MasTec (NYSE:MTZ) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of MasTec (NYSE:MTZ) from a buy rating to a hold rating in a research note published on Saturday.

A number of other equities research analysts have also recently weighed in on MTZ. Weiss Ratings upgraded MasTec from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Robert W. Baird reduced their price objective on MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Roth Capital reiterated a “buy” rating and set a $450.00 target price on shares of MasTec in a research report on Monday, May 4th. CICC Research began coverage on MasTec in a research report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price target for the company. Finally, Truist Financial reaffirmed a “buy” rating and set a $428.00 price target (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. 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 MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $431.42.

MasTec Price Performance

Shares of NYSE MTZ opened at $272.83 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. MasTec has a one year low of $167.66 and a one year high of $441.43. The firm has a market capitalization of $21.91 billion, a P/E ratio of 43.51 and a beta of 1.81. The company’s fifty day moving average is $353.78 and its two-hundred day moving average is $334.44.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (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 company had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the business earned $1.49 EPS. The business’s revenue for the quarter 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. Analysts forecast that MasTec will post 8.91 EPS for the current fiscal year.

Insider Activity

In related news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction 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. This trade represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 21.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in MasTec during the second quarter worth approximately $3,178,069,000. Victory Capital Management Inc. grew its position in shares of MasTec by 178.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after purchasing an additional 1,690,896 shares during the period. Peconic Partners LLC increased its stake in MasTec by 113.3% in the fourth 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 lifted its position in MasTec by 7.6% during the first quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock worth $454,163,000 after buying an additional 100,151 shares during the period. Finally, Bank of America Corp DE lifted its position in MasTec by 6.0% during the first quarter. Bank of America Corp DE now owns 1,330,066 shares of the construction company’s stock worth $427,935,000 after buying an additional 75,100 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

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.