MasTec, Inc. $MTZ Position Reduced by Citigroup Inc.

Citigroup Inc. lessened its position in MasTec, Inc. (NYSE:MTZ) by 14.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,162 shares of the construction company’s stock after selling 3,655 shares during the period. Citigroup Inc.’s holdings in MasTec were worth $4,716,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MTZ. Salomon & Ludwin LLC boosted its stake in shares of MasTec by 344.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after acquiring an additional 93 shares in the last quarter. Caldwell Trust Co acquired a new position in shares of MasTec in the 2nd quarter valued at $29,000. Parkside Financial Bank & Trust increased its stake in MasTec by 253.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock worth $33,000 after purchasing an additional 137 shares in the last quarter. Evelyn Partners Asset Management Ltd purchased a new position in MasTec in the 2nd quarter worth about $43,000. Finally, Princeton Global Asset Management LLC acquired a new stake in MasTec during the 3rd quarter worth about $43,000. 78.10% of the stock is currently owned by institutional investors.

Trending Headlines about MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Record quarter, stronger guidance and backlog expansion: MasTec beat Q4 estimates (EPS $2.07 vs. $1.94 est.; revenue $3.94B vs. $3.71B est.), raised FY‑2026 outlook and reported an expanded infrastructure backlog — a direct driver of analyst optimism and buying interest. Read More.
• Positive Sentiment: Heavy analyst upgrades and price-target lifts: Multiple firms bumped ratings and targets (examples: Citigroup, Truist, Cantor Fitzgerald, Robert W. Baird, KeyCorp, DA Davidson, TD Cowen), pushing consensus upside and supporting the rally. Read More.
• Positive Sentiment: Fundamental momentum recognized by screens: Zacks highlighted MTZ’s growth and momentum characteristics, which can attract style-driven and momentum investors. Read More.
• Neutral Sentiment: Fresh 52‑week high / sector comparison: MTZ recently hit a new one‑year high and has outpaced many construction peers year‑to‑date, which is notable but increases expectations for continued execution. Read More.
• Negative Sentiment: Technical and valuation caution: Analysts and commentators note MTZ’s premium valuation (elevated EV/EBITDA and P/E on forward numbers) and overbought technical indicators, which can prompt short‑term profit taking and explain the intra‑day pullback. Read More.

Analysts Set New Price Targets

Several research analysts have commented on MTZ shares. KeyCorp raised their target price on shares of MasTec from $264.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday. TD Cowen raised their price objective on shares of MasTec from $225.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday. Citigroup boosted their target price on shares of MasTec from $284.00 to $350.00 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird increased their target price on MasTec from $249.00 to $348.00 and gave the company an “outperform” rating in a report on Monday. Finally, Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $283.79.

MasTec Trading Down 1.2%

MasTec stock opened at $300.95 on Wednesday. MasTec, Inc. has a 12 month low of $99.70 and a 12 month high of $310.36. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65. The stock has a market cap of $23.74 billion, a P/E ratio of 59.36 and a beta of 1.89. The company’s fifty day simple moving average is $249.39 and its 200-day simple moving average is $218.60.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter last year, the firm earned $1.44 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. As a group, sell-side analysts forecast that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

MasTec 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.