MasTec (NYSE:MTZ) Sets New 12-Month High on Analyst Upgrade

MasTec, Inc. (NYSE:MTZ) shares hit a new 52-week high on Monday after Truist Financial raised their price target on the stock from $356.00 to $425.00. Truist Financial currently has a buy rating on the stock. MasTec traded as high as $375.14 and last traded at $369.4670, with a volume of 40654 shares trading hands. The stock had previously closed at $370.89.

Other equities analysts have also issued reports about the stock. Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Robert W. Baird raised their price target on shares of MasTec from $249.00 to $348.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Barclays raised their price target on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Cantor Fitzgerald raised their price target on shares of MasTec from $274.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, Mizuho raised their price target on shares of MasTec from $254.00 to $362.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $329.17.

Insider Transactions at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total transaction 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 trade represents a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The stock was 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 approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MasTec

Several hedge funds have recently bought and sold shares of MTZ. Salomon & Ludwin LLC increased its holdings in 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 during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in MasTec in the 4th quarter valued at about $30,000. Root Financial Partners LLC bought a new position in MasTec in the 3rd quarter valued at about $49,000. CIBC Private Wealth Group LLC increased its holdings in MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after buying an additional 186 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares during the period. 78.10% of the stock is owned by institutional investors.

MasTec Trading Down 0.0%

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32. The stock has a market capitalization of $29.24 billion, a P/E ratio of 73.15 and a beta of 1.80. The firm’s fifty day simple moving average is $310.27 and its 200 day simple moving average is $250.85.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.94 by $0.13. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period last year, the firm earned $1.44 EPS. 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. As a group, equities research analysts forecast that MasTec, Inc. will post 8.2 EPS 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.