MasTec, Inc. (MTZ) Hits Fresh High: Is There Still Room to Run?

Shares of MasTec (MTZ) have been strong performers lately, with the stock up 23.9% over the past month. The stock hit a new 52-week high of $300 in the previous session. MasTec has gained 37.1% since the start of the year compared to the 15.1% gain for the Zacks Construction sector and the 23.8% return for the Zacks Building Products - Heavy Construction industry.

What's Driving the Outperformance?

The stock has a great record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on February 26, 2026, MasTec reported EPS of $2.07 versus consensus estimate of $1.94.

Valuation Metrics

MasTec may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.

On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.

MasTec has a Value Score of D. The stock's Growth and Momentum Scores are A and C, respectively, giving the company a VGM Score of B.

In terms of its value breakdown, the stock currently trades at 35.7X current fiscal year EPS estimates, which is a premium to the peer industry average of 25.3X. On a trailing cash flow basis, the stock currently trades at 25.6X versus its peer group's average of 21.1X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.

Zacks Rank

We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, MasTec currently has a Zacks Rank of #2 (Buy) thanks to a solid earnings estimate revision trend.

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 meets the list of requirements. 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 Orion Group Holdings, Inc. (ORN). ORN has a Zacks Rank of #2 (Buy) and a Value Score of B, a Growth Score of A, and a Momentum Score of B.

Earnings were strong last quarter. Orion Group Holdings, Inc. beat our consensus estimate by 50.00%, and for the current fiscal year, ORN is expected to post earnings of $0.36 per share on revenue of $845.72 million.

Shares of Orion Group Holdings, Inc. have gained 12.4% over the past month, and currently trade at a forward P/E of 38.14X and a P/CF of 13.38X.

The Building Products - Heavy Construction industry may rank in the bottom 62% of all the industries we have in our universe, but there still looks like there are some nice tailwinds for MTZ and ORN, even beyond their own solid fundamental situation.

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This article originally published on Zacks Investment Research (zacks.com).

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