MasTec Inc (NYSE:MTZ) Emerges as a Top High-Growth Momentum Stock

Infrastructure services provider MasTec Inc (NYSE:MTZ) has become a notable candidate for investors using the dual-part method of Mark Minervini’s trend-following plan joined with high-growth momentum screening. This process highlights finding stocks showing both solid technical momentum, through measures like rising moving averages and relative strength, and sound fundamental growth, like speeding up earnings and revenue increases. The plan looks for companies in definite uptrends with basic business speed that indicates a chance for continued strong performance.

Technical Strength and Trend Template Alignment

MasTec’s present price action and moving average setup firmly meet Minervini’s Trend Template, which is made to identify equities in set uptrends with maintained momentum. The stock is trading above all main moving averages, including the 50-day ($178.57), 150-day ($151.56), and 200-day ($149.38), with each average moving upward. This setup signals sound bullish momentum across several timeframes. Also, the 50-day moving average is located above both the 150-day and 200-day averages, supporting the stock’s technical condition.

The stock’s location compared to its 52-week range further confirms its trend quality. Trading at $189.18, MTZ is about 90% above its 52-week low of $99.70 and within 3% of its 52-week high of $194.00. This nearness to new highs, joined with a major rally from lows, is typical of leading stocks under Minervini’s structure, as such securities frequently show continued condition and market leadership.

Relative strength, a key part of Minervini’s plan, is another area where MasTec does very well. With a ChartMill Relative Strength (CRS) score of 89.26, the stock beats nearly 90% of the wider market. High relative strength is vital because it shows that the stock is not just rising but is doing so at a speed that beats most others, often a sign of more gains.

Fundamental Momentum and Growth Metrics

Beyond technicals, MasTec shows the fundamental speed that high-growth momentum investors look for. The company has reported outstanding earnings growth, with EPS (TTM) jumping 107.8% over the past year. Quarterly performance is even more notable, with recent EPS growth rates of 55.2%, 492.3%, and 118.2% over the past three quarters, in that order. This design of widening profitability shows operational betterments and solid demand execution, main features for growth-focused picks.

Revenue growth, while more moderate, stays positive and steady. Sales went up 19.7% last quarter and are expected to grow over 21% next quarter, signaling maintained top-line momentum. The company has also surpassed EPS estimates in each of the last four quarters by an average of over 25%, highlighting its capacity to beat expectations, a usual feature among prosperous growth stocks.

Profit margins have shown clear betterment, increasing from 0.35% two quarters ago to 2.42% in the latest quarter. This widening hints at better operational efficiency and pricing ability, further supporting the earnings growth story. Free cash flow per share jumped 945% over the past year, giving the company monetary room to put money into future growth or give capital back to shareholders.

Stage Analysis and Entry Considerations

From a stage analysis view, MasTec is solidly in Stage 2, a confirmed uptrend, marked by rising moving averages, solid momentum, and steady higher highs and higher lows. While the stock’s technical rating is a full 10, its setup rating is now a 3, signaling that recent price action has been changeable and might not yet give a good low-risk entry point. Investors might want to watch the stock for a period of consolidation, which would give a clearer support level and a more favorable risk/reward setup for new positions.

The stock shows solid support near the $172,$182 range, made by a combination of moving averages and flat levels. A move back toward this area might give a good chance for entry, in line with Minervini’s focus on buying inside base structures or during managed moves back in solid trends.

Summary of Technical Report

MasTec’s technical report shows outstanding condition, with a rating of 10/10. The long-term trend is positive, and the stock shows steady outperformance compared to the market and its industry peers. It is now trading near its 52-week high, with solid momentum signs across several timeframes. However, the setup quality is average because of recent changeability, suggesting waiting might be needed for a best entry. For a detailed breakdown, readers can see the full technical analysis report.

Conclusion

MasTec shows a notable case of a stock that fits with both trend-following and high-growth investment plans. Its solid technical profile, joined with speeding up fundamentals, places it as a possible leader in the infrastructure and construction field. While the present setup might need waiting for a perfect entry, the basic momentum in both price and business performance makes it a significant candidate for more study.

For investors looking for similar chances, more results from the High Growth Momentum + Trend Template screen can be seen via this link.

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Investors should conduct their own research and consider their risk tolerance before making any investment decisions.