TD Cowen Boosts MasTec (NYSE:MTZ) Price Target to $320.00

MasTec (NYSE:MTZ) had its price target boosted by TD Cowen from $225.00 to $320.00 in a report issued on Monday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the construction company’s stock. TD Cowen’s target price would indicate a potential upside of 6.33% from the company’s current price.

A number of other brokerages have also weighed in on MTZ. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MasTec in a research note on Monday, December 29th. Mizuho set a $254.00 target price on MasTec in a research report on Monday, November 3rd. Wolfe Research reaffirmed an “outperform” rating and issued a $326.00 price target on shares of MasTec in a research note on Monday. Barclays increased their price objective on MasTec from $240.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Finally, Robert W. Baird raised their price objective on MasTec from $238.00 to $249.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, MasTec has an average rating of “Buy” and a consensus price target of $283.79.

MasTec Trading Down 1.2%

Shares of NYSE:MTZ opened at $300.95 on Monday. The business’s 50 day moving average price is $249.39 and its 200-day moving average price is $218.60. MasTec has a 1 year low of $99.70 and a 1 year high of $310.36. The firm has a market capitalization of $23.74 billion, a price-to-earnings ratio of 59.36 and a beta of 1.89. 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 (NYSE:MTZ) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.13. The company had revenue of $3.94 billion during 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%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the business 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. On average, equities research analysts forecast that MasTec will post 3.44 earnings per share for the current fiscal year.

Institutional Trading of MasTec

Hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in shares of MasTec by 178.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after acquiring an additional 1,690,896 shares during the period. Peconic Partners LLC increased its position in MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after purchasing an additional 850,000 shares during the last quarter. Coatue Management LLC purchased a new position in MasTec during the fourth quarter worth about $147,357,000. Qube Research & Technologies Ltd boosted its holdings in MasTec by 370.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 506,857 shares of the construction company’s stock valued at $86,384,000 after purchasing an additional 399,007 shares during the last quarter. Finally, 140 Summer Partners LP acquired a new position in MasTec in the 3rd quarter valued at about $81,514,000. 78.10% of the stock is owned by institutional investors and hedge funds.

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.

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.