MasTec (NYSE:MTZ) Price Target Raised to $487.00

MasTec (NYSE:MTZ) had its price target raised by analysts at The Goldman Sachs Group from $348.00 to $487.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 15.03% from the company’s previous close.

A number of other equities research analysts also recently issued reports on MTZ. TD Cowen boosted their price target on shares of MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird boosted their price target on shares of MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a research note on Monday. B. Riley Financial reissued a “buy” rating on shares of MasTec in a research note on Monday. Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Finally, Zacks Research downgraded shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Eighteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MasTec has a consensus rating of “Moderate Buy” and an average target price of $398.00.

MasTec Trading Up 1.4%

Shares of MasTec stock traded up $5.95 on Monday, reaching $423.36. The company had a trading volume of 545,354 shares, compared to its average volume of 947,748. The firm’s 50 day moving average price is $328.15 and its two-hundred day moving average price is $260.37. The firm has a market cap of $33.37 billion, a PE ratio of 74.14 and a beta of 1.82. MasTec has a 52-week low of $139.56 and a 52-week high of $429.04. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business’s revenue was up 34.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Sell-side analysts predict that MasTec will post 8.2 earnings per share for the current fiscal year.

Insider Activity at MasTec

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction that occurred 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 $3,446,954.56. The trade was a 8.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the business’s 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 transaction, the director owned 17,235 shares of the company’s stock, valued at $5,177,394. This trade represents a 27.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new position in MasTec during the 1st quarter worth approximately $30,000. Salomon & Ludwin LLC grew its holdings 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 acquiring an additional 93 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MasTec during the 4th quarter worth approximately $30,000. GHP Investment Advisors Inc. acquired a new position in MasTec during the 1st quarter worth approximately $65,000. Finally, Root Financial Partners LLC acquired a new position in MasTec during the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds 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.