MasTec Suspends Acquisition Negotiations to Prioritize Share Repurchases
MasTec, Inc. has announced the suspension of late-stage negotiations for a large acquisition to focus on share repurchases using its existing $250 million board authorization.
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MasTec Renewables served as the general contractor for the 183 MW Nimbus Wind Farm in Arkansas, which has now achieved commercial operations.
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MasTec, Inc. has announced the suspension of late-stage negotiations for a large acquisition to focus on share repurchases using its existing $250 million board authorization.
Analyst Maheep Mandloi of Mizuho Securities has maintained a 'Buy' rating on MasTec, Inc. while lowering the price target to $338 from $352.
Truist Securities has lowered its price target for MasTec, Inc. while maintaining a Buy rating on the stock.
MasTec, Inc. announced its third quarter 2026 financial results, reporting $5.2 billion in revenue and $486 million in Adjusted EBITDA, alongside an update to its full-year 2026 financial guidance.
Filed: 2026-10-29 AccNo: 0000015615-26-000127 Size: 849 KB Item 2.02: Results of Operations and Financial Condition Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits