MasTec (NYSE:MTZ) Price Target Raised to $340.00

MasTec (NYSE:MTZ) had its price target upped by Barclays from $260.00 to $340.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the construction company’s stock.

A number of other analysts also recently weighed in on the company. Robert W. Baird lifted their price target on MasTec from $249.00 to $348.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Stifel Nicolaus increased their price objective on MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. Wolfe Research restated an “outperform” rating and set a $326.00 target price on shares of MasTec in a research report on Monday, March 2nd. Finally, Citigroup upped their price target on shares of MasTec from $284.00 to $350.00 and gave the stock a “buy” rating in a research note 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.17.

MasTec Trading Up 0.7%

Shares of MasTec stock opened at $335.98 on Tuesday. The firm has a market cap of $26.51 billion, a price-to-earnings ratio of 66.27 and a beta of 1.80. MasTec has a 52-week low of $99.70 and a 52-week high of $341.40. The company’s 50-day simple moving average is $283.93 and its 200-day simple moving average is $237.54. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, beating 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 firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the firm earned $1.44 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. 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 anticipate that MasTec will post 3.44 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the sale, the director directly owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 17,235 shares of the company’s stock, valued at $5,177,394. This trade represents a 27.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.30% of the stock is currently owned by insiders.

Institutional Trading of MasTec

Several institutional investors and hedge funds have recently modified their holdings of MTZ. Allspring Global Investments Holdings LLC lifted its position in shares of MasTec by 92.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 65,027 shares of the construction company’s stock valued at $13,981,000 after acquiring an additional 31,218 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of MasTec by 14.9% during the third quarter. Thrivent Financial for Lutherans now owns 16,593 shares of the construction company’s stock valued at $3,531,000 after acquiring an additional 2,158 shares during the last quarter. Bridge City Capital LLC increased its position in MasTec by 27.2% during the 2nd quarter. Bridge City Capital LLC now owns 49,357 shares of the construction company’s stock worth $8,412,000 after purchasing an additional 10,565 shares in the last quarter. Marco Investment Management LLC increased its position in MasTec by 28.2% during the 3rd quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company’s stock worth $6,726,000 after purchasing an additional 6,955 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in MasTec in the 2nd quarter valued at about $12,366,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

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.