MasTec (NYSE:MTZ) Price Target Raised to $483.00

Key Points

• Citigroup raised its price target on MasTec from $440 to $483 and maintained a "buy" rating, implying roughly a 13.8% upside from the current price.
• MasTec topped Q1 estimates with EPS of $1.39 (vs. $0.98 expected) and revenue of $3.83B, issued FY2026 guidance of 8.79 EPS, and the stock is trading near its 52-week high (~$424.55).
• Analysts remain broadly positive (18 Buys, 3 Holds) with a MarketBeat consensus target of $375.50, making Citigroup's target notably higher; institutional ownership is about 78% while insiders have recently reduced holdings.

MasTec (NYSE:MTZ - Get Free Report) had its target price hoisted by investment analysts at Citigroup from $440.00 to $483.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Citigroup's price objective indicates a potential upside of 13.77% from the company's current price.

MTZ has been the subject of a number of other reports. Jefferies Financial Group restated a "buy" rating on shares of MasTec in a research note on Monday. TD Cowen increased their price objective on shares of MasTec from $320.00 to $445.00 and gave the stock a "buy" rating in a research note on Monday. Zacks Research downgraded shares of MasTec from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 4th. Mizuho boosted their target price on shares of MasTec from $254.00 to $362.00 and gave the company an "outperform" rating in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of MasTec from $346.00 to $386.00 and gave the company an "overweight" rating in a report on Thursday, April 16th. Eighteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $375.50.

MasTec Stock Performance

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

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.41. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company's revenue for the quarter was up 34.5% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. On average, sell-side analysts expect that MasTec will post 8.2 EPS for the current year.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the transaction, the director owned 17,235 shares of the company's stock, valued at $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of the company's stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the transaction, the director owned 10,592 shares of the company's stock, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 21.40% of the company's stock.

Institutional Trading of MasTec

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 34,899 shares during the period. Victory Capital Management Inc. boosted its stake in shares of MasTec by 178.6% in the fourth 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 period. Peconic Partners LLC boosted its stake in shares of MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company's stock worth $347,792,000 after acquiring an additional 850,000 shares during the period. First Trust Advisors LP grew its position in shares of MasTec by 28.3% during 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 in the last quarter. Finally, Geode Capital Management LLC grew its position 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 worth $265,395,000 after purchasing an additional 94,344 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.