MasTec (NYSE:MTZ) Hits New 1-Year High After Analyst Upgrade
by Doug Wharley · The Cerbat GemMasTec, Inc. (NYSE:MTZ – Get Free Report) reached a new 52-week high during mid-day trading 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 changing hands. The stock had previously closed at $370.89.
A number of other analysts have also weighed in on the stock. UBS Group increased their price objective on shares of MasTec from $354.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Mizuho increased their price objective on shares of MasTec from $254.00 to $362.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded shares of MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. KeyCorp raised their price objective on shares of MasTec from $264.00 to $335.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MasTec in a research note on Friday, March 27th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $329.17.
Insiders Place Their Bets
In related news, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction 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 sale, the director owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on 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 completion of the sale, the director directly owned 17,235 shares in the company, valued at $5,177,394. This represents a 27.39% decrease in their position. The SEC filing for this sale provides additional information. 21.30% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On MasTec
Institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC grew its stake 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 acquiring an additional 93 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of MasTec in the fourth quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of MasTec in the third quarter worth approximately $43,000. Root Financial Partners LLC acquired a new stake in shares of MasTec in the third quarter worth approximately $49,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after acquiring an additional 186 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.
MasTec Price Performance
The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. The stock has a 50 day moving average price of $308.10 and a 200-day moving average price of $249.75. The stock has a market capitalization of $29.09 billion, a price-to-earnings ratio of 72.87 and a beta of 1.80.
MasTec (NYSE:MTZ – Get Free Report) last issued its earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.13. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 EPS. 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 forecast that MasTec, Inc. will post 3.44 earnings per share for the current year.
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.