Barclays Raises MasTec (NYSE:MTZ) Price Target to $340.00

MasTec (NYSE:MTZ) had its target price boosted by Barclays from $260.00 to $340.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Barclays‘s price objective indicates a potential upside of 6.52% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MasTec in a report on Friday. Jefferies Financial Group boosted their price target on shares of MasTec from $271.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Wolfe Research restated an “outperform” rating and issued a $326.00 price objective on shares of MasTec in a report on Monday, March 2nd. Citigroup boosted their target price on shares of MasTec from $284.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Stifel Nicolaus increased their target price on MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $300.17.

MasTec Stock Up 4.4%

Shares of MasTec stock traded up $13.38 during trading hours on Tuesday, reaching $319.18. 366,656 shares of the company were exchanged, compared to its average volume of 994,582. The firm has a market cap of $25.18 billion, a PE ratio of 62.80 and a beta of 1.88. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32. MasTec has a 1 year low of $99.70 and a 1 year high of $328.69. The stock’s fifty day moving average is $278.67 and its 200 day moving average is $235.24.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.94 by $0.13. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the previous year, the firm posted $1.44 EPS. MasTec’s revenue for the quarter was up 15.8% on a year-over-year basis. 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, equities research analysts forecast that MasTec will post 3.44 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 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 completion of the transaction, the director owned 17,235 shares in the company, valued at $5,177,394. This represents a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Javier Alberto Palomarez sold 950 shares of MasTec 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 sale, the director owned 10,592 shares in the company, valued at $3,446,954.56. This trade represents a 8.23% 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.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its position in MasTec by 344.4% in the 3rd 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 last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in MasTec during the 4th quarter worth $30,000. Caldwell Trust Co acquired a new stake in shares of MasTec in the 2nd quarter worth $29,000. Princeton Global Asset Management LLC purchased a new stake in shares of MasTec in the third quarter valued at about $43,000. Finally, Root Financial Partners LLC acquired a new position in shares of MasTec during the third quarter worth about $49,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

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.