MasTec (NYSE:MTZ) Stock Price Up 6.4% on Analyst Upgrade

MasTec, Inc. (NYSE:MTZ) shares shot up 6.4% on Wednesday after Mizuho raised their price target on the stock from $498.00 to $502.00. Mizuho currently has an outperform rating on the stock. MasTec traded as high as $386.98 and last traded at $381.9780. Approximately 166,420 shares changed hands during trading, a decline of 84% from the average daily volume of 1,024,025 shares. The stock had previously closed at $358.85.

A number of other research firms have also weighed in on MTZ. KeyCorp upped their target price on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. raised their price target on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Cantor Fitzgerald upped their price target on shares of MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Barclays upped their price target on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Finally, B. Riley Financial reissued a “buy” rating on shares of MasTec in a research note on Monday, May 4th. Nineteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $461.28.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the transaction, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the sale, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 21.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On MasTec

Several institutional investors have recently bought and sold shares of MTZ. Ascentis Independent Advisors bought a new stake in MasTec in the first quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of MasTec during the fourth quarter valued at approximately $30,000. GHP Investment Advisors Inc. bought a new position in shares of MasTec in the first quarter worth approximately $65,000. Harbor Investment Advisory LLC grew its holdings in shares of MasTec by 486.1% in the second quarter. Harbor Investment Advisory LLC now owns 211 shares of the construction company’s stock worth $88,000 after purchasing an additional 175 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Stock Up 5.2%

The company has a market capitalization of $29.84 billion, a P/E ratio of 66.14 and a beta of 1.77. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The stock’s fifty day moving average is $387.61 and its 200 day moving average is $318.92.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The company’s revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Research analysts predict that MasTec, Inc. will post 8.5 EPS for the current fiscal year.

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.