MasTec (NYSE:MTZ) Reaches New 52-Week High After Analyst Upgrade

Key Points

• MasTec shares hit a new 52-week high after Mizuho raised its price target from $428 to $498 and reiterated an outperform rating, joining other firms (Goldman, Citi, TD Cowen, Baird, KeyCorp) in lifting targets amid broad analyst bullishness (17 Buys vs. 3 Holds).
• The analyst upgrades were driven by strong fundamentals: MasTec reported record Q1 results (EPS $1.39 vs. $0.98 est., revenue $3.83B, +34.5% YoY) and raised FY‑2026 guidance, underpinning the positive outlook.

MasTec, Inc. (NYSE:MTZ - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday after Mizuho raised their price target on the stock from $428.00 to $498.00. Mizuho currently has an outperform rating on the stock. MasTec traded as high as $438.39 and last traded at $437.2260, with a volume of 810999 shares changing hands. The stock had previously closed at $425.39.

Several other equities analysts have also issued reports on MTZ. Roth Mkm reaffirmed a "buy" rating and set a $450.00 price target on shares of MasTec in a research note on Monday. Zacks Research lowered MasTec from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 4th. Weiss Ratings reissued a "hold (c+)" rating on shares of MasTec in a research note on Friday, March 27th. KeyCorp increased their target price on MasTec from $406.00 to $460.00 and gave the company an "overweight" rating in a research note on Monday. Finally, DA Davidson increased their target price on MasTec from $250.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $422.29.

Insider Activity

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the sale, the director directly owned 10,592 shares in the company, valued at $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the 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 sale, 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. The SEC filing for this sale provides additional information. 21.40% of the stock is owned by corporate insiders.

MasTec News Roundup

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Mizuho raised its price target from $428 to $498 and kept an “outperform” rating (~13.9% upside vs. the reference price). Mizuho Raise The Fly
• Positive Sentiment: Goldman Sachs bumped its target from $348 to $487 and maintains a “buy” rating (~11.4% upside). Goldman Sachs Raise
• Positive Sentiment: Citigroup raised its target from $440 to $483 and kept a “buy” rating (~10.5% upside), signaling continued analyst confidence in MasTec’s growth runway. Citigroup Raise
• Positive Sentiment: TD Cowen raised its target from $320 to $445 and reiterated a “buy” call (modest upside vs. the reference price), adding to the cluster of recent upgrades. TD Cowen Raise
• Positive Sentiment: Robert W. Baird raised its target from $348 to $473 (outperform) and published a positive forecast for MTZ, both reinforcing the bullish analyst narrative. Baird Raise Baird Forecast
• Positive Sentiment: MasTec reported record Q1 results and raised 2026 guidance, a fundamental driver cited by analysts and covered by Yahoo Finance—this is the primary fundamental reason driving upgrades. Q1 Results & Guidance
• Neutral Sentiment: A sector piece on AI data centers highlights rising power and infrastructure demand—an industry tailwind that supports MasTec’s pipeline but is not MasTec‑specific. AI Data Centers

Institutional Investors Weigh In On MasTec

Several large investors have recently modified their holdings of the business. Brighton Jones LLC bought a new position in shares of MasTec during the fourth quarter worth about $227,000. NewEdge Advisors LLC grew its holdings in shares of MasTec by 32.6% during the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company's stock worth $514,000 after buying an additional 1,083 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of MasTec during the second quarter worth about $271,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company's stock worth $61,000 after buying an additional 182 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of MasTec by 793.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company's stock worth $175,000 after buying an additional 912 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Performance

The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $34.55 billion, a P/E ratio of 76.57 and a beta of 1.82. The stock has a fifty day moving average of $331.22 and a 200-day moving average of $262.00.

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

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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