Mastec Inc. (NYSE: MTZ) is -1.27% lower on its value in year-to-date trading and has touched a low of $44.65 and a high of $123.33 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MTZ stock was last observed hovering at around $74.25 in the last trading session, with the day’s gains setting it 0.51%.
Currently trading at $74.76, the stock is 6.07% and 6.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 0.69% at the moment leaves the stock -10.02% off its SMA200. MTZ registered -22.66% loss for a year compared to 6-month loss of -24.32%. The firm has a 50-day simple moving average (SMA 50) of $0.79 and a 200-day simple moving average (SMA200) of $12.10.
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The stock witnessed a 11.58% gain in the last 1 month and extending the period to 3 months gives it a 31.97%, and is 6.68% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.40% over the week and 3.56% over the month.
Mastec Inc. (MTZ) has around 32000 employees, a market worth around $5.89B and $11.72B in sales. Fwd P/E is 28.06. Profit margin for the company is -0.40%. Distance from 52-week low is 67.44% and -39.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.79%).
Mastec Inc. quarterly earnings per share for the current quarter are estimated at $0.44 with sales reaching $3.26B over the same period.The EPS is expected to shrink by -41.74% this year, but quarterly earnings will post 22.50% year-over-year. Quarterly sales are estimated to grow 8.50% in year-over-year returns.
499 institutions hold shares in Mastec Inc. (MTZ), with institutional investors hold 108.02% of the company’s shares. The shares outstanding are 78.68M, and float is at 60.70M with Short Float at 6.53%. Institutions hold 84.90% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 5.94 million shares valued at $700.33 million. The investor’s holdings represent 7.53% of the MTZ Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 5.23 million shares valued at $616.98 million to account for 6.63% of the shares outstanding. The other top investors are Allspring Global Investments Holdings, LLC which holds 3.64 million shares representing 4.62% and valued at over $429.49 million, while Nordea Investment Management AB holds 3.78% of the shares totaling 2.98 million with a market value of $351.47 million.
Mastec Inc. (MTZ) Insider Activity
A total of 15 insider transactions have happened at Mastec Inc. (MTZ) in the last six months, with sales accounting for 6 and purchases happening 9 times. The most recent transaction is an insider sale by DiMarco Paul, the company’s CFO. SEC filings show that DiMarco Paul sold 1,332 shares of the company’s common stock on Oct 02 at a price of $71.35 per share for a total of $95038.0. Following the sale, the insider now owns 16620.0 shares.
Mastec Inc. disclosed in a document filed with the SEC on Oct 02 that Love Timothy Michael (CAO) sold a total of 1,095 shares of the company’s common stock. The trade occurred on Oct 02 and was made at $71.46 per share for $78249.0. Following the transaction, the insider now directly holds 10525.0 shares of the MTZ stock.
Mastec Inc. (MTZ): Who are the competitors?
One of the company’s main competitors (and peers) include Crown Castle Inc. (CCI) that is trading -15.81% down over the past 12 months.SBA Communications Corp. (SBAC) lies in the list of competitors of the Mastec Inc. and is -19.52% lower over the same period from MTZJacobs Solutions Inc. (J) is 23.26% up on the 1-year trading charts.
