MasTec (NYSE:MTZ) Hits New 12-Month High – What’s Next?

MasTec, Inc. (NYSE:MTZ) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $310.64 and last traded at $306.8180, with a volume of 55821 shares changing hands. The stock had previously closed at $304.67.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Cantor Fitzgerald increased their price target on shares of MasTec from $274.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. DA Davidson lifted 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. Stifel Nicolaus upped their target price on MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Wolfe Research reiterated an “outperform” rating and set a $326.00 target price on shares of MasTec in a report on Monday, March 2nd. Finally, TD Cowen raised their price target on MasTec from $225.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Seventeen equities 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 a consensus rating of “Moderate Buy” and an average price target of $295.72.

MasTec Trading Up 3.2%

The firm has a market capitalization of $24.68 billion, a PE ratio of 61.70 and a beta of 1.89. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average price is $267.24 and its 200 day moving average price is $228.13.

MasTec (NYSE:MTZ) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the business posted $1.44 earnings per share. The company’s revenue 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, analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the 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 transaction, the director owned 17,235 shares of the company’s stock, valued at $5,177,394. This represents a 27.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 21.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MasTec

Several institutional investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC boosted its stake in MasTec by 344.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after buying an additional 93 shares during the last quarter. Caldwell Trust Co acquired a new position in shares of MasTec during the 2nd quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of MasTec during the 4th quarter worth about $30,000. Evelyn Partners Asset Management Ltd purchased a new position in shares of MasTec during the 2nd quarter worth about $43,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of MasTec in the third quarter worth approximately $43,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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.