KeyCorp Boosts MasTec (NYSE:MTZ) Price Target to $500.00

MasTec (NYSE:MTZ) had its price objective upped by investment analysts at KeyCorp from $460.00 to $500.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. KeyCorp’s price target points to a potential upside of 18.97% from the company’s current price.

Several other equities analysts have also weighed in on MTZ. Wolfe Research restated an “outperform” rating and set a $326.00 price objective on shares of MasTec in a research report on Monday, March 2nd. Roth Mkm restated a “buy” rating and set a $450.00 price objective on shares of MasTec in a research report on Monday, May 4th. Citigroup raised their price objective on shares of MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Robert W. Baird raised their price objective on shares of MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $493.00 target price on shares of MasTec in a report on Monday, May 4th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $451.88.

MasTec Stock Performance

NYSE:MTZ opened at $420.26 on Wednesday. MasTec has a twelve month low of $145.46 and a twelve month high of $441.43. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average of $344.47 and a 200-day moving average of $269.65. The firm has a market cap of $33.21 billion, a price-to-earnings ratio of 73.60 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 34.5% on a year-over-year basis. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Analysts forecast that MasTec will post 8.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 30,646 shares of the company’s stock, valued at $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the sale, the director directly owned 10,592 shares of the company’s stock, valued at $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 10,450 shares of company stock worth $3,512,759. 21.40% of the stock is currently owned by company insiders.

Institutional Trading of MasTec

Hedge funds have recently made changes to their positions in the stock. Ascentis Independent Advisors bought a new position in shares of MasTec in the first quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of MasTec in the fourth quarter valued at approximately $30,000. GHP Investment Advisors Inc. bought a new position in shares of MasTec in the first quarter valued at approximately $65,000. Root Financial Partners LLC bought a new position in shares of MasTec in the third quarter valued at approximately $49,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of 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 purchasing an additional 186 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

About MasTec

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.