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

MasTec, Inc. (NYSE:MTZ) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $356.85 and last traded at $357.1390, with a volume of 960 shares traded. The stock had previously closed at $338.19.

Wall Street Analysts Forecast Growth

MTZ has been the topic of a number of analyst reports. KeyCorp boosted their price target on MasTec from $264.00 to $335.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Barclays boosted their price target on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. DA Davidson boosted their price target on MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of MasTec in a research report on Friday, March 27th. Finally, Cantor Fitzgerald boosted their price target on MasTec from $274.00 to $347.00 and gave the stock an “overweight” 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $300.17.

MasTec Price Performance

The firm has a market capitalization of $27.79 billion, a P/E ratio of 69.78 and a beta of 1.80. 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 firm has a 50-day moving average of $289.45 and a 200-day moving average of $241.12.

MasTec (NYSE:MTZ) last released its quarterly earnings data 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 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 firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior 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. As a group, analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

Insider Activity at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total value of $1,952,600.00. Following the transaction, the director directly owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This represents a 27.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 10,592 shares in the company, valued at $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 21.30% of the company’s stock.

Hedge Funds Weigh In On MasTec

A number of institutional investors and hedge funds have recently modified their holdings of MTZ. Victory Capital Management Inc. boosted its stake in shares of MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after buying an additional 1,690,896 shares during the last quarter. Peconic Partners LLC boosted its stake in shares of MasTec by 113.3% in the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after buying an additional 850,000 shares during the last quarter. Coatue Management LLC purchased a new position in shares of MasTec in the 4th quarter worth $147,357,000. Qube Research & Technologies Ltd boosted its stake in shares of MasTec by 370.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 506,857 shares of the construction company’s stock worth $86,384,000 after buying an additional 399,007 shares during the last quarter. Finally, 140 Summer Partners LP purchased a new position in shares of MasTec in the 3rd quarter worth $81,514,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

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.