MasTec (NYSE:MTZ) Sets New 52-Week High – Here’s Why

MasTec, Inc. (NYSE:MTZ) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $320.97 and last traded at $310.5610, with a volume of 948054 shares changing hands. The stock had previously closed at $300.58.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MTZ shares. Barclays increased their target price on shares of MasTec from $240.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Stifel Nicolaus upped their price objective on shares of MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Cantor Fitzgerald raised their price objective on MasTec from $274.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Mizuho lifted their target price on MasTec from $254.00 to $362.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, Citigroup boosted 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 research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $295.72.

MasTec Trading Up 3.3%

The firm has a market capitalization of $24.50 billion, a price-to-earnings ratio of 61.25 and a beta of 1.88. The business’s fifty day moving average is $270.61 and its 200 day moving average is $230.56. 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 announced 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. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the business earned $1.44 EPS. The company’s revenue for the quarter 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. Equities analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current year.

Insider Buying and Selling at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction dated 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 approximately $5,177,394. This trade represents a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MasTec

Institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its position in MasTec by 344.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after acquiring an additional 93 shares during the last quarter. Caldwell Trust Co acquired a new stake in shares of MasTec in the second quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of MasTec in the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC bought a new stake in shares of MasTec in the third quarter worth $43,000. Finally, Root Financial Partners LLC acquired a new position in MasTec during the third quarter worth $49,000. Institutional investors own 78.10% of the company’s stock.

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.