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

Key Points

• Shares of MasTec hit a new 52-week high after UBS raised its price target to $420 and reiterated a buy rating, sending the stock to as high as $367.85 on strong volume.
• Analyst sentiment is broadly positive—17 analysts rate MasTec a Buy and three rate it a Hold, giving a MarketBeat consensus of “Moderate Buy” with an average target of $309.50 despite several recent target increases.
• MasTec reported an EPS beat ($2.07 vs. $1.94 expected) and revenue of $3.94B (vs. $3.71B expected), and provided FY‑2026 EPS guidance of 8.40, supporting the bullish analyst revisions.

MasTec, Inc. (NYSE:MTZ - Get Free Report)'s stock price hit a new 52-week high on Tuesday after UBS Group raised their price target on the stock from $354.00 to $420.00. UBS Group currently has a buy rating on the stock. MasTec traded as high as $367.85 and last traded at $366.03, with a volume of 492453 shares traded. The stock had previously closed at $361.22.

MTZ has been the subject of a number of other reports. Jefferies Financial Group upped their price target on shares of MasTec from $271.00 to $348.00 and gave the stock a "buy" rating in a research note on Friday, March 13th. Zacks Research lowered shares of MasTec from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 4th. Cantor Fitzgerald upped their price target on shares of MasTec from $274.00 to $347.00 and gave the stock an "overweight" rating in a research note on Monday, March 2nd. Truist Financial upped their price target on shares of MasTec from $270.00 to $356.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Finally, Citigroup increased their target price on shares of MasTec from $284.00 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 issued a Hold rating to the company. According to data from MarketBeat, MasTec currently has a consensus rating of "Moderate Buy" and an average target price of $309.50.

Insider Activity at MasTec

In related news, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the sale, the director directly owned 10,592 shares of the company's stock, valued at $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred 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 sale, the director directly owned 17,235 shares of the company's stock, valued at approximately $5,177,394. This represents 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 owned by corporate insiders.

Institutional Trading of MasTec

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aigen Investment Management LP lifted its position in shares of MasTec by 3.8% in the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company's stock valued at $226,000 after acquiring an additional 38 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of MasTec by 1.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company's stock valued at $636,000 after acquiring an additional 43 shares in the last quarter. Motley Fool Asset Management LLC lifted its position in shares of MasTec by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company's stock valued at $285,000 after acquiring an additional 47 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of MasTec by 4.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,092 shares of the construction company's stock valued at $232,000 after acquiring an additional 51 shares in the last quarter. Finally, Williamson Legacy Group LLC lifted its position in shares of MasTec by 0.9% in the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company's stock valued at $1,296,000 after acquiring an additional 52 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Trading Up 1.3%

The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65. The firm has a market cap of $28.88 billion, a PE ratio of 72.20 and a beta of 1.80. The company's 50-day moving average is $298.60 and its 200 day moving average is $245.41.

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.94 by $0.13. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The firm's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, sell-side analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

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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