MasTec (NYSE:MTZ) Share Price Breaks Below 50 Day Moving Average – Time to Sell?

Shares of MasTec, Inc. (NYSE:MTZ) crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $258.65 and traded as low as $206.00. MasTec shares last traded at $210.3970, with a volume of 1,390,588 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MTZ. Wall Street Zen lowered shares of MasTec from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. TD Cowen lowered their target price on MasTec from $470.00 to $420.00 and set a “buy” rating for the company in a report on Monday, August 3rd. The Goldman Sachs Group cut their price objective on shares of MasTec from $508.00 to $409.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Finally, Guggenheim boosted their price objective on shares of MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Nineteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $421.60.

MasTec Price Performance

The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The company has a market capitalization of $17.15 billion, a price-to-earnings ratio of 34.06 and a beta of 1.82. The stock has a fifty day simple moving average of $255.79 and a 200-day simple moving average of $328.03.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share 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 analysts’ expectations of $4.30 billion. During the same period in the prior year, the business posted $1.49 earnings per share. The company’s quarterly revenue 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, equities research analysts anticipate that MasTec, Inc. will post 8.9 EPS for the current year.

Institutional Trading of MasTec

Hedge funds and other institutional investors have recently made changes to their positions in the company. Earned Wealth Advisors LLC lifted its holdings in shares of MasTec by 2.8% during the first quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock worth $326,000 after purchasing an additional 28 shares during the period. Everhart Financial Group Inc. lifted its position in shares of MasTec by 5.4% during the 2nd quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock valued at $364,000 after acquiring an additional 45 shares during the period. Motley Fool Asset Management LLC boosted its position in MasTec by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock worth $285,000 after purchasing an additional 47 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of MasTec by 21.0% in the 1st quarter. Parallel Advisors LLC now owns 340 shares of the construction company’s stock worth $109,000 after buying an additional 59 shares in the last quarter. Finally, Root Financial Partners LLC lifted its holdings in shares of MasTec by 25.4% in the first quarter. Root Financial Partners LLC now owns 311 shares of the construction company’s stock valued at $100,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

About MasTec

MasTec, Inc is an infrastructure construction and engineering company that provides installation, maintenance and upgrade services for communications, energy and utility networks. Its communications work includes wireless and wireline infrastructure, fiber-optic networks, broadband systems and related engineering and construction services.

The company also supports the development and maintenance of energy infrastructure. Its activities include construction services for renewable energy projects, power transmission and distribution systems, natural gas and oil pipelines, and other industrial infrastructure.