MasTec (NYSE:MTZ) Price Target Raised to $420.00

Key Points

• UBS raised its price target to $420 (from $354) and kept a "buy" rating, implying roughly a 14.7% upside from the prior close.
• MasTec beat quarterly expectations with EPS of $2.07 (vs. $1.94 est.) and revenue of $3.94B (vs. $3.71B), and issued FY2026 guidance of $8.40 EPS.
• Analyst sentiment is largely positive — 17 Buy vs. 3 Hold — with a consensus price target of $309.50 (consensus rating "Moderate Buy"), while shares trade near $366, close to their 12‑month high.

MasTec (NYSE:MTZ - Get Free Report) had its price target raised by research analysts at UBS Group from $354.00 to $420.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. UBS Group's price objective indicates a potential upside of 14.74% from the company's previous close.

Several other equities research analysts have also recently commented on MTZ. Citigroup boosted their price objective on shares of MasTec from $284.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Stifel Nicolaus boosted their price objective on shares of MasTec from $240.00 to $267.00 and gave the company a "buy" rating in a research report on Tuesday, December 16th. Cantor Fitzgerald boosted their price objective on shares of MasTec from $274.00 to $347.00 and gave the company an "overweight" rating in a research report on Monday, March 2nd. Barclays boosted their price objective on shares of MasTec from $260.00 to $340.00 and gave the company an "overweight" rating in a research report on Tuesday, March 31st. Finally, DA Davidson boosted their price objective on shares of MasTec from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $309.50.

MasTec Trading Up 1.3%

Shares of NYSE MTZ traded up $4.81 during midday trading on Monday, reaching $366.03. 490,760 shares of the stock were exchanged, compared to its average volume of 964,497. The business has a 50-day simple moving average of $296.19 and a two-hundred day simple moving average of $244.27. The company has a market capitalization of $28.85 billion, a price-to-earnings ratio of 72.20 and a beta of 1.80. MasTec has a 12 month low of $109.68 and a 12 month high of $367.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29.

MasTec (NYSE:MTZ - Get Free Report) last announced 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. The company had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. 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 expect that MasTec will post 3.44 EPS for the current year.

Insider Buying and Selling at MasTec

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction on 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 in the company, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction 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 completion of the sale, the director owned 17,235 shares in the company, valued at $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MasTec

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTZ. Vanguard Group Inc. increased its stake in shares of MasTec by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company's stock worth $1,278,391,000 after purchasing an additional 34,899 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of MasTec by 178.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company's stock worth $573,304,000 after purchasing an additional 1,690,896 shares during the last quarter. Peconic Partners LLC increased its stake in shares of MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company's stock worth $347,792,000 after purchasing an additional 850,000 shares during the last quarter. First Trust Advisors LP increased its stake in shares of MasTec by 28.3% during the 4th quarter. First Trust Advisors LP now owns 1,311,433 shares of the construction company's stock worth $285,066,000 after purchasing an additional 289,258 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of MasTec by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company's stock worth $265,395,000 after purchasing an additional 94,344 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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.

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