MasTec (NYSE:MTZ) Price Target Raised to $491.00

MasTec (NYSE:MTZ) had its target price boosted by JPMorgan Chase & Co. from $471.00 to $491.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

A number of other research analysts also recently commented on the company. The Goldman Sachs Group increased their target price on MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research report on Monday, May 4th. TD Cowen increased their target price on MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a research report on Monday, May 4th. KeyCorp increased their target price on MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday. Wolfe Research reiterated an “outperform” rating and set a $326.00 target price on shares of MasTec in a research report on Monday, March 2nd. Finally, Citigroup increased their target price on MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Eighteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $458.06.

MasTec Stock Down 4.7%

NYSE MTZ opened at $414.47 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The company has a market capitalization of $32.75 billion, a P/E ratio of 72.59 and a beta of 1.82. MasTec has a one year low of $145.46 and a one year high of $441.43. The stock has a 50 day moving average price of $351.75 and a 200-day moving average price of $273.76.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The firm 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%.The company’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. As a group, equities analysts predict that MasTec will post 8.51 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of MasTec

Institutional investors have recently bought and sold shares of the stock. Waverly Advisors LLC lifted its position in shares of MasTec by 48.8% during the first quarter. Waverly Advisors LLC now owns 1,617 shares of the construction company’s stock worth $520,000 after purchasing an additional 530 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of MasTec during the first quarter worth $5,051,000. Hilltop Holdings Inc. bought a new stake in shares of MasTec during the first quarter worth $247,000. Compound Planning Inc. lifted its position in shares of MasTec by 11.4% during the first quarter. Compound Planning Inc. now owns 1,102 shares of the construction company’s stock worth $355,000 after purchasing an additional 113 shares during the last quarter. Finally, Modern Wealth Management LLC bought a new stake in shares of MasTec during the first quarter worth $243,000. 78.10% of the stock is currently owned by institutional investors.

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.