Javier Alberto Palomarez Sells 950 Shares of MasTec (NYSE:MTZ) Stock

MasTec, Inc. (NYSE:MTZ) 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 directly owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

MasTec Price Performance

Shares of MTZ opened at $316.66 on Friday. The firm has a fifty day simple moving average of $277.40 and a two-hundred day simple moving average of $233.71. The firm has a market cap of $24.98 billion, a PE ratio of 62.46 and a beta of 1.89. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65. MasTec, Inc. has a 1-year low of $99.70 and a 1-year high of $328.69.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.13. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last 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. On average, equities analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC grew its stake in shares of MasTec by 344.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after acquiring an additional 93 shares during the period. Caldwell Trust Co purchased a new stake in MasTec in the 2nd quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in MasTec during the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC bought a new stake in MasTec during the 3rd quarter worth approximately $43,000. Finally, Root Financial Partners LLC purchased a new position in MasTec during the third quarter valued at approximately $49,000. Institutional investors own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Zacks Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Cantor Fitzgerald raised their price objective on shares of MasTec from $274.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Robert W. Baird boosted their target price on shares of MasTec from $249.00 to $348.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Citigroup upped their target price on shares of MasTec from $284.00 to $350.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of MasTec in a research report on Monday, December 29th. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, MasTec currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.72.

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.