MasTec (NYSE:MTZ) Trading Down 4.5% – Time to Sell?

Shares of MasTec, Inc. (NYSE:MTZ) fell 4.5% on Tuesday . The stock traded as low as $244.85 and last traded at $243.9240. Approximately 1,209,031 shares were traded during trading, an increase of 7% from the average daily volume of 1,131,200 shares. The stock had previously closed at $255.36.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen downgraded MasTec from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. TD Cowen dropped their price target on MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Roth Capital reissued a “buy” rating and set a $450.00 target price on shares of MasTec in a report on Monday, May 4th. UBS Group dropped their price target on shares of MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Finally, CICC Research began coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $427.32.

MasTec Stock Performance

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 company’s 50-day moving average is $335.27 and its two-hundred day moving average is $337.66. The firm has a market cap of $19.62 billion, a P/E ratio of 38.90 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 3.07% and a return on equity of 18.08%. The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.49 EPS. 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 predict that MasTec, Inc. will post 8.91 EPS for the current fiscal year.

Insider Activity 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 stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the transaction, the director owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.40% of the stock is currently owned by corporate insiders.

Institutional Trading of MasTec

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its stake in shares of MasTec by 50,879.4% during the 2nd quarter. California State Teachers Retirement System now owns 37,216,983 shares of the construction company’s stock worth $15,484,498,000 after purchasing an additional 37,143,979 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in MasTec by 112.2% in the 2nd quarter. Ameritas Advisory Services LLC now owns 6,118 shares of the construction company’s stock valued at $2,545,000 after buying an additional 3,235 shares in the last quarter. Wedmont Private Capital raised its holdings in MasTec by 7.5% during the 2nd quarter. Wedmont Private Capital now owns 1,052 shares of the construction company’s stock valued at $438,000 after acquiring an additional 73 shares during the period. Saudi Central Bank purchased a new stake in shares of MasTec during the second quarter worth $1,779,000. Finally, AlphaGrep UK Ltd purchased a new stake in shares of MasTec during the second quarter worth $217,000. Institutional investors own 78.10% of the company’s stock.

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.