Zacks Research Downgrades MasTec (NYSE:MTZ) to Hold

MasTec (NYSE:MTZ) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. CICC Research assumed coverage on shares of MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price on the stock. Roth Capital reiterated a “buy” rating and issued a $450.00 price objective on shares of MasTec in a research note on Monday, May 4th. KeyCorp reduced their price objective on shares of MasTec from $500.00 to $371.00 and set an “overweight” rating for the company in a research note on Monday, August 3rd. Wall Street Zen downgraded shares of MasTec from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Robert W. Baird lowered their target price on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, MasTec has a consensus rating of “Moderate Buy” and an average target price of $427.32.

MasTec Stock Performance

NYSE MTZ opened at $251.15 on Wednesday. The stock has a market capitalization of $20.17 billion, a price-to-earnings ratio of 40.06 and a beta of 1.81. The business’s 50 day moving average is $327.72 and its two-hundred day moving average is $337.72. MasTec has a 12-month low of $171.05 and a 12-month high of $441.43. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71.

MasTec (NYSE:MTZ) last posted its quarterly 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). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The business had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the firm earned $1.49 earnings per share. The firm’s quarterly 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. Research analysts expect that MasTec will post 8.91 EPS for the current year.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec 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 completion of the transaction, 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 filing with the SEC, which is available through this hyperlink. 21.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MasTec

A number of large investors have recently added to or reduced their stakes in the business. Ascentis Independent Advisors purchased a new position in MasTec during the 1st quarter valued at about $30,000. Bell Investment Advisors Inc purchased a new stake in shares of MasTec in the second quarter valued at about $32,000. Transamerica Financial Advisors LLC purchased a new stake in shares of MasTec in the second quarter valued at about $32,000. CIBC Private Wealth Group LLC grew its position in shares of MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after purchasing an additional 186 shares during the last quarter. Finally, Solstein Capital LLC purchased a new stake in MasTec in the 2nd quarter valued at approximately $58,000. 78.10% of the stock is owned by institutional investors and hedge funds.

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.