MasTec (NYSE:MTZ) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of MasTec (NYSE:MTZ) from a buy rating to a hold rating in a research report report published on Saturday.

MTZ has been the topic of several other reports. KeyCorp cut their price target on shares of MasTec from $500.00 to $371.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Weiss Ratings raised MasTec from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. CICC Research assumed coverage on MasTec in a research report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective for the company. Truist Financial restated a “buy” rating and set a $428.00 target price (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. Finally, Morgan Stanley set a $369.00 target price on MasTec in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, MasTec currently has a consensus rating of “Buy” and a consensus target price of $431.42.

MasTec Stock Performance

MTZ stock opened at $268.26 on Friday. MasTec has a one year low of $167.66 and a one year high of $441.43. The firm has a market cap of $21.54 billion, a price-to-earnings ratio of 42.78 and a beta of 1.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The firm has a 50-day simple moving average of $351.93 and a two-hundred day simple moving average of $335.29.

MasTec (NYSE:MTZ) last issued its quarterly earnings data 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). MasTec had a return on equity of 18.08% and a net margin of 3.07%.The firm had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the firm earned $1.49 EPS. The firm’s quarterly revenue 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. On average, equities analysts forecast that MasTec will post 8.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Ernst N. Csiszar sold 6,500 shares of the 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 transaction, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. The sale was disclosed in a document filed 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

Institutional investors and hedge funds have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MasTec in the 4th quarter worth approximately $30,000. Ascentis Independent Advisors acquired a new stake in MasTec during the 1st quarter valued at approximately $30,000. Bell Investment Advisors Inc purchased a new stake in shares of MasTec in the 2nd quarter valued at $32,000. CIBC Private Wealth Group LLC boosted its holdings 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 valued at $51,000 after acquiring an additional 186 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after acquiring an additional 182 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

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.