MasTec (NYSE:MTZ) Sets New 1-Year High After Analyst Upgrade

MasTec, Inc. (NYSE:MTZ)’s share price hit a new 52-week high during mid-day trading on Wednesday after Barclays raised their price target on the stock from $260.00 to $340.00. Barclays currently has an overweight rating on the stock. MasTec traded as high as $335.86 and last traded at $335.9080, with a volume of 82818 shares trading hands. The stock had previously closed at $321.74.

Other research analysts also recently issued research reports about the company. Cantor Fitzgerald boosted their price target on MasTec from $274.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. KeyCorp raised their target price on shares of MasTec from $264.00 to $335.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Wall Street Zen upgraded shares of MasTec from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Mizuho upped their price target on shares of MasTec from $254.00 to $362.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, Stifel Nicolaus increased their price target on shares of MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.17.

Insider Buying and Selling at MasTec

In other MasTec news, 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 value of $309,158.50. Following the completion of the sale, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total value of $1,952,600.00. Following the completion of the sale, the director directly owned 17,235 shares of the company’s stock, valued at $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On MasTec

Several institutional investors have recently added to or reduced their stakes in MTZ. Vanguard Group Inc. grew its stake in shares of MasTec by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock worth $1,278,391,000 after purchasing an additional 34,899 shares during the last quarter. Victory Capital Management Inc. raised its position in MasTec by 178.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after purchasing an additional 1,690,896 shares during the last quarter. Invesco Ltd. lifted its holdings 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 period. Hood River Capital Management LLC lifted its holdings 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 period. Finally, Peconic Partners LLC grew its position in shares of MasTec by 113.3% in the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after buying an additional 850,000 shares during the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Stock Up 0.7%

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. The stock has a market capitalization of $26.51 billion, a PE ratio of 66.27 and a beta of 1.80. The company has a 50 day moving average price of $283.93 and a 200-day moving average price of $237.54.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share 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 net margin of 2.79% and a return on equity of 15.62%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. As a group, analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

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.