MasTec (MTZ) Stock

MasTec, Inc. (MTZ) shares are now priced higher than the Zacks Building Products - Heavy Construction industry, with a forward 12-month price-to-earnings (P/E) ratio of 28.95X. In comparison, the industry average is 22.47X.

The MTZ stock is currently at its highest point ever and is experiencing a strong upward trend. In the last year, it has increased by 124%, and over the past ten years, it has risen by 700%. The small and short declines show that there is a solid group of shareholders and optimistic outlooks.

MasTec (MTZ) could see an increase in its stock price due to rising confidence in its earnings potential, as shown by its upgrade to a Zacks Rank #1 (Strong Buy).

MasTec is notable for having a lower valuation and better growth predictions than other companies in the energy and telecom construction industries. With more than 80 years of experience, MTZ has become one of the top three engineering and construction firms, boasting a $14 billion backlog. Its business model is efficient, requiring less capital and generating high returns, but it does encounter challenges such as economic slowdowns and minimal entry barriers.

MasTec (MTZ) has reached its highest point in the last year, but can investors expect further increases? We will examine the company's fundamentals for insights.

MasTec, Inc. (MTZ) shares have increased by 29.4% in the last six months, which is better than the 26.4% rise in the Zacks Building Products - Heavy Construction industry. Additionally, the stock has outperformed the overall Construction sector's growth of 7% and the S&P 500 index's 10.9% increase during this time.

MasTec and Target are featured in the Zacks Bull and Bear of the Day article.

This Analyst Blog features Mastec, Parsons, and MACOM.

Will these construction stocks, which have risen over 70% in 2024, continue to gain as interest rates fall and spending increases in 2025?