MasTec (NYSE:MTZ) Lowered to “Hold” Rating by Zacks Research

Zacks Research lowered shares of MasTec (NYSE:MTZ) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the company. Citigroup decreased their price objective on MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. JPMorgan Chase & Co. boosted their target price on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating and issued a $493.00 price target on shares of MasTec in a research note on Monday, May 4th. Wall Street Zen cut shares of MasTec from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, CICC Research initiated coverage on MasTec in a research note on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price target for the company. Nineteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $427.32.

MasTec Stock Performance

Shares of MTZ stock opened at $251.15 on Wednesday. The company has a 50-day simple moving average of $327.72 and a 200 day simple moving average of $337.72. 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 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 52 week low of $171.05 and a 52 week high of $441.43.

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). The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The company’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, sell-side analysts predict that MasTec will post 8.91 earnings per share for the current year.

Insider Buying and Selling at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction on 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 sale, the director 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 21.40% of the company’s stock.

Hedge Funds Weigh In On MasTec

A number of institutional investors have recently modified their holdings of the business. Transamerica Financial Advisors LLC acquired a new stake in MasTec in the second quarter valued at about $32,000. Bell Investment Advisors Inc acquired a new position in MasTec during the second quarter worth about $32,000. Ascentis Independent Advisors bought a new position in shares of MasTec in the first quarter worth about $30,000. Solstein Capital LLC bought a new position in shares of MasTec in the second quarter worth about $58,000. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of MasTec in the 1st quarter valued at approximately $65,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

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.