MasTec (NYSE:MTZ) Shares Down 4.5% – What’s Next?

Shares of MasTec, Inc. (NYSE:MTZ) fell 4.5% on Thursday . The company traded as low as $219.02 and last traded at $215.4730. Approximately 439,575 shares changed hands during trading, a decline of 62% from the average daily volume of 1,148,794 shares. The stock had previously closed at $225.62.

Analysts Set New Price Targets

MTZ has been the subject of several recent research reports. Weiss Ratings downgraded MasTec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Mizuho reduced their price objective on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. TD Cowen decreased their target price on MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Robert W. Baird lowered their target price on MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Finally, KeyCorp reduced their price target on MasTec from $500.00 to $371.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, MasTec presently has an average rating of “Moderate Buy” and a consensus price target of $422.00.

MasTec Stock Down 4.8%

The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 34.26 and a beta of 1.82. The firm’s fifty day moving average is $284.15 and its 200-day moving average is $334.01. 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 issued its earnings results 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 net margin of 3.07% and a return on equity of 18.08%. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the company posted $1.49 EPS. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. 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, Inc. will post 8.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in MasTec in the second quarter valued at $3,178,069,000. Hill City Capital LP acquired a new stake in shares of MasTec in the 2nd quarter worth about $896,609,300. Victory Capital Management Inc. lifted its position in MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after purchasing an additional 1,690,896 shares during the last quarter. Bank of America Corp DE acquired a new position in MasTec during the 2nd quarter valued at about $555,825,000. Finally, Bank of New York Mellon Corp acquired a new position in MasTec during the 2nd quarter valued at about $280,544,000. Institutional investors own 78.10% of the company’s stock.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that serves communications, energy and utility customers. The company provides design, construction, installation, maintenance and upgrade services for infrastructure projects across the United States and, in certain activities, Canada.

MasTec’s communications business supports wireless, wireline and broadband networks, including fiber-optic systems, 5G infrastructure and other communications facilities. Its energy and infrastructure operations serve electric utilities, renewable energy developers and other industrial customers through services such as power transmission and distribution construction, solar and wind project development, pipeline construction and other related infrastructure work.

MasTec traces its roots to the telecommunications and utility construction businesses and was formed as MasTec in 1994.