MasTec (NYSE:MTZ) Stock Price Down 4.5% - What's Next?

Key Points

• MasTec shares fell 4.5% to about $243.92 in mid-day trading, with volume slightly above average. The stock is trading well below its 50-day and 200-day moving averages, both above $335.
• Despite recent target cuts from UBS, KeyCorp and TD Cowen, Wall Street remains bullish, with an average “Buy” rating and a consensus price target of $427.32.
• MasTec’s latest quarterly revenue rose 23.4% year over year to $4.37 billion, exceeding estimates, while EPS of $2.22 narrowly missed expectations. The company issued fiscal 2026 EPS guidance of $9.30.

Shares of MasTec, Inc. (NYSE:MTZ - Get Free Report) fell 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 mid-day trading, an increase of 7% from the average daily volume of 1,131,200 shares. The stock had previously closed at $255.36.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MTZ. UBS Group reduced their price objective 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. Jefferies Financial Group reiterated a "buy" rating and set a $493.00 target price on shares of MasTec in a research note on Monday, May 4th. KeyCorp lowered their price objective on MasTec from $500.00 to $371.00 and set an "overweight" rating on the stock in a research report on Monday, August 3rd. TD Cowen dropped their price target on shares of MasTec from $470.00 to $420.00 and set a "buy" rating for the company in a research report on Monday, August 3rd. Finally, Zacks Research upgraded shares of MasTec from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $427.32.

MasTec Stock Down 4.3%

The business's fifty day simple moving average is $335.27 and its 200 day simple moving average is $337.66. The stock has a market cap of $19.62 billion, a price-to-earnings ratio of 38.90 and a beta of 1.82. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71.

MasTec (NYSE:MTZ - Get Free Report) last issued its 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 the consensus estimate of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.MasTec's quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the business posted $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. Equities analysts forecast that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value 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. The trade was a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 21.40% of the company's stock.

Institutional Investors Weigh In On MasTec

Several large investors have recently made changes to their positions in MTZ. Earned Wealth Advisors LLC increased its holdings in MasTec by 2.8% during the 1st quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company's stock worth $326,000 after purchasing an additional 28 shares in the last quarter. Aigen Investment Management LP boosted its holdings in shares of MasTec by 3.8% in the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company's stock valued at $226,000 after buying an additional 38 shares during the last quarter. Everhart Financial Group Inc. lifted its stake in MasTec by 5.4% in the 2nd quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company's stock valued at $364,000 after purchasing an additional 45 shares during the last quarter. Motley Fool Asset Management LLC raised its stake in MasTec by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company's stock valued at $285,000 after buying an additional 47 shares during the period. Finally, Williamson Legacy Group LLC lifted its holdings in MasTec by 0.9% during the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company's stock valued at $1,296,000 after purchasing an additional 52 shares during the last quarter. Institutional investors 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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