Short Interest in MasTec, Inc. (NYSE:MTZ) Drops By 12.9%

MasTec, Inc. (NYSE:MTZ) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 2,455,571 shares, a decrease of 12.9% from the January 29th total of 2,819,453 shares. Currently, 4.0% of the shares of the stock are short sold. Based on an average daily volume of 943,318 shares, the short-interest ratio is presently 2.6 days. Based on an average daily volume of 943,318 shares, the short-interest ratio is presently 2.6 days. Currently, 4.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several research analysts recently weighed in on MTZ shares. KeyCorp upped their target price on shares of MasTec from $264.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday. Cantor Fitzgerald boosted their price objective on MasTec from $274.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday. Stifel Nicolaus increased their target price on MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Citigroup lifted their target price on MasTec from $284.00 to $350.00 and gave the company a “buy” rating in a research note on Monday. Finally, Wall Street Zen upgraded MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $283.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTZ. Salomon & Ludwin LLC lifted its stake in shares of MasTec by 344.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after purchasing an additional 93 shares during the last quarter. Caldwell Trust Co purchased a new stake in MasTec during the 2nd quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in MasTec in the fourth quarter worth $30,000. Parkside Financial Bank & Trust lifted its position in MasTec by 253.7% in the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock worth $33,000 after buying an additional 137 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd purchased a new position in MasTec during the second quarter worth $43,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Stock Down 1.2%

Shares of MTZ opened at $300.95 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. The stock has a market capitalization of $23.74 billion, a price-to-earnings ratio of 59.36 and a beta of 1.89. MasTec has a 1 year low of $99.70 and a 1 year high of $310.36. The business’s 50 day simple moving average is $249.39 and its 200-day simple moving average is $218.60.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.13. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the business posted $1.44 earnings per share. MasTec’s quarterly revenue 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, equities analysts expect that MasTec will post 3.44 earnings per share 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.