MasTec falls as likely profit-taking offsets still-strong fundamentals

MasTec, Inc. (MTZ) is down 3.4% today. Here is some analysis on what might have caused this price movement.

Analysis: There does not appear to be a fresh company-specific negative announcement driving Tuesday’s decline. This could be because investors are taking profits after a strong run in the shares, even though MasTec’s most recent disclosures still showed rising backlog, higher 2026 guidance, and continued demand across its infrastructure end markets.

Details:

MasTec’s latest reported quarter was strong: first-quarter 2026 revenue rose 34% year over year, adjusted EBITDA increased 73%, and management raised full-year adjusted diluted EPS guidance to $8.79.

The company also said its 18-month backlog reached a record $20.3 billion as of March 31, 2026, up from both the prior quarter and the year-earlier period, which points to healthy project demand.

Its March 31, 2026 quarterly filing showed roughly $1.54 billion of revolving borrowing availability and stated that MasTec was in compliance with its debt covenants, which does not suggest an obvious balance-sheet stress catalyst behind today’s move.

MasTec’s business spans communications, power delivery, clean energy, pipeline, and other infrastructure work, so the stock can be sensitive to sector rotations and shifting sentiment around capital spending even when no new company event is visible.

Sources:

MasTec Investor Relations, SEC, StockAnalysis

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 insiders have traded $MTZ stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 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
JAVIER ALBERTO PALOMAREZ sold 950 shares for an estimated $309,158

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

$MTZ Hedge Fund Activity

We have seen 421 institutional investors add shares of $MTZ stock to their portfolio, and 355 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PECONIC PARTNERS LLC added 1,978,431 shares (+123.7%) to their portfolio in Q1 2026, for an estimated $636,540,389
VICTORY CAPITAL MANAGEMENT INC added 1,690,896 shares (+178.6%) to their portfolio in Q4 2025, for an estimated $367,550,063
LONE PINE CAPITAL LLC added 1,531,050 shares (+inf%) to their portfolio in Q1 2026, for an estimated $492,600,027
MACQUARIE GROUP LTD removed 615,973 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $133,894,051
THIRD POINT LLC removed 605,000 shares (-65.4%) from their portfolio in Q1 2026, for an estimated $194,652,700
JACOBS LEVY EQUITY MANAGEMENT, INC removed 596,913 shares (-98.5%) from their portfolio in Q1 2026, for an estimated $192,050,788
CANADA PENSION PLAN INVESTMENT BOARD added 488,849 shares (+325.6%) to their portfolio in Q1 2026, for an estimated $157,282,277

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

$MTZ Congressional Stock Trading

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

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

SENATOR MARKWAYNE MULLIN sold up to $50,000 on 02/04.

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

$MTZ Price Targets

Multiple analysts have issued price targets for $MTZ recently. We have seen 18 analysts offer price targets for $MTZ in the last 6 months, with a median target of $476.5.

Here are some recent targets:

An analyst from CICC set a target price of $480.0 on 05/21/2026
Sangita Jain from Keybanc set a target price of $500.0 on 05/13/2026
Drew Chamberlain from JP Morgan set a target price of $491.0 on 05/13/2026
Joseph Osha from Guggenheim set a target price of $480.0 on 05/13/2026
Manish A. Somaiya from Cantor Fitzgerald set a target price of $545.0 on 05/11/2026
Maheep Mandloi from Mizuho set a target price of $498.0 on 05/05/2026
Justin Hauke from Baird set a target price of $473.0 on 05/04/2026

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