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

MasTec, Inc. (NYSE:MTZ) reached a new 52-week high 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. The stock had previously closed at $321.74.

Other analysts have also recently issued research reports about the company. Cantor Fitzgerald raised their target price on MasTec from $274.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Jefferies Financial Group upped their price target on MasTec from $271.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Robert W. Baird increased their price objective on MasTec from $249.00 to $348.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. DA Davidson raised their price objective on MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Citigroup lifted their target price on MasTec from $284.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $300.17.

Insider Buying and Selling at MasTec

In other news, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the transaction, the director directly owned 10,592 shares in the company, valued at $3,446,954.56. The trade was a 8.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the completion of the transaction, the director directly owned 17,235 shares in the company, valued at $5,177,394. This trade represents a 27.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On MasTec

A number of hedge funds and other institutional investors have recently made changes to their positions in MTZ. Salomon & Ludwin LLC grew its stake in shares of MasTec by 344.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after buying an additional 93 shares in the last quarter. Caldwell Trust Co bought a new position in MasTec during the second quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in MasTec in the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in MasTec in the third quarter valued at approximately $43,000. Finally, Root Financial Partners LLC bought a new stake in MasTec in the third quarter worth approximately $49,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Price Performance

The company’s 50-day simple moving average is $282.09 and its 200 day simple moving average is $236.85. The company has a market capitalization of $26.33 billion, a P/E ratio of 65.84 and a beta of 1.80. 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 released its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the firm earned $1.44 EPS. MasTec’s revenue for the quarter was up 15.8% on a year-over-year basis. 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, sell-side analysts expect 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.