MasTec (NYSE:MTZ) Trading Down 4.5% – Here’s Why

MasTec, Inc. (NYSE:MTZ)’s stock price was down 4.5% during mid-day trading on Tuesday . The company traded as low as $244.85 and last traded at $243.9240. 1,209,031 shares changed hands during trading, an increase of 7% from the average session volume of 1,131,200 shares. The stock had previously closed at $255.36.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MTZ. Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. JPMorgan Chase & Co. increased their price objective on MasTec from $471.00 to $491.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Morgan Stanley set a $369.00 price objective on MasTec in a research report on Friday, July 31st. Truist Financial restated a “buy” rating and issued a $428.00 target price (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. Finally, CICC Research began coverage on MasTec in a research report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $427.32.

MasTec Price Performance

The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The stock has a market capitalization of $20.03 billion, a P/E ratio of 39.98 and a beta of 1.81. The stock’s fifty day moving average is $330.30 and its 200-day moving average is $337.78.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 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 for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the company posted $1.49 EPS. The business’s revenue 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. On average, equities analysts anticipate that MasTec, Inc. will post 8.91 earnings per share for the current year.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MTZ. Gables Capital Management Inc. increased its holdings in MasTec by 30.3% in the fourth quarter. Gables Capital Management Inc. now owns 21,054 shares of the construction company’s stock valued at $4,577,000 after purchasing an additional 4,900 shares during the last quarter. TFR Capital LLC. bought a new stake in shares of MasTec in the 2nd quarter valued at about $1,978,000. Swedbank AB boosted its stake in MasTec by 5.2% during the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock worth $13,977,000 after acquiring an additional 3,200 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in MasTec by 463.6% during the fourth quarter. Sanctuary Advisors LLC now owns 13,527 shares of the construction company’s stock valued at $2,940,000 after purchasing an additional 11,127 shares during the period. Finally, Ameritas Advisory Services LLC increased its stake in MasTec by 4,223.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company’s stock valued at $601,000 after purchasing an additional 2,703 shares in the last quarter. Institutional investors and hedge funds 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.