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

by · The Markets Daily

MasTec (NYSE:MTZ – Get Free Report) had its price objective cut by equities researchers at Mizuho from $502.00 to $457.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Mizuho’s target price would indicate a potential upside of 66.92% from the company’s current price.

Several other analysts have also recently commented on the company. CICC Research started coverage on MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price target for the company. KeyCorp decreased their target price on shares of MasTec from $500.00 to $371.00 and set an “overweight” rating on the stock in a research report on Monday. Citigroup lowered their target price on shares of MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a report on Monday. Robert W. Baird dropped their price target on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $493.00 price target on shares of MasTec in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $431.42.

Read Our Latest Analysis on MTZ

MasTec Price Performance

NYSE MTZ traded up $12.57 during trading hours on Tuesday, reaching $273.79. The company’s stock had a trading volume of 791,093 shares, compared to its average volume of 1,090,625. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The company’s 50-day moving average is $363.15 and its two-hundred day moving average is $334.20. MasTec has a fifty-two week low of $167.66 and a fifty-two week high of $441.43. The stock has a market cap of $21.99 billion, a PE ratio of 43.75 and a beta of 1.82.

MasTec (NYSE:MTZ – Get Free Report) 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 company 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%.The business’s revenue was up 23.4% compared to the same quarter last year. During the same period last year, the firm 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. Analysts forecast that MasTec will post 9.18 EPS for the current year.

Insider Activity at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the transaction, the director directly owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MTZ. Victory Capital Management Inc. grew its position in shares of MasTec by 178.6% during 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 last quarter. Peconic Partners LLC lifted its position in MasTec by 113.3% in the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after purchasing an additional 850,000 shares during the last quarter. First Trust Advisors LP boosted its stake in MasTec by 7.6% during the 1st quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock valued at $454,163,000 after purchasing an additional 100,151 shares during the period. Bank of America Corp DE grew its position in MasTec by 6.0% in the 1st quarter. Bank of America Corp DE now owns 1,330,066 shares of the construction company’s stock worth $427,935,000 after purchasing an additional 75,100 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in MasTec by 8.4% in the 4th 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 during the last quarter. 78.10% of the stock is currently owned by institutional investors.

Key Stories Impacting MasTec

Here are the key news stories impacting MasTec this week:

  • Positive Sentiment: MasTec raised its 2026 outlook following record second-quarter results, citing a record backlog, resilient infrastructure demand and expanding exposure to data-center construction. The company’s power and clean-energy businesses were key offsets to communications weakness. MTZ Q2 Earnings Call Highlights Infrastructure Demand Trends
  • Positive Sentiment: A second-quarter deep dive highlighted strong performance in power and clean energy, while the acquisition of Superior Group is expected to support growth. These trends reinforce MasTec’s positioning in infrastructure and energy-related markets. MTZ Q2 Deep Dive
  • Positive Sentiment: Analysts continue to express a constructive view: Citigroup, TD Cowen and Truist reaffirmed buy ratings, while Robert W. Baird maintained an outperform rating. Despite lower targets, their estimates still imply substantial upside from recent trading levels. Analysts Offer Insights on MasTec
  • Neutral Sentiment: Investors purchased unusually high call-option volume, with 2,355 calls traded—about 58% above the average. This suggests increased bullish speculation but does not necessarily indicate lasting institutional demand.
  • Negative Sentiment: Citigroup cut its price target to $408 from $483, Truist to $428 from $550, TD Cowen to $420 from $470 and Baird to $363 from $475. Although ratings remain positive, the reductions signal more cautious expectations and may limit near-term upside.
  • Negative Sentiment: Communications-sector weakness remains a headwind, and MasTec’s latest quarterly EPS narrowly missed consensus despite revenue exceeding estimates. The stock also remains well below its 52-week high, reflecting elevated investor concerns about execution and valuation.

About MasTec

(Get Free Report)

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.

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