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

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

MasTec Price Performance

Shares of MTZ stock opened at $300.95 on Wednesday. MasTec has a twelve month low of $99.70 and a twelve month high of $310.36. 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 fifty day simple moving average of $249.39 and a two-hundred day simple moving average of $218.60. 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 (NYSE:MTZ) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.13. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the company posted $1.44 earnings per share. The firm’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. On average, analysts predict that MasTec will post 3.44 EPS for the current fiscal year.

Institutional Investors Weigh In On MasTec

Several hedge funds have recently modified their holdings of MTZ. Allspring Global Investments Holdings LLC grew its stake in MasTec by 92.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 65,027 shares of the construction company’s stock valued at $13,981,000 after purchasing an additional 31,218 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings 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 buying an additional 2,158 shares in the last quarter. Bridge City Capital LLC boosted 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 valued at $8,412,000 after buying an additional 10,565 shares in the last quarter. Marco Investment Management LLC grew its position in shares of MasTec by 28.2% in the 3rd quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company’s stock worth $6,726,000 after buying an additional 6,955 shares during the last quarter. Finally, Schroder Investment Management Group bought 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

MTZ has been the subject of several analyst reports. TD Cowen raised their price objective on shares of MasTec from $225.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday. DA Davidson raised their price target on MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday. Zacks Research upgraded MasTec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. KeyCorp increased their target price on MasTec from $264.00 to $335.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of MasTec in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $283.79.

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.