TD Cowen Issues Positive Forecast for MasTec (NYSE:MTZ) Stock Price

MasTec (NYSE:MTZ) had its target price upped by equities researchers at TD Cowen from $445.00 to $470.00 in a research note issued to investors on Monday. The firm currently has a “buy” rating on the construction company’s stock. TD Cowen’s price target would suggest a potential upside of 26.04% from the company’s current price.

MTZ has been the topic of a number of other research reports. Guggenheim raised shares of MasTec from a “neutral” rating to a “buy” rating and set a $480.00 target price on the stock in a research note on Wednesday, May 13th. The Goldman Sachs Group increased their price target on shares of MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Truist Financial raised their price objective on shares of MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. UBS Group lifted their price objective on MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Robert W. Baird upped their target price on MasTec from $473.00 to $475.00 and gave the stock an “outperform” rating in a report on Thursday. Nineteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, MasTec currently has a consensus rating of “Moderate Buy” and a consensus price target of $464.78.

MasTec Price Performance

Shares of MasTec stock opened at $372.91 on Monday. The business has a 50 day moving average of $387.80 and a 200 day moving average of $322.32. MasTec has a 52 week low of $160.08 and a 52 week high of $441.43. The company has a market cap of $29.47 billion, a PE ratio of 65.31 and a beta of 1.77. 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 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.41. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The firm’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. As a group, equities research analysts forecast that MasTec will post 8.49 earnings per share for the current year.

Insider Transactions at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec 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 completion of the transaction, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the company’s 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 completion of the sale, the director owned 30,646 shares in the company, valued at $12,779,382. The trade was a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MasTec

Several hedge funds have recently added to or reduced their stakes in MTZ. Earned Wealth Advisors LLC increased its holdings in shares of MasTec by 2.8% during the first quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock valued at $326,000 after acquiring an additional 28 shares in the last quarter. Aigen Investment Management LP grew its position in MasTec by 3.8% during the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after purchasing an additional 38 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in MasTec by 1.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock valued at $636,000 after purchasing an additional 43 shares in the last quarter. Everhart Financial Group Inc. increased its stake in MasTec by 5.4% during the 2nd quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock valued at $364,000 after purchasing an additional 45 shares in the last quarter. Finally, Motley Fool Asset Management LLC raised its holdings in MasTec by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock worth $285,000 after buying an additional 47 shares during the last quarter. 78.10% of the stock is owned by institutional investors.

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.