MasTec (NYSE:MTZ) Given New $425.00 Price Target at Truist Financial
by Jessica Moore · The Cerbat GemMasTec (NYSE:MTZ – Get Free Report) had its target price increased by research analysts at Truist Financial from $356.00 to $425.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Truist Financial’s target price would suggest a potential upside of 13.97% from the company’s previous close.
Other equities analysts have also issued reports about the stock. UBS Group lifted their price target on shares of MasTec from $354.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Stifel Nicolaus lifted their price target on shares of MasTec from $335.00 to $401.00 and gave the stock a “buy” rating in a report on Friday. Barclays lifted their price target on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. Finally, DA Davidson lifted their price target on shares of MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $329.17.
Check Out Our Latest Report on MasTec
MasTec Stock Performance
Shares of MTZ stock opened at $372.90 on Monday. The firm has a market cap of $29.39 billion, a price-to-earnings ratio of 73.55 and a beta of 1.80. The company’s 50 day moving average is $308.10 and its 200 day moving average is $249.75. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65. MasTec has a 52-week low of $109.68 and a 52-week high of $373.64.
MasTec (NYSE:MTZ – Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.13. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. MasTec’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company posted $1.44 earnings per share. 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, sell-side analysts anticipate that MasTec will post 3.44 EPS for the current fiscal year.
Insider Buying and Selling at MasTec
In other news, 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 sale, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the sale, the director owned 17,235 shares of the company’s stock, valued at $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 21.30% of the company’s stock.
Institutional Investors Weigh In On MasTec
Several institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in shares of MasTec by 366.3% during the first quarter. SG Americas Securities LLC now owns 138,809 shares of the construction company’s stock worth $44,660,000 after buying an additional 109,040 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of MasTec by 69.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 6,707 shares of the construction company’s stock worth $1,458,000 after buying an additional 2,750 shares during the period. Corient Private Wealth LLC lifted its stake in shares of MasTec by 46.5% during the fourth quarter. Corient Private Wealth LLC now owns 3,242 shares of the construction company’s stock worth $705,000 after buying an additional 1,029 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of MasTec during the fourth quarter worth $130,000. Finally, Clearwave Capital LLC acquired a new stake in shares of MasTec during the fourth quarter worth $492,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.
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.