MasTec (NYSE:MTZ) Price Target Raised to $350.00 at DA Davidson

MasTec (NYSE:MTZ) had its target price raised by analysts at DA Davidson from $250.00 to $350.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. DA Davidson’s target price indicates a potential upside of 14.86% from the stock’s current price.

MTZ has been the topic of several other research reports. Barclays lifted their target price on shares of MasTec from $240.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of MasTec in a research note on Monday, December 29th. Mizuho set a $254.00 target price on shares of MasTec in a research report on Monday, November 3rd. Cantor Fitzgerald raised their price objective on shares of MasTec from $274.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Citigroup increased their target price on shares of MasTec from $284.00 to $350.00 and gave the company a “buy” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, MasTec currently has a consensus rating of “Buy” and an average price target of $278.11.

MasTec Stock Performance

MTZ traded up $6.70 on Monday, hitting $304.72. 714,198 shares of the company traded hands, compared to its average volume of 956,659. MasTec has a 12-month low of $99.70 and a 12-month high of $310.36. The company has a 50 day moving average of $246.26 and a 200-day moving average of $216.84. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $24.04 billion, a PE ratio of 60.10 and a beta of 1.94.

MasTec (NYSE:MTZ) last released its quarterly 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. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. Sell-side analysts anticipate that MasTec will post 3.44 earnings per share for the current year.

Hedge Funds Weigh In On MasTec

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in MasTec by 0.6% during the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock worth $1,278,391,000 after acquiring an additional 34,899 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after purchasing an additional 1,690,896 shares during the last quarter. Invesco Ltd. increased its stake in MasTec by 6.1% in the second quarter. Invesco Ltd. now owns 1,765,049 shares of the construction company’s stock valued at $300,817,000 after purchasing an additional 102,072 shares during the last quarter. Hood River Capital Management LLC lifted its position in MasTec by 8.9% during the second quarter. Hood River Capital Management LLC now owns 1,692,656 shares of the construction company’s stock worth $288,479,000 after buying an additional 138,269 shares during the period. Finally, Peconic Partners LLC boosted its stake in 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 buying an additional 850,000 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Key MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Truist raised its price target on MTZ to $356 and maintained a “buy” rating, signaling strong analyst conviction and implying additional upside for the shares. MasTec (MTZ) PT Raised to $356 at Truist Securities
• Positive Sentiment: KeyCorp boosted its target to $335 and upgraded its stance to “overweight,” another institutional endorsement that supports the stock’s rally. KeyCorp Raises PT to $335 on MasTec
• Positive Sentiment: TD Cowen raised its price target to $320 and kept a “buy” rating, adding to the cluster of recent upward revisions from sell-side firms and reinforcing positive sentiment around MTZ.
• Neutral Sentiment: Zacks published a piece comparing MasTec to construction peers, examining relative performance this year—useful context for investors assessing whether MTZ’s run is company-specific or sector-driven. Is MasTec (MTZ) Stock Outpacing Its Construction Peers This Year?
• Neutral Sentiment: Zacks also noted MTZ has reached a 52-week high and reviewed the company’s fundamentals to assess further upside potential—useful for investors deciding whether momentum is sustainable. MasTec, Inc. (MTZ) Hits Fresh High: Is There Still Room to Run?

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.