MasTec (NYSE:MTZ) Price Target Raised to $487.00

Key Points

• Goldman Sachs raised its price target on MasTec from $348 to $487 and kept a "buy" rating; overall 18 analysts rate the stock a Buy and three rate it a Hold, with an average target of $398 (Truist raised its target to $518).
• MasTec beat expectations for the quarter, reporting EPS of $1.39 vs. $0.98 expected and revenue of $3.83 billion, and set FY2026 guidance at 8.79 EPS; the stock trades around $423 (near its 12‑month high) and has a P/E of 74.14.
• Insider selling was reported (two directors sold shares), although insiders still hold 21.4% of the company and institutional/hedge fund ownership is high at 78.1%.

MasTec (NYSE:MTZ - Get Free Report) had its price objective raised by analysts at The Goldman Sachs Group from $348.00 to $487.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. The Goldman Sachs Group's price target would indicate a potential upside of 15.03% from the stock's previous close.

Other analysts have also issued research reports about the stock. Zacks Research lowered shares of MasTec from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 4th. Truist Financial lifted their target price on shares of MasTec from $425.00 to $518.00 and gave the company a "buy" rating in a research report on Monday. Wall Street Zen upgraded shares of MasTec from a "hold" rating to a "buy" rating in a research report on Sunday, February 22nd. KeyCorp lifted their target price on shares of MasTec from $406.00 to $460.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of MasTec in a research report on Friday, March 27th. Eighteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, MasTec has an average rating of "Moderate Buy" and an average target price of $398.00.

MasTec Stock Performance

MTZ traded up $5.95 on Monday, reaching $423.36. The stock had a trading volume of 545,354 shares, compared to its average volume of 947,748. MasTec has a 12-month low of $139.56 and a 12-month high of $429.04. 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 business's 50-day moving average price is $328.15 and its two-hundred day moving average price is $260.37. The company has a market cap of $33.37 billion, a P/E ratio of 74.14 and a beta of 1.82.

MasTec (NYSE:MTZ - Get Free Report) last announced its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the business earned $0.51 earnings per share. The company's revenue for the quarter 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. Sell-side analysts forecast that MasTec will post 8.2 earnings per share for the current year.

Insider Transactions at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the business'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 directly owned 17,235 shares in the company, valued at approximately $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of the business's stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the transaction, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 21.40% of the company's stock.

Hedge Funds Weigh In On MasTec

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in MasTec by 0.6% during the third 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 period. Victory Capital Management Inc. raised its stake in MasTec by 178.6% during the fourth 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 period. Peconic Partners LLC raised its stake in MasTec by 113.3% during the fourth 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 period. First Trust Advisors LP raised its stake in MasTec by 28.3% during the fourth 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 period. Finally, Geode Capital Management LLC raised its stake in MasTec by 8.4% during the fourth 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 period. 78.10% of the stock is owned by hedge funds and other institutional investors.

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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