Robert W. Baird Boosts MasTec (NYSE:MTZ) Price Target to $348.00

MasTec (NYSE:MTZ) had its price target raised by equities researchers at Robert W. Baird from $249.00 to $348.00 in a report released on Monday,Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s target price indicates a potential upside of 15.63% from the stock’s previous close.

A number of other research firms have also commented on MTZ. TD Cowen upped their price target on MasTec from $225.00 to $320.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of MasTec in a report on Monday, December 29th. Cantor Fitzgerald started coverage on shares of MasTec in a research report on Friday, January 23rd. They set an “overweight” rating and a $274.00 target price for the company. Truist Financial raised their price target on shares of MasTec from $270.00 to $356.00 and gave the stock a “buy” rating in a report on Monday. Finally, Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $283.79.

MasTec Trading Down 1.2%

Shares of NYSE MTZ opened at $300.95 on Monday. The firm has a 50 day moving average price of $249.39 and a two-hundred day moving average price of $218.60. The stock has a market cap of $23.74 billion, a P/E ratio of 59.36 and a beta of 1.89. MasTec has a 52-week low of $99.70 and a 52-week high of $310.36. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.13. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. MasTec’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter 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. As a group, equities analysts forecast that MasTec will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC grew 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 purchasing an additional 93 shares during the period. Caldwell Trust Co bought a new position in shares of MasTec during the 2nd quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of MasTec in the 4th quarter valued at about $30,000. Parkside Financial Bank & Trust increased its position in MasTec by 253.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock valued at $33,000 after buying an additional 137 shares in the last quarter. Finally, Evelyn Partners Asset Management Ltd acquired a new position in MasTec during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec News Roundup

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Record quarter, stronger guidance and backlog expansion: MasTec beat Q4 estimates (EPS $2.07 vs. $1.94 est.; revenue $3.94B vs. $3.71B est.), raised FY‑2026 outlook and reported an expanded infrastructure backlog — a direct driver of analyst optimism and buying interest. Read More.
• Positive Sentiment: Heavy analyst upgrades and price-target lifts: Multiple firms bumped ratings and targets (examples: Citigroup, Truist, Cantor Fitzgerald, Robert W. Baird, KeyCorp, DA Davidson, TD Cowen), pushing consensus upside and supporting the rally. Read More.
• Positive Sentiment: Fundamental momentum recognized by screens: Zacks highlighted MTZ’s growth and momentum characteristics, which can attract style-driven and momentum investors. Read More.
• Neutral Sentiment: Fresh 52‑week high / sector comparison: MTZ recently hit a new one‑year high and has outpaced many construction peers year‑to‑date, which is notable but increases expectations for continued execution. Read More.
• Negative Sentiment: Technical and valuation caution: Analysts and commentators note MTZ’s premium valuation (elevated EV/EBITDA and P/E on forward numbers) and overbought technical indicators, which can prompt short‑term profit taking and explain the intra‑day pullback. Read More.

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.