Mastec Inc (NYSE: MTZ) is 86.57% higher on its value in year-to-date trading and has touched a low of $60.96 and a high of $150.12 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 $143.07 in the last trading session, with the day’s loss setting it -1.8%.
Currently trading at $141.27, the stock is -0.47% and 6.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing -1.26% at the moment leaves the stock 29.46% off its SMA200. MTZ registered 115.25% gain for a year compared to 6-month gain of 30.35%. The firm has a 50-day simple moving average (SMA 50) of $132.2332 and a 200-day simple moving average (SMA200) of $108.7677.
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The stock witnessed a 3.46% loss in the last 1 month and extending the period to 3 months gives it a 45.25%, and is -2.27% down 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 2.39% over the week and 3.21% over the month.
Mastec Inc (MTZ) has around 34000 employees, a market worth around $11.19B and $12.18B in sales. Current P/E ratio is 126.22 and Fwd P/E is 27.96. Profit margin for the company is 0.73%. Distance from 52-week low is 131.74% and -5.90% from its 52-week high. The company has generated returns on investments over the last 12 months (1.70%).
The EPS is expected to grow by 84.33% this year
623.0 institutions hold shares in Mastec Inc (MTZ), with institutional investors hold 99.25% of the company’s shares. The shares outstanding are 79.22M, and float is at 61.49M with Short Float at 3.41%. Institutions hold 77.88% 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 Apple Robert E, the company’s COO. SEC filings show that Apple Robert E sold 10,000 shares of the company’s common stock on Nov 26 ’24 at a price of $150.00 per share for a total of $1.5 million. Following the sale, the insider now owns 0.19 million shares.
Mastec Inc disclosed in a document filed with the SEC on Nov 26 ’24 that Campbell C Robert (Director) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Nov 26 ’24 and was made at $145.00 per share for $0.43 million. Following the transaction, the insider now directly holds 42478.0 shares of the MTZ stock.
Still, SEC filings show that on Nov 29 ’24, Palomarez Javier Alberto (Board of Directors) Proposed Sale 700 shares at an average price of $144.55 for $0.1 million. The insider now directly holds shares of Mastec Inc (MTZ).
