KeyCorp Boosts MasTec (NYSE:MTZ) Price Target to $335.00

MasTec (NYSE:MTZ) had its price target raised by investment analysts at KeyCorp from $264.00 to $335.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. KeyCorp’s price target points to a potential upside of 9.26% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Zacks Research upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Wolfe Research reiterated an “outperform” rating and issued a $326.00 price objective on shares of MasTec in a research note on Monday. Stifel Nicolaus lifted their price objective on MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Truist Financial boosted their price objective on MasTec from $270.00 to $356.00 and gave the company a “buy” rating in a research note on Monday. Finally, Mizuho set a $254.00 target price on shares of MasTec in a research report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, MasTec currently has an average rating of “Buy” and an average target price of $258.21.

MasTec Stock Performance

Shares of MTZ stock traded up $8.60 during trading on Monday, hitting $306.62. The company’s stock had a trading volume of 176,916 shares, compared to its average volume of 943,453. 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 company has a market cap of $24.19 billion, a PE ratio of 60.87 and a beta of 1.94. The business has a fifty day moving average of $246.26 and a 200-day moving average of $216.84. MasTec has a 52 week low of $99.70 and a 52 week high of $306.90.

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. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The business’s revenue 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, research analysts anticipate that MasTec will post 3.44 earnings per share for the current year.

Hedge Funds Weigh In On MasTec

A number of institutional investors have recently added to or reduced their stakes in the business. Aigen Investment Management LP boosted its position in shares of MasTec by 3.8% during the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after acquiring an additional 38 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in MasTec by 1.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock worth $636,000 after buying an additional 43 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in shares of 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 buying an additional 47 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of MasTec by 4.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,092 shares of the construction company’s stock valued at $232,000 after purchasing an additional 51 shares during the last quarter. Finally, Williamson Legacy Group LLC raised its position in shares of MasTec by 0.9% in the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after acquiring an additional 52 shares in the last quarter. 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.