Zacks Research Downgrades MasTec (NYSE:MTZ) to Hold

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

MTZ has been the subject of several other research reports. The Goldman Sachs Group reduced their price objective on shares of MasTec from $508.00 to $409.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Wall Street Zen lowered MasTec from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. UBS Group cut their target price on MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Roth Capital reissued a “buy” rating and issued a $450.00 target price on shares of MasTec in a report on Monday, May 4th. Finally, B. Riley Financial reissued a “buy” rating on shares of MasTec in a research report on Monday, May 4th. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $427.32.

MasTec Stock Up 1.0%

Shares of NYSE MTZ opened at $251.15 on Wednesday. The business has a 50-day moving average of $327.72 and a two-hundred day moving average of $337.72. The company has a market capitalization of $20.17 billion, a price-to-earnings ratio of 40.06 and a beta of 1.81. MasTec has a 1 year low of $171.05 and a 1 year high of $441.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The business had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, analysts forecast that MasTec 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 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 sale, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On MasTec

Hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors acquired a new position in MasTec in the 1st quarter valued at $30,000. Bell Investment Advisors Inc purchased a new position in MasTec during the 2nd quarter worth $32,000. Transamerica Financial Advisors LLC acquired a new stake in shares of MasTec in the 2nd quarter worth $32,000. CIBC Private Wealth Group LLC lifted its stake in shares of MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after acquiring an additional 186 shares during the period. Finally, Solstein Capital LLC purchased a new stake in shares of MasTec in the second quarter valued at about $58,000. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Company Profile

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.