Short Interest in MasTec, Inc. (NYSE:MTZ) Drops By 12.9%

MasTec, Inc. (NYSE:MTZ) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 2,455,571 shares, a decline of 12.9% from the January 29th total of 2,819,453 shares. Based on an average daily volume of 943,318 shares, the short-interest ratio is currently 2.6 days. Approximately 4.0% of the company’s shares are short sold. Approximately 4.0% of the company’s shares are short sold. Based on an average daily volume of 943,318 shares, the short-interest ratio is currently 2.6 days.

Hedge Funds Weigh In On MasTec

Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. increased its stake in MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after buying an additional 1,690,896 shares during the last quarter. Peconic Partners LLC raised its holdings in MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after acquiring an additional 850,000 shares in the last quarter. Coatue Management LLC acquired a new position in MasTec during the fourth quarter valued at approximately $147,357,000. Qube Research & Technologies Ltd grew its stake in MasTec by 370.0% in the second quarter. Qube Research & Technologies Ltd now owns 506,857 shares of the construction company’s stock valued at $86,384,000 after purchasing an additional 399,007 shares in the last quarter. Finally, 140 Summer Partners LP acquired a new position in shares of MasTec during the 3rd quarter worth approximately $81,514,000. 78.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MTZ shares. Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. TD Cowen lifted their price objective on MasTec from $225.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus raised their target price on shares of MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Zacks Research upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Finally, Citigroup increased their price objective on shares of MasTec from $284.00 to $350.00 and gave the company a “buy” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, MasTec has an average rating of “Buy” and an average target price of $283.79.

MasTec Trading Down 3.1%

NYSE MTZ traded down $9.45 during trading on Thursday, reaching $294.42. 832,209 shares of the stock traded hands, compared to its average volume of 966,324. MasTec has a fifty-two week low of $99.70 and a fifty-two week high of $310.36. 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 firm has a market cap of $23.23 billion, a price-to-earnings ratio of 58.07 and a beta of 1.89. The stock’s 50-day moving average price is $251.00 and its 200 day moving average price is $219.19.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.13. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The firm’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Analysts predict that MasTec will post 3.44 EPS 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.