MasTec (NYSE:MTZ) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of MasTec (NYSE:MTZ) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on MTZ. KeyCorp increased their price objective on MasTec from $264.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Truist Financial upped their price target on MasTec from $270.00 to $356.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Stifel Nicolaus increased their price target on shares of MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Citigroup boosted their price objective on shares of MasTec from $284.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Mizuho upped their target price on shares of MasTec from $254.00 to $362.00 and gave the stock an “outperform” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $283.79.

MasTec Stock Performance

Shares of MTZ opened at $285.39 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. The firm has a market cap of $22.52 billion, a PE ratio of 56.29 and a beta of 1.89. MasTec has a 1 year low of $99.70 and a 1 year high of $310.36. The stock’s fifty day moving average price is $253.65 and its two-hundred day moving average price is $220.47.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.44 EPS. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. On average, equities research analysts forecast that MasTec will post 3.44 EPS for the current year.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total value of $1,952,600.00. Following the completion of the sale, the director directly owned 17,235 shares of the company’s stock, valued at $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 21.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MasTec

A number of hedge funds and other institutional investors have recently modified their holdings of MTZ. Salomon & Ludwin LLC boosted its stake in shares of MasTec by 344.4% during the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after purchasing an additional 93 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in MasTec during the 4th quarter valued at $30,000. Caldwell Trust Co bought a new stake in MasTec in the 2nd quarter worth $29,000. Parkside Financial Bank & Trust increased its position in shares of MasTec by 253.7% in the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock valued at $33,000 after acquiring an additional 137 shares during the period. Finally, Princeton Global Asset Management LLC bought a new position in shares of MasTec during the third quarter valued at about $43,000. Institutional investors own 78.10% of the company’s stock.

Key MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec reported a big increase in backlog — 18‑month backlog rose to $18.96B (up $4.7B year/year), signaling sustained demand across clean energy and power delivery projects that supports future revenue visibility. Read More.
• Positive Sentiment: Q4 results and FY guidance remain strong — MasTec beat Q4 revenue and EPS estimates and provided FY guidance, reinforcing growth expectations tied to infrastructure and AI/energy-related work. This helps justify recent analyst target increases. Read More.
• Positive Sentiment: Several firms raised price targets and reiterated buy/outperform views, lifting upside expectations and institutional interest (multiple target increases reported this week). Read More.
• Neutral Sentiment: Market commentary flagged profit‑taking after MasTec’s Q4 rally — some selling appears to be rotation tied to short‑term AI/infra enthusiasm rather than fundamental weakness. Read More.
• Negative Sentiment: Zacks Research downgraded MasTec from “strong‑buy” to “hold,” which can reduce buying from Zacks‑oriented investors and temper momentum. Read More.
• Negative Sentiment: Insider selling: Director Ernst N. Csiszar sold 6,500 shares (~$1.95M at ~$300.40), trimming his stake ~27%, a move that often spooks traders even if it isn’t company‑specific. Read More.

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.