JPMorgan Chase & Co. Raises MasTec (NYSE:MTZ) Price Target to $491.00

MasTec (NYSE:MTZ) had its price target lifted by research analysts at JPMorgan Chase & Co. from $471.00 to $491.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 17.06% from the stock’s previous close.

A number of other analysts have also weighed in on MTZ. Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Truist Financial increased their target price on MasTec from $425.00 to $518.00 and gave the company a “buy” rating in a report on Monday, May 4th. TD Cowen upped their price objective on shares of MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, May 4th. KeyCorp increased their target price on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, DA Davidson boosted their price target on MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Eighteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $458.06.

MasTec Trading Down 0.2%

MTZ traded down $0.84 during trading hours on Wednesday, reaching $419.46. The company’s stock had a trading volume of 337,389 shares, compared to its average volume of 952,634. The stock has a market cap of $33.15 billion, a PE ratio of 73.49 and a beta of 1.82. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. MasTec has a fifty-two week low of $145.46 and a fifty-two week high of $441.43. The business’s 50-day moving average is $344.47 and its 200-day moving average is $269.65.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The company had revenue of $3.83 billion for 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 firm’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. As a group, equities research analysts predict that MasTec will post 8.52 earnings per share for the current fiscal year.

Insider Activity at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $417.00, for a total value of $1,251,000.00. Following the completion of the transaction, the director directly owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the transaction, the director directly owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,450 shares of company stock worth $3,512,759 over the last 90 days. Company insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors purchased a new position in MasTec in the first quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in MasTec in the fourth quarter valued at about $30,000. GHP Investment Advisors Inc. purchased a new position in MasTec in the first quarter valued at about $65,000. Root Financial Partners LLC purchased a new position in MasTec in the third quarter valued at about $49,000. Finally, CIBC Private Wealth Group LLC increased its holdings in MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after buying an additional 186 shares in the last quarter. 78.10% of the stock is 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.