MasTec (NYSE:MTZ) Given New $420.00 Price Target at UBS Group

MasTec (NYSE:MTZ) had its price objective upped by UBS Group from $354.00 to $420.00 in a research report released on Monday,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

Other research analysts have also recently issued reports about the stock. Mizuho lifted their target price on shares of MasTec from $254.00 to $362.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. KeyCorp lifted their target price on shares of MasTec from $264.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Wolfe Research reaffirmed an “outperform” rating and issued a $326.00 target price on shares of MasTec in a report on Monday, March 2nd. TD Cowen lifted their target price on shares of MasTec from $225.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, MasTec currently has a consensus rating of “Moderate Buy” and a consensus price target of $309.50.

MasTec Stock Up 1.3%

Shares of MasTec stock opened at $366.03 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32. The stock has a market capitalization of $28.88 billion, a PE ratio of 72.20 and a beta of 1.80. MasTec has a 52-week low of $109.68 and a 52-week high of $367.85. The company has a 50-day simple moving average of $298.60 and a two-hundred day simple moving average of $245.41.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.13. The business 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 business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company earned $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, analysts anticipate that MasTec will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the sale, the director owned 10,592 shares of the company’s stock, valued at $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 21.30% of the company’s stock.

Hedge Funds Weigh In On MasTec

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Aigen Investment Management LP boosted its holdings in shares of MasTec by 3.8% in the fourth quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock worth $226,000 after buying an additional 38 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of MasTec by 1.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock worth $636,000 after buying an additional 43 shares during the last quarter. Motley Fool Asset Management LLC boosted its holdings in shares of MasTec by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock worth $285,000 after buying an additional 47 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of MasTec by 4.9% in the third quarter. Versant Capital Management Inc now owns 1,092 shares of the construction company’s stock worth $232,000 after buying an additional 51 shares during the last quarter. Finally, Williamson Legacy Group LLC boosted its holdings in shares of MasTec by 0.9% in the fourth quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after buying an additional 52 shares during the last quarter. Hedge funds and other 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.