Company Performance - MasTec (MTZ) has shown a year-to-date performance increase of approximately 6%, outperforming the Construction sector's average return of 1.4% [4] - The Zacks Consensus Estimate for MasTec's full-year earnings has risen by 4.6% over the past quarter, indicating improved analyst sentiment and a positive earnings outlook [3] Industry Comparison - MasTec belongs to the Building Products - Heavy Construction industry, which consists of 10 individual stocks and currently ranks 65 in the Zacks Industry Rank. This industry has seen a year-to-date gain of about 4.8%, with MasTec performing better than this group [5] - Another stock in the Construction sector, Trex (TREX), has a year-to-date return of 1.7% and belongs to the Building Products - Wood industry, which is ranked 26 and has increased by 9.4% this year [4][6]

Core Viewpoint - MasTec, Inc. (MTZ) is currently trading at a premium compared to its industry peers, reflecting strong market confidence in its financial performance and growth potential [1][3][6]. Valuation Metrics - MTZ has a forward 12-month price-to-earnings (P/E) ratio of 28.95X, higher than the Zacks Building Products - Heavy Construction industry average of 22.47X [1]. - The stock has a Value Score of B, indicating moderate valuation, and a strong VGM Score of A, supported by Growth and Momentum Scores of A and B, respectively [2]. Performance Comparison - Over the past year, MTZ shares have increased by 138.4%, outperforming the industry growth of 115.2%, the broader Zacks Construction sector's 19.9%, and the S&P 500 index's 24.8% [6]. Business Model and Growth Drivers - MasTec's diversified business model and strategic acquisitions are key to its growth, supported by a solid backlog and strong market demand [7][10]. - As of September 30, 2024, the company reported an 18-month backlog of $13.86 billion, reflecting a 3.9% sequential increase and 11% year-over-year growth [11]. Segment Performance - The Communications segment is experiencing steady growth due to high demand for advanced network infrastructure, with significant projects like the fiber program build from Lumen Technologies [12][13]. - Infrastructure growth is driven by increased spending in clean energy, power delivery, and water infrastructure, aligning with MasTec's strategic focus on high-growth sectors [14][15]. Technical Indicators - MTZ stock is trading above both the 50-day and 200-day simple moving averages, indicating a bullish trend and positive market sentiment [16]. Analyst Outlook - Analysts have raised earnings per share estimates for 2025 from $5.30 to $5.40, indicating a year-over-year growth rate of 43.9% [19]. - The Zacks Consensus Estimate for 2025 sales is projected at $13.31 billion, suggesting an 8.9% year-over-year growth [20]. Investment Conclusion - Despite its high valuation, MasTec is viewed as a compelling investment opportunity due to strong demand in Clean Energy, Power Delivery, and Communications, supported by a solid backlog and increasing infrastructure spending [21].

Core Viewpoint - MasTec (MTZ) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [3][5]. - Institutional investors often rely on earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [3]. Business Improvement Indicators - The upgrade in MasTec's rating suggests an improvement in the company's underlying business, which is expected to drive the stock price higher [4]. - For the fiscal year ending December 2024, MasTec is projected to earn $3.75 per share, reflecting a 90.4% increase from the previous year [7]. Analyst Sentiment and Consensus Estimates - Over the past three months, the Zacks Consensus Estimate for MasTec has risen by 20.6%, indicating a positive trend in analyst sentiment [7]. - The Zacks Rank system maintains a balanced approach, with only the top 5% of stocks receiving a 'Strong Buy' rating, highlighting MasTec's strong position in earnings estimate revisions [8][9].

Core Insights - Momentum investors focus on "buying high and selling higher" rather than traditional strategies of buying low and waiting for recovery [1] - Identifying the right entry point for fast-moving stocks can be challenging, as they may lose momentum if their valuations exceed future growth potential [2] - Investing in bargain stocks that exhibit recent price momentum can be a safer strategy [3] Company Analysis: MasTec (MTZ) - MasTec (MTZ) has shown a four-week price change of 3.1%, indicating growing investor interest [4] - Over the past 12 weeks, MTZ's stock has gained 12.4%, with a beta of 1.74, suggesting it moves 74% more than the market [5] - MTZ has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - MTZ is trading at a Price-to-Sales ratio of 0.94, suggesting it is undervalued at 94 cents for each dollar of sales [7] Investment Opportunities - MTZ appears to have significant potential for growth at a fast pace, alongside other stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria [8] - There are over 45 Zacks Premium Screens available for investors to identify winning stock picks based on their investing style [9]

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Shares of MasTec, Inc. (MTZ) have gained 29.4% over the past six months, outperforming the 26.4% growth in the Zacks Building Products - Heavy Construction industry. The stock has also surpassed the broader Construction sector's growth of 7% and the S&P 500 index’s 10.9% rally during the same period.As of Thursday, the stock closed at $138.50, below its 52-week high of $150.12 but well above its 52-week low of $60.96. The MTZ stock has outperformed some other players in the past six months, including AECOM ...

MasTec, Inc. (MTZ) has caught the attention of investors with its impressive performance. After hovering around $143 per share for the past six trading sessions, the stock reached a new 52-week high of $150.12 on Tuesday. It then pulled back slightly to close the trading session at $147.94, marking a 3.4% increase from the previous day's closing price of $143.07.Shares of MTZ have gained 34.2% over the past six months, outperforming the 28.2% rise in the Zacks Building Products - Heavy Construction industry ...

Shares of MasTec (MTZ) have been strong performers lately, with the stock up 21.2% over the past month. The stock hit a new 52-week high of $150.12 in the previous session. MasTec has gained 95.4% since the start of the year compared to the 29.7% move for the Zacks Construction sector and the 108.3% return for the Zacks Building Products - Heavy Construction industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus est ...

CORAL GABLES, Fla., Nov. 27, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in a fireside chat with our covering analyst at the UBS 2024 Global Industrials and Transportation Conference on Wednesday, December 4th at approximately 3:30 p.m. Eastern Time. Additionally, one-on-one meetings with institutional investors and MasTec's senior management are also being arranged as a part of the conference.The audio and any presentation materials may be ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...