MasTec (NYSE:MTZ) Sets New 12-Month High Following Analyst Upgrade

MasTec, Inc. (NYSE:MTZ)’s share price reached a new 52-week high during mid-day trading on Tuesday after Mizuho raised their price target on the stock from $254.00 to $362.00. Mizuho currently has an outperform rating on the stock. MasTec traded as high as $310.36 and last traded at $305.31, with a volume of 1173879 shares trading hands. The stock had previously closed at $298.02.

Other equities analysts have also issued research reports about the stock. DA Davidson upped their price objective on shares of MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a report on Monday. Cantor Fitzgerald boosted their target price on MasTec from $274.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday. Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. KeyCorp increased their price target on MasTec from $264.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Citigroup boosted their price objective on MasTec from $284.00 to $350.00 and gave the company a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $283.79.

Key MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Record quarter, stronger guidance and backlog expansion: MasTec beat Q4 estimates (EPS $2.07 vs. $1.94 est.; revenue $3.94B vs. $3.71B est.), raised FY‑2026 outlook and reported an expanded infrastructure backlog — a direct driver of analyst optimism and buying interest. Read More.
• Positive Sentiment: Heavy analyst upgrades and price-target lifts: Multiple firms bumped ratings and targets (examples: Citigroup, Truist, Cantor Fitzgerald, Robert W. Baird, KeyCorp, DA Davidson, TD Cowen), pushing consensus upside and supporting the rally. Read More.
• Positive Sentiment: Fundamental momentum recognized by screens: Zacks highlighted MTZ’s growth and momentum characteristics, which can attract style-driven and momentum investors. Read More.
• Neutral Sentiment: Fresh 52‑week high / sector comparison: MTZ recently hit a new one‑year high and has outpaced many construction peers year‑to‑date, which is notable but increases expectations for continued execution. Read More.
• Negative Sentiment: Technical and valuation caution: Analysts and commentators note MTZ’s premium valuation (elevated EV/EBITDA and P/E on forward numbers) and overbought technical indicators, which can prompt short‑term profit taking and explain the intra‑day pullback. Read More.

Institutional Investors Weigh In On MasTec

Several institutional investors have recently bought and sold shares of MTZ. Aigen Investment Management LP boosted its holdings in MasTec by 3.8% during the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock worth $226,000 after acquiring an additional 38 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in MasTec by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock worth $636,000 after purchasing an additional 43 shares during the last quarter. Motley Fool Asset Management LLC grew its position in MasTec by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock worth $285,000 after purchasing an additional 47 shares in the last quarter. Versant Capital Management Inc increased its stake in MasTec by 4.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,092 shares of the construction company’s stock valued at $232,000 after buying an additional 51 shares during the last quarter. Finally, Williamson Legacy Group LLC increased its stake in MasTec by 0.9% in the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock valued at $1,296,000 after buying an additional 52 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Performance

The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65. The stock has a market cap of $23.74 billion, a P/E ratio of 59.36 and a beta of 1.89. The company’s 50-day simple moving average is $249.39 and its 200 day simple moving average is $218.60.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.13. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The business’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. As a group, sell-side analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

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.