Mizuho Cuts MasTec (NYSE:MTZ) Price Target to $457.00

MasTec (NYSE:MTZ) had its price target reduced by Mizuho from $502.00 to $457.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Mizuho currently has an outperform rating on the construction company’s stock.

MTZ has been the subject of several other research reports. Roth Capital reiterated a “buy” rating and set a $450.00 price target on shares of MasTec in a research report on Monday, May 4th. JPMorgan Chase & Co. increased their price objective on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Robert W. Baird reduced their price objective on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research note on Monday. Cantor Fitzgerald lifted their target price on shares of MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Guggenheim upped their target price on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, MasTec presently has an average rating of “Buy” and a consensus target price of $431.42.

MasTec Trading Down 2.7%

Shares of MTZ opened at $259.52 on Tuesday. 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. The firm has a market capitalization of $20.84 billion, a PE ratio of 41.39 and a beta of 1.81. The stock’s fifty day simple moving average is $355.90 and its 200-day simple moving average is $334.87.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.MasTec’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 earnings per share. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. As a group, research analysts predict that MasTec will post 8.91 earnings per share for the current 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 shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the sale, the director directly owned 10,816 shares in the company, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 21.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MasTec

Several large investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of MasTec during the fourth quarter worth $30,000. Ascentis Independent Advisors bought a new stake in shares of MasTec in the 1st quarter valued at $30,000. CIBC Private Wealth Group LLC raised its stake in MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after acquiring an additional 182 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in MasTec during the first quarter worth about $65,000. Institutional investors own 78.10% of the company’s stock.

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.