MasTec (NYSE:MTZ) Stock Price Breaks Below 50-Day Moving Average - Time to Sell?

Key Points

• MasTec shares fell below their 50-day moving average, trading as low as $206 versus the $258.65 average, while remaining well below the 200-day average of $328.61.
• Despite the technical weakness, analysts maintain a “Moderate Buy” consensus, with 19 Buy ratings, three Holds, and an average price target of $421.60; several firms recently lowered targets while retaining positive ratings.
• MasTec reported quarterly revenue of $4.37 billion, up 23.4% year over year and above expectations, although EPS of $2.22 narrowly missed estimates. Institutional investors own approximately 78.1% of the stock.

MasTec, Inc. (NYSE:MTZ - Get Free Report) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $258.65 and traded as low as $206.00. MasTec shares last traded at $210.3970, with a volume of 1,390,588 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Mizuho lowered their price target on shares of MasTec from $502.00 to $457.00 and set an "outperform" rating on the stock in a report on Tuesday, August 4th. The Goldman Sachs Group lowered their target price on shares of MasTec from $508.00 to $409.00 and set a "buy" rating on the stock in a research note on Wednesday, August 12th. Guggenheim raised their target price on MasTec from $480.00 to $518.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Robert W. Baird cut their price target on MasTec from $475.00 to $363.00 and set an "outperform" rating for the company in a research note on Monday, August 3rd. Finally, Morgan Stanley set a $369.00 price target on MasTec in a report on Friday, July 31st. Nineteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, MasTec presently has an average rating of "Moderate Buy" and an average target price of $421.60.

MasTec Stock Performance

The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. The firm's fifty day moving average is $258.65 and its 200 day moving average is $328.61. The company has a market cap of $16.90 billion, a PE ratio of 33.56 and a beta of 1.82.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $4.30 billion. During the same period in the previous year, the business earned $1.49 earnings per share. The business'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, research analysts predict that MasTec, Inc. will post 8.9 EPS for the current fiscal year.

Institutional Investors Weigh In On MasTec

Several institutional investors have recently bought and sold shares of MTZ. Transamerica Financial Advisors LLC acquired a new position in shares of MasTec during the second quarter valued at approximately $32,000. Bell Investment Advisors Inc acquired a new stake in shares of MasTec in the second quarter worth approximately $32,000. Ascentis Independent Advisors acquired a new stake in shares of MasTec in the first quarter worth approximately $30,000. Solstein Capital LLC purchased a new stake in shares of MasTec during the second quarter worth approximately $58,000. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of MasTec during the first quarter worth approximately $65,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides installation, maintenance and upgrade services for communications, energy and utility networks. Its communications work includes wireless and wireline infrastructure, fiber-optic networks, broadband systems and related engineering and construction services.

The company also supports the development and maintenance of energy infrastructure. Its activities include construction services for renewable energy projects, power transmission and distribution systems, natural gas and oil pipelines, and other industrial infrastructure.

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