Mastec Inc Stock Today
| MTZ Stock | USD 86.53 2.77 3.31% |
Performance13 of 100
| Odds Of DistressLess than 18
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MasTec is trading at 86.53 as of the 24th of April 2024; that is 3.31 percent increase since the beginning of the trading day. The stock's open price was 83.76. MasTec has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for MasTec Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 26th of March 1990 | Category Industrials |
MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. MasTec, Inc. The company has 79.49 M outstanding shares of which 3.12 M shares are now shorted by investors with about 3.06 days to cover. More on MasTec Inc
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Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
MasTec Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. MasTec's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MasTec or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Jose Mas | ||||
| Thematic Ideas | (View all Themes) | ||||
| Old Name | Montana Exploration Corp | ||||
| Business Concentration | Construction & Engineering, Engineering & Construction, Industrials, NYSE Composite, SP Midcap 400, Military Industrial, Construction, Industrials, Construction & Engineering, Engineering & Construction, Industrials (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering MasTec report their recommendations after researching MasTec's financial statements, talking to executives and customers, or listening in on MasTec's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering MasTec Inc. The MasTec consensus assessment is calculated by taking the average forecast from all of the analysts covering MasTec. | |||||
MasTec's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to MasTec's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. MasTec's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of MasTec's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand MasTec's financial leverage. It provides some insight into what part of MasTec's total assets is financed by creditors.
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MasTec Inc (MTZ) is traded on New York Stock Exchange in USA. It is located in 800 S. Douglas Road, Coral Gables, FL, United States, 33134 and employs 34,000 people. MasTec is listed under Construction & Engineering category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 6.88 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate MasTec's market, we take the total number of its shares issued and multiply it by MasTec's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. MasTec Inc runs under Construction & Engineering sector within Industrials industry. The entity has 79.49 M outstanding shares of which 3.12 M shares are now shorted by investors with about 3.06 days to cover.
MasTec Inc has about 370.59 M in cash with 687.28 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.89.
Check MasTec Probability Of Bankruptcy
Ownership AllocationMasTec Inc maintains a total of 79.49 Million outstanding shares. The majority of MasTec outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in MasTec Inc to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in MasTec Inc. Please pay attention to any change in the institutional holdings of MasTec as this could imply that something significant has changed or is about to change at the company. Also note that almost two million three hundred eighty-four thousand six hundred seventy-six invesors are currently shorting MasTec expressing very little confidence in its future performance.
Check MasTec Ownership Details
MasTec Stock Price Odds Analysis
Based on a normal probability distribution, the odds of MasTec jumping above the current price in 90 days from now is about 27.44%. The MasTec Inc probability density function shows the probability of MasTec stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.7146. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, MasTec will likely underperform. Additionally, masTec Inc has an alpha of 0.2724, implying that it can generate a 0.27 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of MasTec to move above the current price in 90 days from now is about 27.44 (This MasTec Inc probability density function shows the probability of MasTec Stock to fall within a particular range of prices over 90 days) .
MasTec Stock Institutional Holders
Institutional Holdings refers to the ownership stake in MasTec that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of MasTec's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing MasTec's value.| Instituion | Recorded On | Shares | |
| Macquarie Group Ltd | 2023-12-31 | 1.3 M | |
| Millennium Management Llc | 2023-12-31 | 1.3 M | |
| Hood River Capital Management Llc | 2023-12-31 | 1.1 M | |
| Citadel Advisors Llc | 2023-09-30 | 1.1 M | |
| Frontier Capital Management Co Inc | 2023-12-31 | 1 M | |
| Vontobel Holding Ltd. | 2023-12-31 | 1 M | |
| Geode Capital Management, Llc | 2023-12-31 | 942.7 K | |
| Orbis Allan Gray Ltd | 2023-12-31 | 913 K | |
| Marshall Wace Asset Management Ltd | 2023-12-31 | 785.7 K | |
| Vanguard Group Inc | 2023-12-31 | 6 M | |
| Blackrock Inc | 2023-12-31 | 5.4 M |
MasTec Historical Income Statement
MasTec Inc Income Statement is one of the three primary financial statements used for reporting MasTec's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of MasTec Inc revenue and expense. MasTec Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, MasTec's Depreciation And Amortization is fairly stable compared to the past year. Interest Expense is likely to rise to about 246.1 M in 2024, whereas Operating Income is likely to drop slightly above 147.9 M in 2024. View More FundamentalsMasTec Stock Against Markets
Picking the right benchmark for MasTec stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in MasTec stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for MasTec is critical whether you are bullish or bearish towards MasTec Inc at a given time. Please also check how MasTec's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in MasTec without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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MasTec Corporate Directors
MasTec corporate directors refer to members of a MasTec board of directors. The board of directors generally takes responsibility for the MasTec's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of MasTec's board members must vote for the resolution. The MasTec board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jose Sorzano | Independent Director | Profile | |
| Ernst Csiszar | Independent Director | Profile | |
| Robert Dwyer | Lead Independent Director | Profile | |
| Julia Johnson | Independent Director | Profile |
How to buy MasTec Stock?
Before investing in MasTec, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in MasTec. To buy MasTec stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of MasTec. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase MasTec stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located MasTec Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased MasTec Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as MasTec Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy MasTec Stock please use our How to Invest in MasTec guide.
Already Invested in MasTec Inc?
The danger of trading MasTec Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MasTec is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MasTec. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MasTec Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether MasTec Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MasTec's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mastec Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mastec Inc Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasTec Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running MasTec's price analysis, check to measure MasTec's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MasTec is operating at the current time. Most of MasTec's value examination focuses on studying past and present price action to predict the probability of MasTec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MasTec's price. Additionally, you may evaluate how the addition of MasTec to your portfolios can decrease your overall portfolio volatility.
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Is MasTec's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MasTec. If investors know MasTec will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MasTec listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.88) | Earnings Share (0.64) | Revenue Per Share 154.716 | Quarterly Revenue Growth 0.09 | Return On Assets 0.0102 |
The market value of MasTec Inc is measured differently than its book value, which is the value of MasTec that is recorded on the company's balance sheet. Investors also form their own opinion of MasTec's value that differs from its market value or its book value, called intrinsic value, which is MasTec's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MasTec's market value can be influenced by many factors that don't directly affect MasTec's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MasTec's value and its price as these two are different measures arrived at by different means. Investors typically determine if MasTec is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MasTec's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.