MasTec (NYSE:MTZ) Sets New 12-Month Low – Here’s What Happened

Posted by Brenda Bartman on Oct 23rd, 2026

MasTec, Inc. (NYSE:MTZ – Get Free Report) hit a new 52-week low on Wednesday. The stock traded as low as $181.93 and last traded at $181.0250, with a volume of 448,702 shares traded. The stock had previously closed at $187.34.

Analysts Set New Price Targets

MTZ has been the topic of several recent analyst reports. Morgan Stanley set a $369.00 target price on MasTec in a research note on Friday, July 31st. Guggenheim increased their target price on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $274.00 price target on shares of MasTec in a research report on Thursday. KeyCorp cut their price target on shares of MasTec from $371.00 to $320.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Finally, Mizuho set a $352.00 price target on shares of MasTec in a research report on Wednesday, October 7th. Nineteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $370.10.

View Our Latest Stock Analysis on MasTec

MasTec Stock Performance

The stock has a market capitalization of $13.77 billion, a PE ratio of 23.29 and a beta of 1.84. 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 firm has a 50 day moving average of $227.57 and a 200-day moving average of $315.55.

MasTec (NYSE:MTZ – Get Free Report) last released its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share 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 analysts’ expectations of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company’s revenue was up 23.4% compared to the same quarter last year. During the same period last 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. Research analysts forecast that MasTec, Inc. will post 8.87 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MTZ. BlackRock Inc. purchased a new stake in MasTec in the 2nd quarter worth approximately $3,178,069,000. Hill City Capital LP acquired a new stake in shares of MasTec during the 2nd quarter valued at $896,609,300. First Trust Advisors LP grew its holdings in shares of MasTec by 7.6% during the 1st quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock valued at $454,163,000 after acquiring an additional 100,151 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of MasTec during the 2nd quarter valued at $555,825,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of MasTec during the 2nd quarter valued at $280,544,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

About MasTec

(Get Free Report)

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.