MasTec (NYSE:MTZ) Given New $545.00 Price Target at Cantor Fitzgerald

MasTec (NYSE:MTZ) had its price target boosted by stock analysts at Cantor Fitzgerald from $347.00 to $545.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Cantor Fitzgerald’s target price points to a potential upside of 30.78% from the stock’s previous close.

A number of other analysts have also recently commented on MTZ. Wall Street Zen upgraded shares of MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. KeyCorp boosted their price objective on shares of MasTec from $406.00 to $460.00 and gave the company an “overweight” rating in a report on Monday, May 4th. TD Cowen raised their target price on MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Mizuho boosted their price target on MasTec from $428.00 to $498.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $493.00 price objective on shares of MasTec in a report on Monday, May 4th. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $433.94.

MasTec Stock Up 0.6%

NYSE MTZ traded up $2.45 on Monday, hitting $416.74. The stock had a trading volume of 27,913 shares, compared to its average volume of 943,613. MasTec has a 52-week low of $145.46 and a 52-week high of $441.43. The business’s fifty day moving average price is $336.83 and its 200 day moving average price is $265.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The stock has a market cap of $32.93 billion, a price-to-earnings ratio of 72.75 and a beta of 1.82.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the business earned $0.51 EPS. The firm’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. Equities research analysts anticipate that MasTec will post 8.52 earnings per share for the current year.

Insider Buying and Selling at MasTec

In other news, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 10,592 shares of the company’s stock, valued at $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $1,251,000.00. Following the completion of the sale, the director owned 30,646 shares of the company’s stock, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 10,450 shares of company stock worth $3,512,759. Corporate insiders own 21.40% of the company’s stock.

Institutional Trading of MasTec

A number of hedge funds and other institutional investors have recently modified their holdings of MTZ. Victory Capital Management Inc. grew its stake in shares of MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after buying an additional 1,690,896 shares during the period. Peconic Partners LLC lifted its holdings in shares of MasTec by 113.3% in the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after acquiring an additional 850,000 shares during the last quarter. Coatue Management LLC purchased a new position in shares of MasTec during the 4th quarter worth approximately $147,357,000. 140 Summer Partners LP acquired a new stake in MasTec in the 3rd quarter valued at approximately $81,514,000. Finally, First Trust Advisors LP lifted its stake in MasTec by 52.1% during the third quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock worth $217,529,000 after purchasing an additional 350,228 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

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.