Mastec Inc. (NYSE: MTZ) is 19.86% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MTZ stock was last observed hovering at around $86.48 in the last trading session, with the day’s gains setting it 4.28%.
Currently trading at $90.76, the stock is 9.22% and 21.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing 4.95% at the moment leaves the stock 10.52% off its SMA200. MTZ registered 0.97% gain for a year compared to 6-month loss of 10.63%. The firm has a 50-day simple moving average (SMA 50) of $0.85 and a 200-day simple moving average (SMA200) of $13.46.
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The stock witnessed a 29.51% gain in the last 1 month and extending the period to 3 months gives it a 23.50%, and is 7.59% 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 2.67% over the week and 3.46% over the month.
Mastec Inc. (MTZ) has around 34000 employees, a market worth around $7.20B and $12.00B in sales. Fwd P/E is 22.17. Profit margin for the company is -0.42%. Distance from 52-week low is 103.27% and -26.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.85%).
Mastec Inc. quarterly earnings per share for the current quarter are estimated at -$0.48 with sales reaching $2.62B over the same period.The EPS is expected to grow by 34.47% this year, but quarterly earnings will post 4.40% year-over-year. Quarterly sales are estimated to grow 1.40% in year-over-year returns.
502 institutions hold shares in Mastec Inc. (MTZ), with institutional investors hold 107.00% of the company’s shares. The shares outstanding are 79.28M, and float is at 61.77M with Short Float at 6.52%. Institutions hold 83.96% 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
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 ’23 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 ’23 that Love Timothy Michael (CAO) sold a total of 1,095 shares of the company’s common stock. The trade occurred on Oct 02 ’23 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.
