Robert W. Baird Lowers MasTec (NYSE:MTZ) Price Target to $363.00

MasTec (NYSE:MTZ) had its price objective dropped by equities research analysts at Robert W. Baird from $475.00 to $363.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price target indicates a potential upside of 37.75% from the stock’s previous close.

Several other research analysts have also recently issued reports on MTZ. Zacks Research raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Jefferies Financial Group reissued a “buy” rating and issued a $493.00 price target on shares of MasTec in a research note on Monday, May 4th. Citigroup lifted their price target on shares of MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Roth Capital restated a “buy” rating and issued a $450.00 target price on shares of MasTec in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their target price on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, MasTec currently has an average rating of “Buy” and an average price target of $455.84.

MasTec Trading Up 0.2%

Shares of MasTec stock opened at $263.51 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. The firm’s 50-day moving average price is $365.55 and its 200 day moving average price is $333.95. MasTec has a twelve month low of $160.08 and a twelve month high of $441.43. The firm has a market capitalization of $21.16 billion, a PE ratio of 42.03 and a beta of 1.82.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the firm posted $1.49 earnings per share. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. 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, sell-side analysts predict that MasTec will post 9.18 EPS for the current fiscal year.

Insider Buying and Selling at MasTec

In related 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 transaction of $2,412,605.00. Following the transaction, the director owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Brighton Jones LLC acquired a new stake in shares of MasTec in the 4th quarter valued at approximately $227,000. NewEdge Advisors LLC lifted its position in shares of MasTec by 32.6% during the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock valued at $514,000 after purchasing an additional 1,083 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in MasTec in the second quarter valued at approximately $271,000. Northwestern Mutual Wealth Management Co. raised its holdings in MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after acquiring an additional 182 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of MasTec by 793.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,027 shares of the construction company’s stock valued at $175,000 after acquiring an additional 912 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

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.