MasTec (NYSE:MTZ) Price Target Raised to $425.00

MasTec (NYSE:MTZ) had its price target raised by Truist Financial from $356.00 to $425.00 in a report issued on Monday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the construction company’s stock.

Other equities analysts have also recently issued reports about the stock. Wolfe Research reiterated an “outperform” rating and set a $326.00 price objective on shares of MasTec in a research report on Monday, March 2nd. Jefferies Financial Group upped their price objective on shares of MasTec from $271.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of MasTec in a research report on Friday, March 27th. UBS Group upped their price objective on shares of MasTec from $354.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Citigroup upped their price objective on shares of MasTec from $284.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $329.17.

MasTec Stock Performance

Shares of MasTec stock opened at $376.12 on Monday. The company has a 50 day moving average of $314.71 and a 200-day moving average of $252.81. MasTec has a 1-year low of $117.50 and a 1-year high of $383.00. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65. The company has a market cap of $29.65 billion, a PE ratio of 74.18 and a beta of 1.80.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.13. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the firm posted $1.44 EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. As a group, equities research analysts forecast that MasTec will post 8.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the sale, the director directly owned 17,235 shares of the company’s stock, valued at $5,177,394. The trade was a 27.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the sale, the director directly owned 10,592 shares in the company, valued at $3,446,954.56. The trade was a 8.23% 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

A number of institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its stake in shares of MasTec by 47.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 39,744 shares of the construction company’s stock valued at $12,787,000 after purchasing an additional 12,802 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of MasTec by 7.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 10,177 shares of the construction company’s stock valued at $3,274,000 after purchasing an additional 700 shares during the last quarter. Union Bancaire Privee UBP SA boosted its stake in shares of MasTec by 55.6% in the 1st quarter. Union Bancaire Privee UBP SA now owns 21,850 shares of the construction company’s stock valued at $7,030,000 after purchasing an additional 7,804 shares during the last quarter. Maridea Wealth Management LLC bought a new stake in shares of MasTec in the 1st quarter valued at $1,192,000. Finally, GHP Investment Advisors Inc. bought a new stake in shares of MasTec in the 1st quarter valued at $65,000. 78.10% of the stock is owned by institutional investors.

MasTec Company Profile

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.