MasTec (NYSE:MTZ) Price Target Raised to $386.00

MasTec (NYSE:MTZ) had its target price upped by JPMorgan Chase & Co. from $346.00 to $386.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

Other analysts have also issued research reports about the company. Barclays increased their price objective on MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Robert W. Baird raised their price target on MasTec from $249.00 to $348.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Zacks Research lowered MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MasTec in a research note on Friday, March 27th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $325.33.

MasTec Stock Performance

NYSE:MTZ opened at $372.90 on Thursday. The firm has a market cap of $29.40 billion, a PE ratio of 73.55 and a beta of 1.80. MasTec has a fifty-two week low of $109.68 and a fifty-two week high of $373.64. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32. The business has a 50 day moving average price of $308.10 and a 200-day moving average price of $249.51.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior 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. Equities research analysts predict that MasTec will post 3.44 earnings per share for the current year.

Insider Buying and Selling at MasTec

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction 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 directly owned 17,235 shares of the company’s stock, valued at $5,177,394. This represents a 27.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 21.30% of the company’s stock.

Hedge Funds Weigh In On MasTec

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC lifted its position in MasTec by 344.4% during the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after buying an additional 93 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of MasTec during the fourth quarter valued at $30,000. Caldwell Trust Co bought a new position in shares of MasTec during the second quarter valued at $29,000. Princeton Global Asset Management LLC bought a new position in shares of MasTec during the third quarter valued at $43,000. Finally, Root Financial Partners LLC bought a new position in shares of MasTec during the third quarter valued at $49,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec News Summary

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Stifel raised its price target on MTZ to $401 (from $335) and kept a Buy rating, citing record-high transmission surveys that boost near-term demand for transmission and utility work. Stifel Raises MasTec’s Price Target as Transmission Surveys Hit Record Highs
• Positive Sentiment: JPMorgan raised its MTZ price target to $386 and maintains an overweight view, reinforcing analyst-driven upside and supporting multiple expansion expectations. Benzinga
• Positive Sentiment: Equity research coverage highlights MTZ among heavy construction names poised to benefit from accelerating infrastructure, telecom, data center and energy investment — a demand tailwind for MasTec’s services. 5 Heavy Construction Stocks to Watch as Infrastructure Picks Up
• Positive Sentiment: Fundamentals: MasTec beat Q4 estimates (EPS and revenue) earlier this year and provided FY2026 guidance that supports higher earnings expectations — a driver for investor confidence and valuation re-ratings. (Background company results)
• Neutral Sentiment: KeyCorp reiterated an Overweight stance and published updated quarterly EPS forecasts (Q1: $0.92, Q2: $2.05, Q4: $2.46) with a $335 target — useful modeling detail but less bullish than the higher targets from Stifel/JPMorgan. KeyCorp estimates (MarketBeat)
• Neutral Sentiment: MasTec scheduled its Q1 2026 earnings conference call — a near-term event investors will watch for revenue, backlog and margin commentary that could confirm or temper recent analyst optimism. MasTec Schedules First Quarter 2026 Earnings Conference Call
• Neutral Sentiment: Media pieces noting MTZ’s recent surge and its contribution to broader market strength provide momentum but are descriptive rather than new fundamental catalysts. MasTec Inc Surge Signals Strength In Nyse Composite Index

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.