MasTec (NYSE:MTZ) Stock Price Down 4.5% – Here’s What Happened

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

Analyst Ratings Changes

Several research analysts have commented on the company. Piper Sandler assumed coverage on MasTec in a report on Tuesday, September 8th. They set an “overweight” rating and a $321.00 target price on the stock. UBS Group decreased their price target on MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. KeyCorp lowered their price objective on MasTec from $500.00 to $371.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Guggenheim lifted their price objective on MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, Mizuho reduced their target price on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $422.00.

MasTec Price Performance

The company has a market capitalization of $17.24 billion, a price-to-earnings ratio of 34.23 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 business has a 50 day moving average price of $277.46 and a 200-day moving average price of $332.55.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.01). The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The company’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the prior year, the business 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. Research analysts predict that MasTec, Inc. will post 8.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MTZ. Ascentis Independent Advisors bought a new stake in MasTec in the first quarter valued at $30,000. Bell Investment Advisors Inc bought a new position in shares of MasTec during the 2nd quarter worth about $32,000. Transamerica Financial Advisors LLC acquired a new stake in shares of MasTec in the 2nd quarter valued at about $32,000. Solstein Capital LLC acquired a new stake in shares of MasTec in the 2nd quarter valued at about $58,000. Finally, GHP Investment Advisors Inc. bought a new stake in MasTec in the 1st quarter valued at about $65,000. 78.10% of the stock is owned by institutional investors.

About MasTec

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.