KeyCorp Issues Positive Forecast for MasTec (NYSE:MTZ) Stock Price

MasTec (NYSE:MTZ) had its price target lifted by KeyCorp from $460.00 to $500.00 in a research report sent to investors on Wednesday, MarketBeat reports. They currently have an overweight rating on the construction company’s stock.

Several other research analysts have also commented on the stock. Weiss Ratings lowered shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Wolfe Research reissued an “outperform” rating and issued a $326.00 price target on shares of MasTec in a report on Monday, March 2nd. UBS Group increased their target price on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. DA Davidson upped their price target on shares of MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. Eighteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, MasTec currently has an average rating of “Moderate Buy” and a consensus target price of $458.06.

MasTec Price Performance

MTZ opened at $424.10 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. MasTec has a 52-week low of $145.46 and a 52-week high of $441.43. The company has a 50 day moving average of $346.84 and a two-hundred day moving average of $271.19. The company has a market cap of $33.51 billion, a P/E ratio of 74.27 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS 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 firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s 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. On average, analysts expect that MasTec will post 8.51 earnings per share for the current year.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director owned 17,235 shares in the company, valued at approximately $5,177,394. This represents a 27.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the transaction, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 10,450 shares of company stock worth $3,512,759. Insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of MasTec in the fourth quarter valued at approximately $30,000. Ascentis Independent Advisors bought a new position in shares of MasTec in the first quarter valued at approximately $30,000. Root Financial Partners LLC bought a new position in shares of MasTec in the third quarter valued at approximately $49,000. CIBC Private Wealth Group LLC boosted its holdings in shares of MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after acquiring an additional 186 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after acquiring an additional 182 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

Key MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Guggenheim upgraded MasTec from neutral to buy and set a $480 price target, citing an expected multi-year growth runway. MasTec upgraded at Guggenheim on expected multi-year growth runway
• Positive Sentiment: KeyCorp raised its price target to $500 and reiterated an overweight rating, signaling confidence in further upside after recent share gains. MasTec target raised by KeyCorp
• Positive Sentiment: JPMorgan also lifted its price target to $491 and kept an overweight rating, adding to the bullish analyst momentum around MTZ. MasTec target raised by JPMorgan
• Positive Sentiment: MasTec’s recent quarter showed strong demand across communications, clean energy, power delivery and pipeline infrastructure, with revenue and earnings both beating expectations and backlog rising sharply. Should You Buy, Hold or Sell MasTec Stock After Solid Q1 Results?
• Positive Sentiment: The company’s Investor Day may highlight multi-year financial targets and growth drivers, which could reinforce the bullish case if management sounds upbeat. MasTec to Host Investor Day in New York City Today at 8:45 AM ET
• Neutral Sentiment: Additional commentary from industry-focused articles reiterated MasTec’s role in grid modernization and AI data center infrastructure, but these were more thematic than company-specific catalysts. MasTec: A Great Infrastructure Story, With An Expensive Entry Price
• Neutral Sentiment: Another article flagged MasTec’s valuation as expensive, suggesting some investors may be cautious even as the growth outlook improves. MasTec: High Possibility Of Margin Compression

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.