Jefferies Financial Group Issues Positive Forecast for MasTec (NYSE:MTZ) Stock Price

Key Points

• Jefferies raised its price target to $348 (from $271) and reaffirmed a "buy" rating, implying roughly a 20% upside; the stock's consensus remains a "Moderate Buy" with a $288.84 average target after multiple firms boosted forecasts.
• MasTec beat quarterly estimates, reporting $2.07 EPS vs. $1.94 expected and $3.94B revenue vs. $3.71B, with revenue up 15.8% YoY and FY2026 EPS guidance of 8.40.
• A director sold 6,500 shares at about $300.40 recently; insiders own 21.3% of the stock while institutional investors hold roughly 78.1%, and the shares last traded near $290.10 with a $22.9B market cap.

MasTec (NYSE:MTZ - Get Free Report) had its price objective raised by research analysts at Jefferies Financial Group from $271.00 to $348.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Jefferies Financial Group's price objective points to a potential upside of 19.96% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of MasTec in a research note on Monday, December 29th. TD Cowen upped their price target on shares of MasTec from $225.00 to $320.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. DA Davidson increased their price target on shares of MasTec from $250.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Zacks Research cut shares of MasTec from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 4th. Finally, Citigroup upped their target price on MasTec from $284.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $288.84.

MasTec Price Performance

Shares of MTZ stock traded down $6.85 during trading on Friday, hitting $290.10. The company had a trading volume of 1,674,866 shares, compared to its average volume of 980,305. The firm has a market capitalization of $22.89 billion, a P/E ratio of 57.22 and a beta of 1.89. MasTec has a one year low of $99.70 and a one year high of $310.36. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32. The stock's 50-day moving average price is $260.07 and its 200 day moving average price is $223.95.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.13. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The company's revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company earned $1.44 EPS. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. Equities analysts expect that MasTec will post 3.44 EPS for the current fiscal year.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the company's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total value of $1,952,600.00. Following the completion of the transaction, the director owned 17,235 shares of the company's stock, valued at $5,177,394. This represents a 27.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 21.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

About MasTec

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.

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