Quanta Services (NYSE:PWR) Trading Down 3.8% – Time to Sell?

Quanta Services, Inc. (NYSE:PWR)’s stock price fell 3.8% during mid-day trading on Friday . The company traded as low as $635.57 and last traded at $637.35. 500,566 shares changed hands during trading, a decline of 57% from the average daily volume of 1,166,032 shares. The stock had previously closed at $662.47.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PWR shares. KeyCorp upgraded Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 target price on the stock in a research note on Friday, August 7th. B. Riley Financial reaffirmed a “neutral” rating on shares of Quanta Services in a research note on Friday, May 1st. Stifel Nicolaus set a $784.00 price objective on shares of Quanta Services in a report on Friday, May 1st. Raymond James Financial started coverage on shares of Quanta Services in a research report on Friday, July 31st. They issued an “outperform” rating on the stock. Finally, Evercore increased their target price on shares of Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $769.25.

Quanta Services Trading Down 1.9%

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The firm has a fifty day moving average price of $672.91 and a 200 day moving average price of $634.62. The company has a market cap of $97.72 billion, a price-to-earnings ratio of 74.45, a P/E/G ratio of 2.22 and a beta of 1.23.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the previous year, the company earned $2.48 earnings per share. The firm’s revenue for the quarter was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, equities analysts predict that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.

Quanta Services declared that its board has authorized a stock repurchase program on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Quanta Services

Several hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Quanta Services during the fourth quarter worth approximately $817,285,000. Victory Capital Management Inc. lifted its holdings in Quanta Services by 35.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after purchasing an additional 758,862 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in Quanta Services by 137.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock worth $486,065,000 after purchasing an additional 667,050 shares during the last quarter. Sands Capital Management LLC bought a new stake in Quanta Services in the 4th quarter valued at $243,485,000. Finally, Select Equity Group L.P. grew its holdings in Quanta Services by 69.3% in the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after buying an additional 416,395 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Company Profile

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.