JPMorgan Chase & Co. Boosts MasTec (NYSE:MTZ) Price Target to $386.00

MasTec (NYSE:MTZ) had its price objective hoisted by JPMorgan Chase & Co. from $346.00 to $386.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 7.74% from the stock’s previous close.

Several other research analysts have also recently commented on MTZ. TD Cowen increased their price target on MasTec from $225.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Mizuho increased their price target on MasTec from $254.00 to $362.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. UBS Group increased their price target on MasTec from $354.00 to $420.00 and gave the company a “buy” rating in a research report on Monday. Cantor Fitzgerald increased their price target on MasTec from $274.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Finally, Zacks Research cut MasTec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Seventeen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, MasTec has a consensus rating of “Moderate Buy” and an average target price of $317.89.

MasTec Stock Down 1.9%

Shares of NYSE:MTZ traded down $6.81 during midday trading on Thursday, reaching $358.26. The company had a trading volume of 667,120 shares, compared to its average volume of 950,917. MasTec has a 1-year low of $109.68 and a 1-year high of $371.62. The stock has a market cap of $28.24 billion, a PE ratio of 70.66 and a beta of 1.80. 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 business’s 50 day moving average price is $303.54 and its 200 day moving average price is $247.35.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, beating 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 firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the prior year, the firm posted $1.44 earnings per share. The business’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. Research analysts forecast that MasTec will post 3.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total value of $1,952,600.00. Following the transaction, the director directly owned 17,235 shares in the company, valued at $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the director owned 10,592 shares in the company, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.30% of the stock is currently owned by corporate insiders.

Institutional Trading of MasTec

Several hedge funds and other institutional investors have recently modified their holdings of MTZ. Aigen Investment Management LP grew its stake in MasTec by 3.8% in the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after buying an additional 38 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in MasTec by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock worth $636,000 after acquiring an additional 43 shares during the last quarter. Motley Fool Asset Management LLC lifted its position in MasTec by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock worth $285,000 after acquiring an additional 47 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of MasTec by 4.9% during the third quarter. Versant Capital Management Inc now owns 1,092 shares of the construction company’s stock worth $232,000 after acquiring an additional 51 shares during the period. Finally, Williamson Legacy Group LLC boosted its holdings in shares of MasTec by 0.9% during the fourth quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after acquiring an additional 52 shares during the period. Institutional investors own 78.10% of the company’s stock.

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.