MasTec (NYSE:MTZ) Given New $581.00 Price Target at Cantor Fitzgerald

MasTec (NYSE:MTZ) had its price objective boosted by Cantor Fitzgerald from $545.00 to $581.00 in a research note issued to investors on Thursday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the construction company’s stock.

A number of other research analysts have also recently weighed in on MTZ. Zacks Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. TD Cowen increased their price objective on shares of MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. CICC Research initiated coverage on shares of MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price on the stock. Guggenheim upgraded shares of MasTec from a “neutral” rating to a “buy” rating and set a $480.00 target price on the stock in a report on Wednesday, May 13th. Finally, Truist Financial upped their price target on shares of MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Nineteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $463.39.

MasTec Stock Up 0.3%

Shares of MTZ opened at $383.97 on Thursday. MasTec has a fifty-two week low of $160.08 and a fifty-two week high of $441.43. The company’s fifty day moving average is $387.73 and its two-hundred day moving average is $321.28. The firm has a market cap of $30.34 billion, a PE ratio of 67.25 and a beta of 1.77. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The business’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Analysts forecast that MasTec will post 8.5 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Trading of MasTec

A number of hedge funds and other institutional investors have recently made changes to their positions in MTZ. Earned Wealth Advisors LLC lifted its holdings in MasTec by 2.8% in the 1st quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock valued at $326,000 after acquiring an additional 28 shares during the last quarter. Aigen Investment Management LP boosted its holdings in MasTec by 3.8% during 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 in the last quarter. Stratos Wealth Partners LTD. grew its position in 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. Everhart Financial Group Inc. grew its position in MasTec by 5.4% in the second quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock worth $364,000 after buying an additional 45 shares during the last quarter. Finally, Motley Fool Asset Management LLC increased 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 valued at $285,000 after buying an additional 47 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec News Roundup

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target on MasTec to $581 from $545 and reiterated an overweight rating, signaling confidence in further upside from current levels. Benzinga report
• Positive Sentiment: Mizuho also lifted its price target to $502 from $498 and kept an outperform rating, adding to the bullish analyst sentiment around MTZ. Benzinga report
• Positive Sentiment: MasTec announced a $1.65 billion cash-and-stock deal to acquire The Superior Group, a move expected to strengthen its electrical contracting capabilities and accelerate growth in AI/data center infrastructure. Reuters article
• Neutral Sentiment: Some commentary argues the acquisition may not be enough to justify the stock’s elevated valuation, suggesting investors are weighing the growth benefits against the price paid. Seeking Alpha article
• Negative Sentiment: One market note said MTZ shares fell after the Superior Group announcement, reflecting some concern about deal execution and dilution, even as the strategic rationale remains intact. Blockonomi article

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.