective on shares of MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $461.06.

MasTec Price Performance

NYSE:MTZ opened at $391.29 on Thursday. 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 52 week low of $160.08 and a 52 week high of $441.43. The stock’s 50-day moving average price is $387.96 and its 200-day moving average price is $314.55. The stock has a market capitalization of $30.92 billion, a PE ratio of 68.53 and a beta of 1.77.

MasTec (NYSE:MTZ) last released its quarterly 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. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.MasTec’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. 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, equities analysts expect that MasTec will post 8.5 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the sale, the director directly owned 30,646 shares of the company’s stock, valued at $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction that occurred 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. The trade was a 37.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 21.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MTZ. Ascentis Independent Advisors acquired a new stake in MasTec during the 1st quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of MasTec in the fourth quarter valued at about $30,000. GHP Investment Advisors Inc. acquired a new stake in shares of MasTec in the first quarter valued at about $65,000. CIBC Private Wealth Group LLC lifted its stake in shares of 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 buying an additional 186 shares in the last quarter. Finally, Root Financial Partners LLC lifted its stake in shares of MasTec by 25.4% in the first quarter. Root Financial Partners LLC now owns 311 shares of the construction company’s stock worth $100,000 after buying an additional 63 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

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.