MasTec (NYSE:MTZ) Stock Rating Upgraded by Piper Sandler

MasTec (NYSE:MTZ) was upgraded by Piper Sandler to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

A number of other equities analysts have also recently weighed in on the stock. Citigroup decreased their price objective on shares of MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Cantor Fitzgerald raised their price objective on MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. CICC Research assumed coverage on MasTec in a report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price objective on the stock. Guggenheim upped their target price on MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group reduced their target price on MasTec from $508.00 to $409.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $422.00.

MasTec Stock Down 2.1%

NYSE MTZ opened at $241.00 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. MasTec has a fifty-two week low of $176.31 and a fifty-two week high of $441.43. The business has a 50 day moving average price of $298.62 and a two-hundred day moving average price of $335.95. The stock has a market cap of $19.35 billion, a PE ratio of 38.44 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The firm had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.49 EPS. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. As a group, sell-side analysts predict that MasTec will post 8.91 EPS for the current fiscal year.

Hedge Funds Weigh In On MasTec

A number of large investors have recently bought and sold shares of MTZ. California State Teachers Retirement System increased its position in MasTec by 50,879.4% in the second quarter. California State Teachers Retirement System now owns 37,216,983 shares of the construction company’s stock worth $15,484,498,000 after buying an additional 37,143,979 shares during the period. BlackRock Inc. acquired a new position in shares of MasTec during the second quarter valued at $3,178,069,000. Hill City Capital LP bought a new position in shares of MasTec during the second quarter worth about $896,609,300. Victory Capital Management Inc. grew its position in shares of MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after acquiring an additional 1,690,896 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of MasTec during the second quarter worth about $555,825,000. Institutional investors own 78.10% of the company’s stock.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that serves communications, energy and utility customers. The company provides design, construction, installation, maintenance and upgrade services for infrastructure projects across the United States and, in certain activities, Canada.

MasTec’s communications business supports wireless, wireline and broadband networks, including fiber-optic systems, 5G infrastructure and other communications facilities. Its energy and infrastructure operations serve electric utilities, renewable energy developers and other industrial customers through services such as power transmission and distribution construction, solar and wind project development, pipeline construction and other related infrastructure work.

MasTec traces its roots to the telecommunications and utility construction businesses and was formed as MasTec in 1994.