Jefferies Financial Group Boosts MasTec (NYSE:MTZ) Price Target to $348.00

MasTec (NYSE:MTZ) had its target price boosted by equities researchers at Jefferies Financial Group from $271.00 to $348.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Jefferies Financial Group’s price target suggests a potential upside of 20.13% from the stock’s current price.

MTZ has been the topic of several other research reports. TD Cowen boosted 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. Cantor Fitzgerald increased their price objective on MasTec from $274.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Wolfe Research reissued an “outperform” rating and issued a $326.00 target price on shares of MasTec in a report on Monday, March 2nd. Zacks Research downgraded MasTec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Stifel Nicolaus raised their target price on shares of MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.84.

MasTec Stock Performance

NYSE:MTZ opened at $289.69 on Friday. The firm has a market capitalization of $22.85 billion, a PE ratio of 57.14 and a beta of 1.89. The business’s fifty day moving average price is $261.32 and its 200 day moving average price is $225.02. 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 has a 12 month low of $99.70 and a 12 month high of $310.36.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.13. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the business earned $1.44 EPS. MasTec’s revenue for the quarter was up 15.8% on a year-over-year basis. 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, sell-side analysts anticipate that MasTec will post 3.44 earnings per share for the current fiscal year.

Insider Activity at MasTec

In other 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 transaction of $1,952,600.00. Following the transaction, the director directly owned 17,235 shares of the company’s stock, valued at $5,177,394. This represents a 27.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 21.30% of the company’s stock.

Institutional Trading of MasTec

Several hedge funds and other institutional investors have recently made changes to their positions in MTZ. Salomon & Ludwin LLC grew its position in MasTec by 344.4% during the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after buying an additional 93 shares during the period. Caldwell Trust Co acquired a new stake in shares of MasTec during the 2nd quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of MasTec during the 4th quarter valued at approximately $30,000. Evelyn Partners Asset Management Ltd purchased a new stake in shares of MasTec during the 2nd quarter worth approximately $43,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of MasTec during the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

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.