Citigroup Has Lowered Expectations for MasTec (NYSE:MTZ) Stock Price

MasTec (NYSE:MTZ) had its price target cut by stock analysts at Citigroup from $483.00 to $408.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Citigroup’s target price indicates a potential upside of 54.47% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. TD Cowen cut their price objective on shares of MasTec from $470.00 to $420.00 and set a “buy” rating on the stock in a research note on Monday. Morgan Stanley set a $369.00 target price on shares of MasTec in a research note on Friday. Mizuho boosted their price target on shares of MasTec from $498.00 to $502.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $493.00 price target on shares of MasTec in a research note on Monday, May 4th. Finally, UBS Group raised their price objective on shares of MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, MasTec presently has an average rating of “Buy” and an average target price of $436.05.

MasTec Stock Performance

NYSE MTZ traded up $1.03 on Monday, hitting $264.13. The stock had a trading volume of 1,203,136 shares, compared to its average volume of 1,084,422. The company’s 50-day moving average is $365.55 and its two-hundred day moving average is $333.95. MasTec has a one year low of $167.66 and a one year high of $441.43. The stock has a market cap of $21.21 billion, a price-to-earnings ratio of 42.14 and a beta of 1.82. 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 (NYSE:MTZ) last released 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 the consensus estimate 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% on a year-over-year basis. During the same period last 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. On average, analysts expect that MasTec will post 9.18 earnings per share for the current year.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 21.40% of the company’s stock.

Institutional Trading of MasTec

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gables Capital Management Inc. raised its position in shares of MasTec by 30.3% during the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock worth $4,577,000 after purchasing an additional 4,900 shares during the period. Swedbank AB boosted its position in shares of MasTec by 5.2% in the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock valued at $13,977,000 after purchasing an additional 3,200 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in MasTec by 50.0% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 70,500 shares of the construction company’s stock worth $15,325,000 after purchasing an additional 23,500 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in MasTec by 463.6% during the 4th quarter. Sanctuary Advisors LLC now owns 13,527 shares of the construction company’s stock worth $2,940,000 after buying an additional 11,127 shares during the period. Finally, Ameritas Advisory Services LLC lifted its stake in MasTec by 4,223.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company’s stock valued at $601,000 after buying an additional 2,703 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

Trending Headlines about MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec raised its 2026 outlook after record second-quarter results, citing strong infrastructure demand, a record backlog, and growing exposure to data-center construction. Revenue increased 23.4% year over year in the latest quarter, although EPS narrowly missed consensus. MTZ Q2 Earnings Call Highlights Infrastructure Demand Trends
• Positive Sentiment: Truist reaffirmed its “buy” rating, while TD Cowen maintained a “buy” rating. Their revised targets still imply substantial potential upside, suggesting analysts view the recent weakness as excessive relative to MasTec’s long-term growth prospects. Benzinga
• Positive Sentiment: Options activity was unusually strong, with investors purchasing 2,355 call contracts—58% above average volume. This indicates increased speculative interest in a potential rebound, though options activity is not a guarantee of future performance.
• Neutral Sentiment: MasTec continues to attract market attention as an infrastructure investment, supported by demand tied to power, communications, and data-center projects. MasTec Infrastructure Stock Gains Fresh Market Attention Today
• Negative Sentiment: Analysts cut their price targets despite retaining bullish ratings: Truist lowered its target to $428 from $550, TD Cowen to $420 from $470, and Baird to $363 from $475. The reductions may be weighing on sentiment by signaling more cautious assumptions about valuation or near-term earnings.

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.