MasTec (NYSE:MTZ) Raised to “Strong-Buy” at Piper Sandler

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

Several other brokerages have also issued reports on MTZ. Wall Street Zen lowered MasTec from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Guggenheim raised their target price on shares of MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Zacks Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. The Goldman Sachs Group cut their price target on shares of MasTec from $508.00 to $409.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Finally, Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $422.00.

MasTec Stock Performance

MTZ stock opened at $241.00 on Tuesday. The business’s 50-day moving average price is $298.62 and its two-hundred day moving average price is $335.95. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. The firm has a market cap of $19.35 billion, a PE ratio of 38.44 and a beta of 1.82. MasTec has a 1-year low of $176.31 and a 1-year high of $441.43.

MasTec (NYSE:MTZ) last posted its earnings results 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). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The firm’s revenue was up 23.4% on a year-over-year basis. 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, research analysts forecast that MasTec will post 8.91 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MTZ. Ascentis Independent Advisors bought a new stake in MasTec in the 1st quarter valued at approximately $30,000. Bell Investment Advisors Inc bought a new position in shares of MasTec during the 2nd quarter worth approximately $32,000. Transamerica Financial Advisors LLC bought a new position in shares of MasTec during the 2nd quarter worth approximately $32,000. CIBC Private Wealth Group LLC raised its holdings 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 valued at $51,000 after purchasing an additional 186 shares during the last quarter. Finally, Solstein Capital LLC acquired a new stake in shares of MasTec in the second quarter valued at approximately $58,000. 78.10% of the stock is currently owned by institutional investors.

About MasTec

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.