Javier Alberto Palomarez Sells 950 Shares of MasTec (NYSE:MTZ) Stock

MasTec, Inc. (NYSE:MTZ) Director Javier Alberto Palomarez sold 950 shares of the business’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 sale, the director owned 10,592 shares in the company, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

MasTec Stock Performance

Shares of NYSE MTZ opened at $316.66 on Monday. The firm has a market capitalization of $24.98 billion, a price-to-earnings ratio of 62.46 and a beta of 1.88. MasTec, Inc. has a one year low of $99.70 and a one year high of $328.69. The business has a fifty day simple moving average of $277.40 and a 200 day simple moving average of $234.43. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share 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 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. Sell-side analysts expect that MasTec, Inc. will post 3.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MTZ. DA Davidson increased their price target on shares of MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Jefferies Financial Group lifted their price objective on MasTec from $271.00 to $348.00 and gave the company a “buy” rating in a report on Friday, March 13th. Truist Financial upped their price objective on MasTec from $270.00 to $356.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Mizuho increased their target price on MasTec from $254.00 to $362.00 and gave the stock an “outperform” 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 report on Friday, January 23rd. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $295.72.

Institutional Trading of MasTec

Hedge funds and other institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC lifted its holdings in MasTec by 344.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after buying an additional 93 shares in the last quarter. Caldwell Trust Co acquired a new stake in shares of MasTec in the 2nd quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of MasTec during the fourth quarter worth $30,000. Princeton Global Asset Management LLC acquired a new position in shares of MasTec during the third quarter valued at $43,000. Finally, Root Financial Partners LLC acquired a new position in shares of MasTec during the third quarter valued at $49,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Company Profile

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.