MasTec (NYSE:MTZ) Director Javier Alberto Palomarez Sells 950 Shares

MasTec, Inc. (NYSE:MTZ) Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the transaction, the director owned 10,592 shares in the company, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

MasTec Trading Up 3.2%

MasTec stock opened at $316.66 on Friday. 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 cap of $24.98 billion, a PE ratio of 62.46 and a beta of 1.89. The stock has a 50-day moving average of $277.40 and a two-hundred day moving average of $234.12. MasTec, Inc. has a one year low of $99.70 and a one year high of $328.69.

MasTec (NYSE:MTZ) last issued its quarterly 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. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The company’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 earnings per share. 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, research analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Institutional Trading of MasTec

Institutional investors and hedge funds have recently made changes to their positions in the business. Salomon & Ludwin LLC lifted its position in shares of MasTec by 344.4% during 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 in the last quarter. Caldwell Trust Co purchased a new stake in MasTec in the 2nd quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in MasTec in the 4th quarter worth $30,000. Princeton Global Asset Management LLC acquired a new position in MasTec during the third quarter worth $43,000. Finally, Root Financial Partners LLC purchased a new position in MasTec during the third quarter valued at $49,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTZ has been the topic of several analyst reports. Robert W. Baird raised their target price on MasTec from $249.00 to $348.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Cantor Fitzgerald raised their price objective on shares of MasTec from $274.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. KeyCorp boosted their target price on shares of MasTec from $264.00 to $335.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. TD Cowen increased their price target on shares of MasTec from $225.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Truist Financial raised their price target on shares of MasTec from $270.00 to $356.00 and gave the company a “buy” 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. According to MarketBeat, MasTec has a consensus rating of “Moderate Buy” and a consensus price target of $295.72.

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.