JPMorgan Chase & Co. Issues Positive Forecast for MasTec (NYSE:MTZ) Stock Price

MasTec (NYSE:MTZ) had its target price raised by JPMorgan Chase & Co. from $346.00 to $386.00 in a research report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Other equities research analysts have also issued reports about the stock. Wolfe Research reissued an “outperform” rating and set a $326.00 price objective on shares of MasTec in a report on Monday, March 2nd. Barclays upped their price target on shares of MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. DA Davidson upped their price target on shares of MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Mizuho upped their price target on shares of MasTec from $254.00 to $362.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Seventeen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $317.89.

MasTec Price Performance

Shares of MTZ opened at $358.26 on Thursday. The firm has a market capitalization of $28.24 billion, a PE ratio of 70.66 and a beta of 1.80. 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 1-year low of $109.68 and a 1-year high of $371.62. The company’s fifty day moving average price is $305.81 and its 200-day moving average price is $248.12.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The business’s quarterly revenue 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, equities research analysts predict that MasTec will post 3.44 EPS for the current year.

Insider Buying and Selling at MasTec

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the sale, the director directly owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the sale, the director directly owned 17,235 shares in the company, valued at approximately $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 21.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MasTec

Several hedge funds have recently modified their holdings of the company. Aigen Investment Management LP boosted its stake in shares of MasTec by 3.8% during the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock worth $226,000 after acquiring an additional 38 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of MasTec by 1.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock worth $636,000 after acquiring an additional 43 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in shares of MasTec by 3.7% during the 4th quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock worth $285,000 after acquiring an additional 47 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of MasTec by 4.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,092 shares of the construction company’s stock worth $232,000 after acquiring an additional 51 shares in the last quarter. Finally, Williamson Legacy Group LLC boosted its stake in shares of MasTec by 0.9% during the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after acquiring an additional 52 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

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.