Barclays Forecasts Strong Price Appreciation for MasTec (NYSE:MTZ) Stock

MasTec (NYSE:MTZ) had its price target boosted by investment analysts at Barclays from $260.00 to $340.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Barclays‘s price target points to a potential upside of 6.52% from the stock’s previous close.

A number of other research analysts have also recently issued reports on MTZ. TD Cowen increased their target price on shares of MasTec from $225.00 to $320.00 and gave the company a “buy” rating in a report on Monday, March 2nd. KeyCorp upped their price target on MasTec from $264.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Jefferies Financial Group lifted their price objective on MasTec from $271.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Truist Financial boosted their target price on MasTec from $270.00 to $356.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Zacks Research cut MasTec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $300.17.

MasTec Price Performance

MTZ stock traded up $13.38 on Tuesday, reaching $319.18. 366,656 shares of the company’s stock were exchanged, compared to its average volume of 994,582. The stock has a fifty day moving average of $278.67 and a 200-day moving average of $235.24. MasTec has a twelve month low of $99.70 and a twelve month high of $328.69. 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 quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 2.79% and a return on equity of 15.62%. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 EPS. 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 analysts predict that MasTec will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling at MasTec

In other news, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the transaction, the director directly owned 10,592 shares of the company’s stock, valued at $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On MasTec

Hedge funds and other institutional investors have recently modified their holdings of the company. Aigen Investment Management LP raised its position in shares of MasTec by 3.8% in the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock worth $226,000 after buying an additional 38 shares during the period. Stratos Wealth Partners LTD. increased its stake 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 acquiring an additional 43 shares during the last quarter. Motley Fool Asset Management LLC raised 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 purchasing an additional 47 shares during the period. Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 51 shares in the last quarter. Finally, Williamson Legacy Group LLC grew its holdings in shares of MasTec by 0.9% during the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after purchasing an additional 52 shares during the period. 78.10% of the stock is currently owned by hedge funds and other 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.