MasTec (NYSE:MTZ) Price Target Raised to $473.00

Key Points

• Robert W. Baird raised its price target to $473 (from $348) and kept an "outperform" rating, joining other recent upgrades; the consensus remains a "Moderate Buy" with an average target of $342.94.
• MasTec beat quarterly estimates, reporting $1.39 EPS vs. $0.98 expected and $3.83B revenue (up 34.5% YoY), and provided FY2026 guidance of 8.79 EPS.
• The stock opened around $417.65

MasTec (NYSE:MTZ - Get Free Report) had its price target hoisted by investment analysts at Robert W. Baird from $348.00 to $473.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the construction company's stock. Robert W. Baird's target price suggests a potential upside of 13.25% from the stock's current price.

MTZ has been the topic of a number of other reports. TD Cowen raised their price target on shares of MasTec from $225.00 to $320.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. KeyCorp restated an "overweight" rating on shares of MasTec in a research note on Monday. Wall Street Zen upgraded shares of MasTec from a "hold" rating to a "buy" rating in a research note on Sunday, February 22nd. Citigroup lifted their target price on shares of MasTec from $350.00 to $440.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of MasTec in a report on Friday, March 27th. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $342.94.

MasTec Trading Up 0.1%

MTZ opened at $417.65 on Monday. The company's 50 day moving average is $328.15 and its 200-day moving average is $260.37. MasTec has a 1-year low of $136.88 and a 1-year high of $418.13. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a market cap of $32.92 billion, a P/E ratio of 73.14 and a beta of 1.82.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the company posted $0.51 EPS. The firm's quarterly revenue was up 34.5% compared to the same quarter last year. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Equities research analysts predict that MasTec will post 8.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 value of $1,952,600.00. Following the transaction, the director owned 17,235 shares in the company, valued at approximately $5,177,394. The trade was a 27.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 completion of the transaction, the director owned 10,592 shares in the company, valued at $3,446,954.56. This trade represents a 8.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 21.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MTZ. Salomon & Ludwin LLC lifted its position in shares of MasTec by 344.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company's stock worth $26,000 after purchasing an additional 93 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of MasTec in the 4th quarter worth approximately $30,000. Ascentis Independent Advisors acquired a new position in shares of MasTec in the 1st quarter worth approximately $30,000. Root Financial Partners LLC acquired a new position in shares of MasTec in the 3rd quarter worth approximately $49,000. Finally, CIBC Private Wealth Group LLC lifted its position in shares of MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company's stock worth $51,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds 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.

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