MasTec (NYSE:MTZ) Price Target Raised to $348.00

MasTec (NYSE:MTZ) had its price target hoisted by analysts at Robert W. Baird from $249.00 to $348.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price objective suggests a potential upside of 13.33% from the stock’s current price.

MTZ has been the subject of a number of other reports. Mizuho set a $254.00 price target on MasTec in a report on Monday, November 3rd. TD Cowen raised their target price on shares of MasTec from $225.00 to $320.00 and gave the company a “buy” rating in a research note on Monday. KeyCorp lifted their price objective on shares of MasTec from $264.00 to $335.00 and gave the stock an “overweight” rating in a research report on Monday. Stifel Nicolaus lifted their price target on shares of MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Finally, Truist Financial boosted their price target on MasTec from $270.00 to $356.00 and gave the stock a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $270.74.

MasTec Trading Up 3.0%

NYSE MTZ traded up $9.06 on Monday, hitting $307.08. 563,429 shares of the stock were exchanged, compared to its average volume of 953,471. The company’s 50-day moving average price is $246.26 and its two-hundred day moving average price is $216.84. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. MasTec has a 52-week low of $99.70 and a 52-week high of $310.36. The company has a market capitalization of $24.23 billion, a price-to-earnings ratio of 60.49 and a beta of 1.94.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.94 by $0.13. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 earnings per share. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. Research analysts predict that MasTec will post 3.44 EPS for the current year.

Institutional Investors Weigh In On MasTec

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its holdings in MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after acquiring an additional 93 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of MasTec during the fourth quarter worth about $30,000. Caldwell Trust Co purchased a new position in shares of MasTec in the second quarter worth $29,000. Parkside Financial Bank & Trust boosted its holdings in shares of MasTec by 253.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock valued at $33,000 after purchasing an additional 137 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in MasTec during the 3rd quarter valued at approximately $43,000. 78.10% of the stock is currently owned by 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.