MasTec (NYSE:MTZ) Price Target Raised to $581.00 at Cantor Fitzgerald

MasTec (NYSE:MTZ) had its price objective lifted by research analysts at Cantor Fitzgerald from $545.00 to $581.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 47.34% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. UBS Group increased their target price on shares of MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. TD Cowen boosted their price target on shares of MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a research report on Monday, May 4th. KeyCorp raised their price objective on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Mizuho lifted their target price on shares of MasTec from $498.00 to $502.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Stifel Nicolaus set a $455.00 target price on MasTec in a report on Monday, May 4th. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $463.39.

MasTec Price Performance

MTZ stock traded up $11.44 during trading on Thursday, hitting $394.33. The company had a trading volume of 185,428 shares, compared to its average volume of 1,031,296. The company has a fifty day moving average price of $387.56 and a two-hundred day moving average price of $320.11. MasTec has a fifty-two week low of $160.08 and a fifty-two week high of $441.43. The company has a market cap of $31.16 billion, a P/E ratio of 68.74 and a beta of 1.77. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.41. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 earnings per share. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Equities research analysts expect that MasTec will post 8.5 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the sale, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the sale, the director directly owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This represents a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Everhart Financial Group Inc. raised its position in shares of MasTec by 5.4% during the second quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock worth $364,000 after acquiring an additional 45 shares during the last quarter. Trust Point Inc. bought a new position in MasTec in the second quarter valued at about $234,000. PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in MasTec by 93.7% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 13,229 shares of the construction company’s stock valued at $5,504,000 after acquiring an additional 6,400 shares during the last quarter. GAMMA Investing LLC increased its position in MasTec by 8.7% in the second quarter. GAMMA Investing LLC now owns 2,191 shares of the construction company’s stock worth $912,000 after purchasing an additional 176 shares during the period. Finally, Avior Wealth Management LLC increased its position in MasTec by 18.9% in the second quarter. Avior Wealth Management LLC now owns 1,464 shares of the construction company’s stock worth $609,000 after purchasing an additional 233 shares during the period. 78.10% of the stock is currently owned by institutional investors.

MasTec News Roundup

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec agreed to buy The Superior Group for $1.65 billion in a cash-and-stock deal, a move that should deepen its electrical contracting capabilities and strengthen its position in data center and mission-critical projects. Business Wire article
• Positive Sentiment: Analysts said the Superior deal could boost revenue, EBITDA, and EPS starting in 2026, while also expanding MasTec’s data center electrical capabilities and AI infrastructure footprint. Zacks article
• Positive Sentiment: Mizuho raised its price target on MTZ to $502 and kept an outperform rating, reinforcing bullish sentiment around the company’s growth outlook. Benzinga article
• Positive Sentiment: Optimistic commentary highlighted MasTec’s strong backlog, AI-driven power demand, and broadband/energy-transition opportunities as reasons the stock may deserve a premium valuation. Seeking Alpha article
• Neutral Sentiment: Some market coverage focused on the stock as a notable Wednesday mover, reflecting active trading around the acquisition news rather than a separate fundamental catalyst. Seeking Alpha news article
• Negative Sentiment: A few analysts and commentators warned the deal may be expensive and not automatically create value, suggesting investors are also weighing integration risk and valuation concerns. Seeking Alpha article

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.