Mastec Inc (NYSE: MTZ) is -6.84% lower on its value in year-to-date trading and has touched a low of $72.96 and a high of $166.95 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 $132.53 in the last trading session, with the day’s loss setting it -5.7%.
Currently trading at $126.83, the stock is -7.44% and -10.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.98 million and changing -4.30% at the moment leaves the stock 2.73% off its SMA200. MTZ registered 75.88% gain for a year compared to 6-month gain of 14.38%.
The stock witnessed a -6.05% loss in the last 1 month and extending the period to 3 months gives it a -10.78%, and is -4.47% 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 5.40% over the week and 4.36% over the month.
Mastec Inc (MTZ) has around 34000 employees, a market worth around $10.05B and $12.18B in sales. Current P/E ratio is 113.32 and Fwd P/E is 19.33. Profit margin for the company is 0.73%. Distance from 52-week low is 73.83% and -24.03% from its 52-week high. The company has generated returns on investments over the last 12 months (1.70%).
with sales reaching $2.85B over the same period.The EPS is expected to grow by 33.51% this year, but quarterly earnings will post 7.96% year-over-year. Quarterly sales are estimated to grow 6.06% in year-over-year returns.
The shares outstanding are 79.22M, and float is at 61.49M with Short Float at 2.83%.
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 3.2198 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 Palomarez Javier Alberto, the company’s Director. SEC filings show that Palomarez Javier Alberto sold 200 shares of the company’s common stock on Dec 04 ’24 at a price of $143.00 per share for a total of $28600.0. Following the sale, the insider now owns 10633.0 shares.
Mastec Inc disclosed in a document filed with the SEC on Nov 26 ’24 that Apple Robert E (COO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Nov 26 ’24 and was made at $150.00 per share for $1.5 million. Following the transaction, the insider now directly holds 0.19 million shares of the MTZ stock.
Still, SEC filings show that on Nov 26 ’24, Campbell C Robert (Director) disposed off 3,000 shares at an average price of $145.00 for $0.43 million. The insider now directly holds 42,478 shares of Mastec Inc (MTZ).
