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

Key Points

• MasTec hit a new 52‑week high of about $357 during mid‑day trading Wednesday, up from a prior close of $338.19.
• Several analysts raised price targets (e.g., Truist to $356) and the stock carries a consensus Moderate Buy rating with an average price target of $300.17 (17 Buys, 3 Holds).
• MasTec beat quarterly estimates with EPS $2.07 vs. $1.94 and revenue $3.94B vs. $3.71B (revenue +15.8% YoY), and issued FY2026 guidance of 8.40 EPS (Q1 guidance 1.00), reflecting strong recent fundamentals.

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

Analyst Ratings Changes

Several analysts recently issued reports on MTZ shares. Wolfe Research reissued an "outperform" rating and issued a $326.00 target price on shares of MasTec in a research note on Monday, March 2nd. Truist Financial raised their target price on MasTec from $270.00 to $356.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Stifel Nicolaus raised their target price on MasTec from $240.00 to $267.00 and gave the stock a "buy" rating in a research note on Tuesday, December 16th. Robert W. Baird raised their target price on MasTec from $249.00 to $348.00 and gave the stock an "outperform" rating in a research note on Monday, March 2nd. Finally, TD Cowen raised their target price on MasTec from $225.00 to $320.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, MasTec has a consensus rating of "Moderate Buy" and an average price target of $300.17.

MasTec Price Performance

The business has a fifty day simple moving average of $289.45 and a two-hundred day simple moving average of $241.12. 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 stock has a market cap of $27.79 billion, a PE ratio of 69.78 and a beta of 1.80.

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 firm had revenue of $3.94 billion during 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 business's revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Research analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Salomon & Ludwin LLC boosted its position in shares of MasTec by 344.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company's stock worth $26,000 after purchasing an additional 93 shares in the last quarter. Caldwell Trust Co bought a new stake in shares of MasTec in the 2nd quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of MasTec in the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC bought a new stake in shares of MasTec in the 3rd quarter worth approximately $43,000. Finally, Root Financial Partners LLC bought a new stake in shares of MasTec in the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 78.10% of the company's stock.

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.

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