MasTec (NYSE:MTZ) Stock Rating Lowered by Wall Street Zen

MasTec (NYSE:MTZ) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently weighed in on MTZ. Mizuho decreased their price objective on MasTec from $502.00 to $457.00 and set an “outperform” rating for the company in a report on Tuesday, August 4th. Stifel Nicolaus set a $455.00 target price on MasTec in a report on Monday, May 4th. B. Riley Financial reissued a “buy” rating on shares of MasTec in a research report on Monday, May 4th. CICC Research assumed coverage on MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 price target on the stock. Finally, Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, MasTec has a consensus rating of “Buy” and a consensus target price of $431.42.

MasTec Trading Up 0.1%

NYSE:MTZ opened at $272.83 on Friday. The company has a market cap of $21.91 billion, a P/E ratio of 43.51 and a beta of 1.82. MasTec has a twelve month low of $167.66 and a twelve month high of $441.43. The business has a 50 day moving average price of $353.78 and a two-hundred day moving average price of $335.09. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71.

MasTec (NYSE:MTZ) last released 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). 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 the consensus estimate of $4.30 billion. During the same period last year, the business posted $1.49 EPS. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. 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, analysts expect that MasTec will post 8.91 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction dated 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 in the company, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 21.40% of the company’s stock.

Institutional Trading of MasTec

Several institutional investors and hedge funds have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of MasTec during the 4th quarter worth approximately $30,000. Ascentis Independent Advisors bought a new stake in MasTec in the 1st quarter valued at $30,000. Bell Investment Advisors Inc bought a new stake in MasTec in the 2nd quarter valued at $32,000. CIBC Private Wealth Group LLC lifted its holdings in MasTec by 372.0% during the 4th 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, Northwestern Mutual Wealth Management Co. lifted its holdings in MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after purchasing an additional 182 shares during the last quarter. 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.