Key Points
- Director sale: MasTec director Javier Alberto Palomarez sold 950 shares on March 25 at $325.43 for proceeds of $309,158.50, cutting his stake by 8.23% to 10,592 shares (about $3.45M).
- Quarterly beat and guidance: MasTec reported $2.07 EPS vs. $1.94 expected and $3.94B revenue (up 15.8% YoY), and issued guidance of $1.00 for Q1 2026 and $8.40 for FY 2026.
- Bullish analyst sentiment: Multiple analysts raised price targets (examples: DA Davidson to $350, Jefferies to $348, TD Cowen to $320), MarketBeat shows a "Moderate Buy" consensus with an average target of ~$295.72, and the stock recently traded around $316.66 (up ~3.2%).
MasTec, Inc. (NYSE:MTZ - Get Free Report) Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the sale, the director owned 10,592 shares in the company, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
MasTec Stock Up 3.2%
NYSE MTZ opened at $316.66 on Friday. The business has a fifty day moving average price of $277.40 and a 200 day moving average price of $234.12. 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 company has a market cap of $24.98 billion, a P/E ratio of 62.46 and a beta of 1.89. MasTec, Inc. has a one year low of $99.70 and a one year high of $328.69.
MasTec (NYSE:MTZ - Get Free Report) last announced its earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.13. The company had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The firm's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company 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. Research analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current fiscal year.
Institutional Investors Weigh In On MasTec
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its stake in MasTec by 92.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 65,027 shares of the construction company's stock worth $13,981,000 after buying an additional 31,218 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of MasTec by 14.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,593 shares of the construction company's stock valued at $3,531,000 after acquiring an additional 2,158 shares during the period. Bridge City Capital LLC lifted its holdings in shares of MasTec by 27.2% in the 2nd quarter. Bridge City Capital LLC now owns 49,357 shares of the construction company's stock worth $8,412,000 after acquiring an additional 10,565 shares during the last quarter. Marco Investment Management LLC boosted its position in shares of MasTec by 28.2% during the 3rd quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company's stock worth $6,726,000 after purchasing an additional 6,955 shares during the period. Finally, Schroder Investment Management Group purchased a new position in shares of MasTec during the 2nd quarter worth approximately $12,366,000. Hedge funds and other institutional investors own 78.10% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on MTZ shares. DA Davidson raised their target price on shares of MasTec from $250.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. TD Cowen increased their price target on MasTec from $225.00 to $320.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Jefferies Financial Group lifted their price objective on MasTec from $271.00 to $348.00 and gave the stock a "buy" rating in a research report on Friday, March 13th. Citigroup upped their target price on MasTec from $284.00 to $350.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Finally, Barclays raised their target price on MasTec from $240.00 to $260.00 and gave the stock an "overweight" rating in a research note on Friday, January 23rd. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, MasTec has an average rating of "Moderate Buy" and a consensus price target of $295.72.
View Our Latest Report on MasTec
MasTec Company Profile
(
Get Free Report)
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.
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