Citigroup Cuts MasTec (NYSE:MTZ) Price Target to $408.00

MasTec (NYSE:MTZ) had its price target cut by Citigroup from $483.00 to $408.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities analysts have also recently weighed in on MTZ. KeyCorp lowered their target price on MasTec from $500.00 to $371.00 and set an “overweight” rating on the stock in a research note on Monday. Cantor Fitzgerald increased their price target on shares of MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Jefferies Financial Group reissued a “buy” rating and issued a $493.00 price target on shares of MasTec in a research report on Monday, May 4th. UBS Group raised their price target on shares of MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Robert W. Baird lowered their price objective on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $431.42.

MasTec Price Performance

MTZ opened at $267.50 on Monday. The firm has a market capitalization of $21.48 billion, a P/E ratio of 42.66 and a beta of 1.81. The stock has a fifty day moving average of $358.38 and a 200-day moving average of $334.75. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. MasTec has a 12-month low of $167.66 and a 12-month high of $441.43.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The business had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.49 EPS. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Equities analysts forecast that MasTec will post 8.97 EPS for the current fiscal year.

Insider Activity at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the transaction, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 21.40% of the company’s stock.

Institutional Trading of MasTec

Institutional investors have recently added to or reduced their stakes in the business. Earned Wealth Advisors LLC grew its position in MasTec by 2.8% in the 1st quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock worth $326,000 after purchasing an additional 28 shares during the last quarter. Aigen Investment Management LP increased its holdings in shares of MasTec by 3.8% during the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock worth $226,000 after purchasing an additional 38 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of MasTec by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock valued at $636,000 after buying an additional 43 shares during the last quarter. Everhart Financial Group Inc. raised its position in shares of MasTec by 5.4% during the second quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock valued at $364,000 after buying an additional 45 shares during the last quarter. Finally, Motley Fool Asset Management LLC lifted its stake in shares of MasTec by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock valued at $285,000 after buying an additional 47 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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.