Mastec Inc. (NYSE: MTZ) is 64.43% higher on its value in year-to-date trading and has touched a low of $44.65 and a high of $121.26 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 $116.96 in the last trading session, with the day’s gains setting it 7.55%.
Currently trading at $124.51, the stock is 14.40% and 15.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing 6.46% at the moment leaves the stock 35.32% off its SMA200. MTZ registered 49.53% gain for a year compared to 6-month gain of 43.98%.
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The stock witnessed a 11.54% loss in the last 1 month and extending the period to 3 months gives it a 14.02%, and is 12.78% 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 3.26% over the week and 3.66% over the month.
Mastec Inc. (MTZ) has around 34000 employees, a market worth around $9.86B and $12.19B in sales. Current P/E ratio is 1317.57 and Fwd P/E is 29.12. Profit margin for the company is 0.06%. Distance from 52-week low is 178.86% and 2.68% from its 52-week high. The company has generated returns on investments over the last 12 months (0.15%).
The EPS is expected to grow by 53.31% this year
573.0 institutions hold shares in Mastec Inc. (MTZ), with institutional investors hold 101.63% of the company’s shares. The shares outstanding are 79.28M, and float is at 61.42M with Short Float at 4.42%. Institutions hold 79.67% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.03 million shares valued at $644.69 million. The investor’s holdings represent 7.731 of the MTZ Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.84 million shares valued at $624.79 million to account for 7.4923 of the shares outstanding. The other top investors are NORDEA INVESTMENT MANAGEMENT AB which holds 2.51 million shares representing 3.2238 and valued at over $276.32 million, while ALLIANCEBERNSTEIN L.P. holds 3.1553 of the shares totaling 2.46 million with a market value of $263.12 million.
Mastec Inc. (MTZ) Insider Activity
The most recent transaction is an insider sale by Csiszar Ernst N, the company’s Director. SEC filings show that Csiszar Ernst N sold 4,853 shares of the company’s common stock on Aug 22 ’24 at a price of $110.96 per share for a total of $0.54 million. Following the sale, the insider now owns 25000.0 shares.
Still, SEC filings show that on May 22 ’24, Campbell C Robert (Director) disposed off 2,000 shares at an average price of $110.00 for $0.22 million. The insider now directly holds 50,725 shares of Mastec Inc. (MTZ).
