MasTec (NYSE:MTZ) Sets New 52-Week High on Analyst Upgrade

MasTec, Inc. (NYSE:MTZ)’s stock 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.

A number of other equities analysts have also recently commented on MTZ. TD Cowen raised their target price on MasTec from $225.00 to $320.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Truist Financial increased their price target on shares of MasTec from $270.00 to $356.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Stifel Nicolaus raised their price objective on shares of MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Citigroup lifted their price objective 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 reaffirmed a “hold (c+)” rating on shares of MasTec in a research note on Friday. Seventeen 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 an average rating of “Moderate Buy” and a consensus target price of $300.17.

Insider Activity

In other news, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction dated 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 transaction, the director owned 10,592 shares in the company, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total value of $1,952,600.00. Following the transaction, the director directly owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This represents a 27.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of MasTec by 92.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 65,027 shares of the construction company’s stock worth $13,981,000 after buying an additional 31,218 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of MasTec by 14.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,593 shares of the construction company’s stock valued at $3,531,000 after buying an additional 2,158 shares during the last quarter. Bridge City Capital LLC raised its stake in MasTec by 27.2% during the 2nd quarter. Bridge City Capital LLC now owns 49,357 shares of the construction company’s stock worth $8,412,000 after acquiring an additional 10,565 shares in the last quarter. Marco Investment Management LLC raised its stake in MasTec by 28.2% during the 3rd quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company’s stock worth $6,726,000 after acquiring an additional 6,955 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new stake in MasTec in the second quarter valued at $12,366,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Trading Up 4.6%

The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $26.54 billion, a PE ratio of 66.36 and a beta of 1.89. The business’s 50-day moving average is $280.29 and its two-hundred day moving average is $236.17.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.13. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the company posted $1.44 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. 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, analysts anticipate 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.