Citigroup Issues Positive Forecast for MasTec (NYSE:MTZ) Stock Price

MasTec (NYSE:MTZ) had its price objective lifted by analysts at Citigroup from $440.00 to $483.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s price objective would suggest a potential upside of 13.77% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on MTZ. DA Davidson lifted their target price on MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Roth Mkm restated a “buy” rating and set a $450.00 price target on shares of MasTec in a report on Monday. B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a research note on Monday. Cantor Fitzgerald upped their price objective on MasTec from $274.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. increased their target price on MasTec from $346.00 to $386.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Eighteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $375.50.

MasTec Price Performance

Shares of MTZ stock traded up $7.14 during mid-day trading on Monday, hitting $424.55. The company had a trading volume of 471,102 shares, compared to its average volume of 947,007. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The stock’s 50 day moving average price is $328.15 and its 200-day moving average price is $260.37. MasTec has a 52-week low of $139.56 and a 52-week high of $429.04. The company has a market capitalization of $33.47 billion, a P/E ratio of 74.32 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.41. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. MasTec’s quarterly revenue was up 34.5% on a year-over-year basis. During the same period last year, the company posted $0.51 earnings per share. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Equities research analysts forecast that MasTec will post 8.2 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction 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 sale, the director owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This represents a 27.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the transaction, the director directly owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of MasTec by 0.6% during the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock valued at $1,278,391,000 after buying an additional 34,899 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of MasTec by 178.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after acquiring an additional 1,690,896 shares during the last quarter. Peconic Partners LLC boosted its holdings in MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after acquiring an additional 850,000 shares during the period. First Trust Advisors LP grew its holdings in shares of MasTec by 28.3% in the fourth quarter. First Trust Advisors LP now owns 1,311,433 shares of the construction company’s stock worth $285,066,000 after purchasing an additional 289,258 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of MasTec by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company’s stock valued at $265,395,000 after acquiring an additional 94,344 shares in the last quarter. 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.