MasTec (NYSE:MTZ) Price Target Raised to $498.00

MasTec (NYSE:MTZ) had its price objective boosted by Mizuho from $428.00 to $498.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Mizuho’s price target indicates a potential upside of 17.16% from the company’s current price.

Several other research firms have also recently weighed in on MTZ. Jefferies Financial Group reissued a “buy” rating and set a $493.00 price objective on shares of MasTec in a report on Monday. B. Riley Financial reissued a “buy” rating on shares of MasTec in a report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of MasTec in a report on Friday, March 27th. Stifel Nicolaus set a $455.00 price objective on shares of MasTec in a report on Monday. Finally, Wolfe Research reissued an “outperform” rating and set a $326.00 price objective on shares of MasTec in a report on Monday, March 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $422.29.

MasTec Trading Up 1.8%

Shares of NYSE MTZ opened at $425.05 on Tuesday. The firm’s 50 day moving average price is $328.15 and its 200-day moving average price is $260.37. The company has a market cap of $33.51 billion, a PE ratio of 74.44 and a beta of 1.82. MasTec has a 52-week low of $139.56 and a 52-week high of $429.04. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32.

MasTec (NYSE:MTZ) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business’s revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, equities research analysts expect that MasTec will post 8.2 EPS for the current fiscal year.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the completion of the sale, the director directly owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This represents a 27.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the sale, the director directly owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is currently owned by corporate insiders.

Institutional Trading of MasTec

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans raised its position in shares of MasTec by 14.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,593 shares of the construction company’s stock valued at $3,531,000 after purchasing an additional 2,158 shares during the period. Marco Investment Management LLC boosted its holdings in MasTec by 28.2% in the 3rd quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company’s stock worth $6,726,000 after buying an additional 6,955 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in MasTec by 50.0% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock worth $15,325,000 after buying an additional 23,500 shares during the period. Fidelis Capital Partners LLC bought a new position in MasTec in the 3rd quarter worth $1,870,000. Finally, Stephens Inc. AR boosted its holdings in MasTec by 583.4% in the 3rd quarter. Stephens Inc. AR now owns 25,074 shares of the construction company’s stock worth $5,336,000 after buying an additional 21,405 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec reported record Q1 results and raised 2026 guidance, beating revenue and EPS expectations — the underlying strength and upgraded guidance underpin the bullish case for continued margin and revenue expansion. MasTec Is Up After Record Q1
• Positive Sentiment: Several sell-side firms raised price targets and kept Buy/Outperform ratings this week — notable moves include Goldman Sachs ($487 PT), Citi ($483 PT), TD Cowen ($445 PT) and Robert W. Baird ($473 PT). Those upgrades signal analyst confidence in MasTec’s backlog, end-market exposure and FY26 outlook, supporting further upside. Goldman Sachs / TickerReport Citi / Benzinga TD Cowen / TickerReport
• Positive Sentiment: Robert W. Baird issued a fresh positive forecast for MasTec, reinforcing the buy-side momentum and adding another reputable voice bullish on the stock. Baird Forecast
• Neutral Sentiment: Macro/sector note — a recent piece on AI data-center growth highlights rising demand for power and infrastructure services (the type of work MasTec executes). This is a broader tailwind but not company-specific proof of new awards. AI Data Centers Reshaping Power Market

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.