MasTec (NYSE:MTZ) Hits New 1-Year High After Analyst Upgrade

MasTec, Inc. (NYSE:MTZ) hit a new 52-week high during trading on Tuesday after Mizuho raised their price target on the stock from $254.00 to $362.00. Mizuho currently has an outperform rating on the stock. MasTec traded as high as $310.36 and last traded at $305.31, with a volume of 1173879 shares traded. The stock had previously closed at $298.02.

A number of other analysts also recently weighed in on MTZ. Truist Financial increased their price target on shares of MasTec from $270.00 to $356.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. KeyCorp lifted their price target on MasTec from $264.00 to $335.00 and gave the company an “overweight” rating in a research note on Monday. TD Cowen upped their price objective on MasTec from $225.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday. Finally, DA Davidson raised their price objective on MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $283.79.

Institutional Trading of MasTec

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in MasTec by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock worth $1,278,391,000 after buying an additional 34,899 shares during the period. Victory Capital Management Inc. raised its position in shares of MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after acquiring an additional 1,690,896 shares during the last quarter. Invesco Ltd. lifted its stake in shares of MasTec by 6.1% in the second quarter. Invesco Ltd. now owns 1,765,049 shares of the construction company’s stock worth $300,817,000 after acquiring an additional 102,072 shares during the period. Hood River Capital Management LLC boosted its holdings in MasTec by 8.9% in the second quarter. Hood River Capital Management LLC now owns 1,692,656 shares of the construction company’s stock valued at $288,479,000 after acquiring an additional 138,269 shares during the last quarter. Finally, Peconic Partners LLC boosted its holdings in MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after acquiring an additional 850,000 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65. The business’s 50-day simple moving average is $251.00 and its two-hundred day simple moving average is $219.19. The firm has a market cap of $23.96 billion, a price-to-earnings ratio of 59.89 and a beta of 1.89.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the company earned $1.44 EPS. The company’s revenue for the quarter 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, research analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

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.