MasTec (NYSE:MTZ) Hits New 12-Month Low - Here's Why

Key Points

• MasTec shares fell 4.5% to a new 52-week low, trading near $181, well below the 50-day and 200-day moving averages.
• Analysts have lowered their price targets, but the consensus remains “Moderate Buy”, supported by 19 Buy ratings and three Holds; the average target is $376.85.
• The latest quarter showed revenue growth of 23.4% year over year to $4.37 billion, although EPS of $2.22 narrowly missed estimates. Institutional investors own 78.1% of the company’s shares.

MasTec, Inc. (NYSE:MTZ - Get Free Report)'s share price hit a new 52-week low on Wednesday. The stock traded as low as $181.93 and last traded at $181.0250, with a volume of 448,702 shares changing hands. The stock had previously closed at $187.34.

Wall Street Analysts Forecast Growth

MTZ has been the topic of a number of research reports. Citigroup dropped their target price on shares of MasTec from $483.00 to $408.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Stifel Nicolaus dropped their price objective on shares of MasTec from $376.00 to $305.00 and set a "buy" rating for the company in a report on Thursday, October 8th. UBS Group dropped their price target on shares of MasTec from $453.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. JPMorgan Chase & Co. reduced their price target on shares of MasTec from $369.00 to $303.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Piper Sandler lowered their price target on MasTec from $321.00 to $313.00 and set a "neutral" rating for the company in a report on Monday, September 28th. Nineteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, MasTec has a consensus rating of "Moderate Buy" and a consensus target price of $376.85.

MasTec Trading Down 4.5%

The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of 28.52 and a beta of 1.84. 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 business's 50-day moving average price is $231.86 and its two-hundred day moving average price is $317.80.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the business posted $1.49 earnings per share. The business's revenue for the quarter 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 predict that MasTec, Inc. will post 8.87 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MTZ. BlackRock Inc. bought a new stake in MasTec during the second quarter valued at about $3,178,069,000. Hill City Capital LP bought a new position in MasTec in the 2nd quarter valued at $896,609,300. First Trust Advisors LP raised its holdings in shares of MasTec by 7.6% in the first quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company's stock valued at $454,163,000 after acquiring an additional 100,151 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of MasTec during the 2nd quarter worth $555,825,000. Finally, Bank of New York Mellon Corp purchased a new position in MasTec during the 2nd quarter worth $280,544,000. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.

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