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

by · The Markets Daily

MasTec (NYSE:MTZ – Free Report) had its target price decreased by Robert W. Baird from $475.00 to $363.00 in a research note released on Monday morning, MarketBeat reports. Robert W. Baird currently has an outperform rating on the construction company’s stock.

Other equities analysts have also recently issued research reports about the stock. Cantor Fitzgerald boosted their price target on shares of MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. lifted their price objective on shares of MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Stifel Nicolaus set a $455.00 target price on shares of MasTec in a research report on Monday, May 4th. Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, KeyCorp raised their price target on MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $431.42.

Get Our Latest Report on MasTec

MasTec Stock Performance

Shares of MTZ opened at $267.50 on Monday. The company has a market cap of $21.48 billion, a PE ratio of 42.66 and a beta of 1.81. 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 stock has a 50-day moving average price of $358.38 and a 200-day moving average price of $334.75. MasTec has a 12-month low of $167.66 and a 12-month high of $441.43.

MasTec (NYSE:MTZ – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter last year, the company posted $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, equities analysts forecast that MasTec will post 8.97 earnings per share for the current fiscal year.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the business’s 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 completion of the sale, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 21.40% of the company’s stock.

Hedge Funds Weigh In On MasTec

Several institutional investors and hedge funds have recently made changes to their positions in the business. 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 shares of MasTec during the first quarter valued at about $30,000. CIBC Private Wealth Group LLC grew its stake in shares of MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after buying an additional 186 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of MasTec by 105.2% in the second 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 period. Finally, GHP Investment Advisors Inc. purchased a new position in shares of MasTec in the first quarter worth about $65,000. Institutional investors own 78.10% of the company’s stock.

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.

Recommended Stories