MasTec (NYSE:MTZ) Stock Rating Lowered by Zacks Research

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

MTZ has been the subject of a number of other reports. Cantor Fitzgerald lifted their target price on MasTec from $347.00 to $545.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Wolfe Research reaffirmed an “outperform” rating and issued a $326.00 target price on shares of MasTec in a report on Monday, March 2nd. Barclays boosted their price target on shares of MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. TD Cowen increased their price objective on shares of MasTec from $320.00 to $445.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Weiss Ratings lowered shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $459.28.

MasTec Stock Down 3.0%

Shares of NYSE:MTZ opened at $416.04 on Monday. The firm has a market capitalization of $32.88 billion, a PE ratio of 72.86 and a beta of 1.77. MasTec has a 1 year low of $160.08 and a 1 year high of $441.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The firm’s 50-day moving average is $387.56 and its two-hundred day moving average is $313.43.

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

Insiders Place Their Bets

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

Institutional Trading of MasTec

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased 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 during the period. Peconic Partners LLC grew its position in shares of MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after acquiring an additional 850,000 shares during the last quarter. Coatue Management LLC purchased a new position in shares of MasTec during the fourth quarter worth approximately $147,357,000. 140 Summer Partners LP acquired a new position in shares of MasTec in the 3rd quarter valued at $81,514,000. Finally, First Trust Advisors LP increased its holdings in shares of MasTec by 52.1% in the 3rd quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock valued at $217,529,000 after acquiring an additional 350,228 shares during the period. 78.10% of the stock is 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.