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

MasTec, Inc. (NYSE:MTZ) Director Javier Alberto Palomarez sold 950 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were 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 of the company’s stock, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

MasTec Trading Up 3.2%

NYSE MTZ opened at $316.66 on Friday. The firm has a market capitalization of $24.98 billion, a PE ratio of 62.46 and a beta of 1.89. The stock’s 50 day moving average is $277.40 and its 200 day moving average is $233.71. MasTec, Inc. has a twelve month low of $99.70 and a twelve month high of $328.69. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65.

MasTec (NYSE:MTZ) last posted its quarterly earnings data 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 business had revenue of $3.94 billion during 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 firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.44 earnings per share. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. Research analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of MasTec from $270.00 to $356.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Cantor Fitzgerald raised their target price on shares of MasTec from $274.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Citigroup lifted 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. KeyCorp boosted their price target on MasTec from $264.00 to $335.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $295.72.

Institutional Trading of MasTec

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

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.