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

Key Points

• Wall Street Zen downgraded MasTec from “buy” to “hold,” although the broader analyst consensus remains “Buy” with an average price target of $431.42.
• MasTec’s shares opened at $272.83, well below their 52-week high of $441.43. Recent brokerages have generally lowered price targets, despite maintaining “overweight” or “outperform” ratings.
• The company slightly missed quarterly EPS estimates at $2.22 but exceeded revenue expectations with $4.37 billion, up 23.4% year over year; institutional investors own 78.1% of the stock.

MasTec (NYSE:MTZ - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other brokerages also recently weighed in on MTZ. KeyCorp lowered their target price on MasTec from $500.00 to $371.00 and set an "overweight" rating on the stock in a research note on Monday. JPMorgan Chase & Co. increased their price target on MasTec from $471.00 to $491.00 and gave the stock an "overweight" rating in a report on Wednesday, May 13th. Weiss Ratings upgraded shares of MasTec from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Robert W. Baird dropped their price objective on shares of MasTec from $475.00 to $363.00 and set an "outperform" rating on the stock in a research note on Monday, August 3rd. Finally, Mizuho cut their price objective on shares of MasTec from $502.00 to $457.00 and set an "outperform" rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $431.42.

MasTec Price Performance

Shares of NYSE:MTZ opened at $272.83 on Friday. MasTec has a one year low of $167.66 and a one year high of $441.43. The stock has a market capitalization of $21.91 billion, a price-to-earnings ratio of 43.51 and a beta of 1.81. The company has a 50-day simple moving average of $353.78 and a 200-day simple moving average of $334.44. 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 (NYSE:MTZ - Get Free Report) last released 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). The company had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The business's quarterly revenue was up 23.4% compared to the same quarter last year. During the same period 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. On average, analysts predict that MasTec will post 8.91 EPS for the current year.

Insider Activity

In other news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred 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 directly owned 10,816 shares of the company's stock, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 21.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in MasTec in the second quarter valued at $3,178,069,000. Victory Capital Management Inc. grew its stake in shares of MasTec by 178.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company's stock worth $573,304,000 after purchasing an additional 1,690,896 shares during the period. Peconic Partners LLC grew its stake in shares of MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company's stock worth $347,792,000 after purchasing an additional 850,000 shares during the period. First Trust Advisors LP increased its holdings in shares of MasTec by 7.6% in the 1st quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company's stock valued at $454,163,000 after purchasing an additional 100,151 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of MasTec by 6.0% in the 1st quarter. Bank of America Corp DE now owns 1,330,066 shares of the construction company's stock valued at $427,935,000 after purchasing an additional 75,100 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

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.

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