MasTec (NYSE:MTZ) Given New $340.00 Price Target at Barclays

MasTec (NYSE:MTZ) had its price target boosted by Barclays from $260.00 to $340.00 in a report published on Tuesday,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

MTZ has been the topic of a number of other research reports. Stifel Nicolaus upped their price objective on shares of MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Cantor Fitzgerald boosted their price target on MasTec from $274.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of MasTec in a research note on Friday. Robert W. Baird raised their price objective on MasTec from $249.00 to $348.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $300.17.

MasTec Price Performance

MTZ opened at $321.36 on Tuesday. The stock has a fifty day simple moving average of $280.29 and a two-hundred day simple moving average of $236.17. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65. The company has a market cap of $25.35 billion, a price-to-earnings ratio of 63.38 and a beta of 1.89. MasTec has a 12-month low of $99.70 and a 12-month high of $328.69.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, February 26th. The construction company reported $2.07 EPS 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 analysts’ expectations of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 EPS. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. Research analysts predict that MasTec will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the sale, the director owned 10,592 shares in the company, valued at $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 17,235 shares of the company’s stock, valued at $5,177,394. This trade represents a 27.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 21.30% of the company’s stock.

Institutional Trading of MasTec

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of MasTec by 0.6% during the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock valued at $1,278,391,000 after purchasing an additional 34,899 shares in the last quarter. Victory Capital Management Inc. increased its holdings in MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after buying an additional 1,690,896 shares in the last quarter. Invesco Ltd. raised its position in MasTec by 6.1% in the 2nd quarter. Invesco Ltd. now owns 1,765,049 shares of the construction company’s stock worth $300,817,000 after buying an additional 102,072 shares during the last quarter. Hood River Capital Management LLC raised its position in MasTec by 8.9% in the 2nd quarter. Hood River Capital Management LLC now owns 1,692,656 shares of the construction company’s stock worth $288,479,000 after buying an additional 138,269 shares during the last quarter. Finally, Peconic Partners LLC lifted its stake in MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after acquiring an additional 850,000 shares during the period. Institutional investors 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.