MasTec (NYSE:MTZ) Downgraded to Hold Rating by Zacks Research

MasTec (NYSE:MTZ) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also commented on MTZ. Weiss Ratings lowered shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. DA Davidson boosted their price target on MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Guggenheim raised MasTec from a “neutral” rating to a “buy” rating and set a $480.00 price objective for the company in a report on Wednesday, May 13th. KeyCorp raised their target price on shares of MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Robert W. Baird lifted their price objective on shares of MasTec from $348.00 to $473.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, MasTec has an average rating of “Moderate Buy” and an average price target of $459.28.

MasTec Trading Down 3.0%

Shares of NYSE:MTZ opened at $416.04 on Monday. The firm has a market cap of $32.88 billion, a price-to-earnings ratio of 72.86 and a beta of 1.77. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. MasTec has a 12 month low of $160.08 and a 12 month high of $441.43. The company’s fifty day simple moving average is $387.56 and its 200 day simple moving average is $313.43.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.41. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. As a group, research analysts forecast that MasTec will post 8.5 EPS for the current fiscal year.

Insider Activity at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction 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 transaction, the director owned 10,816 shares in the company, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the transaction, the director directly owned 30,646 shares in the company, valued at approximately $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 21.40% of the company’s stock.

Institutional Investors Weigh In On MasTec

Hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. grew its position in MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after buying an additional 1,690,896 shares in the last quarter. Peconic Partners LLC lifted its position 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 valued at $347,792,000 after acquiring an additional 850,000 shares during the period. Coatue Management LLC acquired a new stake in shares of MasTec during the 4th quarter worth $147,357,000. 140 Summer Partners LP acquired a new stake in shares of MasTec during the 3rd quarter worth $81,514,000. Finally, First Trust Advisors LP increased its position in shares of MasTec by 52.1% in the third quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock worth $217,529,000 after purchasing an additional 350,228 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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.