TD Cowen Cuts MasTec (NYSE:MTZ) Price Target to $420.00

MasTec (NYSE:MTZ) had its price objective dropped by equities research analysts at TD Cowen from $470.00 to $420.00 in a research report issued on Monday. The firm presently has a “buy” rating on the construction company’s stock. TD Cowen’s target price would indicate a potential upside of 59.38% from the company’s previous close.

MTZ has been the topic of a number of other reports. UBS Group boosted their price target on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a report on Friday, May 1st. The Goldman Sachs Group increased their price objective on shares of MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of MasTec from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Morgan Stanley set a $369.00 target price on shares of MasTec in a report on Friday. Finally, Truist Financial upped their target price on shares of MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $446.42.

MasTec Trading Up 0.2%

Shares of MTZ stock opened at $263.51 on Monday. MasTec has a 52-week low of $160.08 and a 52-week high of $441.43. 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 firm has a market capitalization of $21.16 billion, a PE ratio of 42.03 and a beta of 1.82. The stock has a fifty day simple moving average of $365.55 and a two-hundred day simple moving average of $333.95.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in MasTec in the fourth quarter worth $30,000. Ascentis Independent Advisors bought a new position in MasTec during the first quarter valued at $30,000. CIBC Private Wealth Group LLC grew its stake in shares of MasTec by 372.0% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after buying an additional 182 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in shares of MasTec in the 1st quarter worth about $65,000. 78.10% of the stock is currently owned by institutional investors.

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.