Brokerages Set MasTec, Inc. (NYSE:MTZ) Target Price at $309.50

Shares of MasTec, Inc. (NYSE:MTZ) have been assigned a consensus rating of “Moderate Buy” from the twenty brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $325.3333.

A number of research analysts recently commented on MTZ shares. Citigroup raised their price objective on shares of MasTec from $284.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Robert W. Baird lifted their price target on shares of MasTec from $249.00 to $348.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. KeyCorp lifted their price target on shares of MasTec from $264.00 to $335.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Stifel Nicolaus lifted their price target on shares of MasTec from $335.00 to $401.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wall Street Zen upgraded shares of MasTec from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd.

Insider Activity at MasTec

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the transaction, the director owned 10,592 shares in the company, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the completion of the transaction, the director owned 17,235 shares in the company, valued at approximately $5,177,394. This trade represents a 27.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 21.30% of the company’s stock.

Hedge Funds Weigh In On MasTec

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its position in MasTec by 344.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after purchasing an additional 93 shares in the last quarter. Caldwell Trust Co purchased a new position in MasTec during the 2nd quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in MasTec during the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC purchased a new position in MasTec during the 3rd quarter worth approximately $43,000. Finally, Root Financial Partners LLC purchased a new position in MasTec during the 3rd quarter worth approximately $49,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Stifel raised its price target on MTZ to $401 (from $335) and kept a Buy rating, citing record-high transmission surveys that boost near-term demand for transmission and utility work. Stifel Raises MasTec’s Price Target as Transmission Surveys Hit Record Highs
• Positive Sentiment: JPMorgan raised its MTZ price target to $386 and maintains an overweight view, reinforcing analyst-driven upside and supporting multiple expansion expectations. Benzinga
• Positive Sentiment: Equity research coverage highlights MTZ among heavy construction names poised to benefit from accelerating infrastructure, telecom, data center and energy investment — a demand tailwind for MasTec’s services. 5 Heavy Construction Stocks to Watch as Infrastructure Picks Up
• Positive Sentiment: Fundamentals: MasTec beat Q4 estimates (EPS and revenue) earlier this year and provided FY2026 guidance that supports higher earnings expectations — a driver for investor confidence and valuation re-ratings. (Background company results)
• Neutral Sentiment: KeyCorp reiterated an Overweight stance and published updated quarterly EPS forecasts (Q1: $0.92, Q2: $2.05, Q4: $2.46) with a $335 target — useful modeling detail but less bullish than the higher targets from Stifel/JPMorgan. KeyCorp estimates (MarketBeat)
• Neutral Sentiment: MasTec scheduled its Q1 2026 earnings conference call — a near-term event investors will watch for revenue, backlog and margin commentary that could confirm or temper recent analyst optimism. MasTec Schedules First Quarter 2026 Earnings Conference Call
• Neutral Sentiment: Media pieces noting MTZ’s recent surge and its contribution to broader market strength provide momentum but are descriptive rather than new fundamental catalysts. MasTec Inc Surge Signals Strength In Nyse Composite Index

MasTec Price Performance

NYSE MTZ opened at $372.90 on Tuesday. MasTec has a 12 month low of $109.68 and a 12 month high of $373.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. The firm has a market capitalization of $29.40 billion, a PE ratio of 73.55 and a beta of 1.80. The company’s 50 day simple moving average is $308.10 and its 200 day simple moving average is $249.51.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the business earned $1.44 earnings per share. The business’s revenue for the quarter 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, equities research analysts forecast that MasTec will post 3.44 EPS for the current fiscal year.

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.