MasTec, Inc. (MTZ) Hit a 52 Week High, Can the Run Continue?

Have you been paying attention to shares of MasTec (MTZ)? Shares have been on the move with the stock up 5.7% over the past month. The stock hit a new 52-week high of $173.67 in the previous session. MasTec has gained 26.3% since the start of the year compared to the 0.5% gain for the Zacks Construction sector and the 17.1% return for the Zacks Building Products - Heavy Construction industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on May 1, 2025, MasTec reported EPS of $0.51 versus consensus estimate of $0.34 while it beat the consensus revenue estimate by 4.73%.For the current fiscal year, MasTec is expected to post earnings of $6.07 per share on $13.66 in revenues. This represents a 53.67% change in EPS on a 11.01% change in revenues. For the next fiscal year, the company is expected to earn $7.17 per share on $14.85 in revenues. This represents a year-over-year change of 18.1% and 8.7%, respectively.Valuation MetricsThough MasTec has recently hit a 52-week high, what is next for MasTec? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.MasTec has a Value Score of B. The stock's Growth and Momentum Scores are A and C, respectively, giving the company a VGM Score of A.In terms of its value breakdown, the stock currently trades at 28.3X current fiscal year EPS estimates, which is a premium to the peer industry average of 23.3X. On a trailing cash flow basis, the stock currently trades at 17.2X versus its peer group's average of 13.7X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to consider the stock's Zacks Rank, as this is even more important than the company's VGM Score. Fortunately, MasTec currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if MasTec passes the test. Thus, it seems as though MasTec shares could have potential in the weeks and months to come.How Does MTZ Stack Up to the Competition?Shares of MTZ have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Primoris Services Corporation (PRIM). PRIM has a Zacks Rank of #1 (Strong Buy) and a Value Score of B, a Growth Score of A, and a Momentum Score of D.Earnings were strong last quarter. Primoris Services Corporation beat our consensus estimate by 36.11%, and for the current fiscal year, PRIM is expected to post earnings of $4.48 per share on revenue of $6.77 billion.Shares of Primoris Services Corporation have gained 14.7% over the past month, and currently trade at a forward P/E of 19.23X and a P/CF of 15.61X.The Building Products - Heavy Construction industry is in the top 5% of all the industries we have in our universe, so it looks like there are some nice tailwinds for MTZ and PRIM, even beyond their own solid fundamental situation.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity.Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MasTec, Inc. (MTZ): Free Stock Analysis Report Primoris Services Corporation (PRIM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks