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MasTec Shares Slip as Investors Weigh Recent Analyst Target Cuts Ahead of Earnings

Investivoq PriceTracker

MasTec (MTZ) is down 3.6% today. Here is some analysis on what might have caused this price movement. ([investors.mastec.com](https://investors.mastec.com/news-releases/news-release-details/mastec-schedules-third-quarter-2026-earnings-conference-call?utm_source=openai))

Analysis: The pullback appears tied to a cautious setup heading into MasTec’s third-quarter report, with investors digesting several recent analyst price-target cuts and concerns about softer communications activity. This could also reflect unease over project timing in parts of the business, even though the company’s longer-term backlog and full-year outlook have remained substantial. ([finance.yahoo.com](https://finance.yahoo.com/quote/MTZ/?utm_source=openai))

Details:

  • MasTec has scheduled its third-quarter 2026 earnings release for October 29, 2026, which can make shares more sensitive to estimate changes and cautious positioning ahead of results. ([investors.mastec.com](https://investors.mastec.com/news-releases/news-release-details/mastec-schedules-third-quarter-2026-earnings-conference-call?utm_source=openai))
  • A recent analyst action listed on October 19 showed a lower price target on the stock while maintaining an overweight rating, signaling a more tempered near-term view rather than a full downgrade. ([finance.yahoo.com](https://finance.yahoo.com/quote/MTZ/?utm_source=openai))
  • Another recent analyst note pointed to a slowdown in the communications segment and expected second-half 2026 communications revenue to run below first-half levels. ([tipranks.com](https://www.tipranks.com/news/the-fly/mastec-price-target-lowered-to-470-from-545-at-clear-street-thefly-news))
  • MasTec’s second-quarter materials still showed full-year 2026 adjusted diluted EPS guidance of $9.30 and third-quarter adjusted diluted EPS guidance of $2.98, suggesting the selloff may be more about sentiment and segment mix than a newly disclosed companywide collapse. ([investors.mastec.com](https://investors.mastec.com/news-releases/news-release-details/mastec-reports-second-quarter-2026-results-and-updates-full-year))

    • Sources:

    MasTec Investor Relations, Yahoo Finance, TipRanks

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $MTZ Insider Trading Activity

    MTZ Insider Trades

    $MTZ insiders have traded $MTZ stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

    Here’s a breakdown of recent trading of $MTZ stock by insiders over the last 6 months:

    • ERNST N CSISZAR sold 6,500 shares for an estimated $2,412,605
    • C ROBERT CAMPBELL sold 3,000 shares for an estimated $1,251,000

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $MTZ Hedge Fund Activity

    We have seen 459 institutional investors add shares of $MTZ stock to their portfolio, and 389 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • VICTORY CAPITAL MANAGEMENT INC removed 1,427,372 shares (-54.1%) from their portfolio in Q2 2026, for an estimated $593,872,394
    • JPMORGAN CHASE & CO added 1,318,161 shares (+inf%) to their portfolio in Q2 2026, for an estimated $548,434,065
    • T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 593,686 shares (+1562331.6%) to their portfolio in Q2 2026, for an estimated $247,008,997
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 551,319 shares (+inf%) to their portfolio in Q2 2026, for an estimated $229,381,783
    • AMERIPRISE FINANCIAL INC added 503,180 shares (+217.1%) to their portfolio in Q2 2026, for an estimated $209,353,070
    • MILLENNIUM MANAGEMENT LLC removed 459,301 shares (-91.3%) from their portfolio in Q2 2026, for an estimated $191,096,774
    • BLACKROCK, INC. added 328,878 shares (+4.5%) to their portfolio in Q2 2026, for an estimated $136,832,980

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $MTZ Congressional Stock Trading

    Members of Congress have traded $MTZ stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

    Here’s a breakdown of recent trading of $MTZ stock by members of Congress over the last 6 months:

    • REPRESENTATIVE THOMAS H. KEAN, JR. purchased up to $15,000 on 08/21.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $MTZ Price Targets

    Multiple analysts have issued price targets for $MTZ recently. We have seen 12 analysts offer price targets for $MTZ in the last 6 months, with a median target of $485.0.

    Here are some recent targets:

    • Justin Hauke from Baird set a target price of $475.0 on 07/09/2026
    • Manish A. Somaiya from Cantor Fitzgerald set a target price of $581.0 on 07/09/2026
    • Maheep Mandloi from Mizuho set a target price of $502.0 on 07/08/2026
    • Jamie Cook from Truist Securities set a target price of $550.0 on 07/02/2026
    • An analyst from CICC set a target price of $480.0 on 05/21/2026
    • Joseph Osha from Guggenheim set a target price of $480.0 on 05/13/2026
    • Sangita Jain from Keybanc set a target price of $500.0 on 05/13/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.