Is M-tron Industries, Inc. (MPTI) Stock Outpacing Its Construction Peers This Year?

Zacks
2024-12-06

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. M-tron Industries, Inc. (MPTI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.

M-tron Industries, Inc. is a member of our Construction group, which includes 88 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. M-tron Industries, Inc. is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for MPTI's full-year earnings has moved 9.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that MPTI has returned about 96% since the start of the calendar year. At the same time, Construction stocks have gained an average of 27.3%. This means that M-tron Industries, Inc. is performing better than its sector in terms of year-to-date returns.

One other Construction stock that has outperformed the sector so far this year is MasTec (MTZ). The stock is up 86.6% year-to-date.

Over the past three months, MasTec's consensus EPS estimate for the current year has increased 26.7%. The stock currently has a Zacks Rank #1 (Strong Buy).

Breaking things down more, M-tron Industries, Inc. is a member of the Engineering - R and D Services industry, which includes 18 individual companies and currently sits at #164 in the Zacks Industry Rank. Stocks in this group have gained about 16.2% so far this year, so MPTI is performing better this group in terms of year-to-date returns.

In contrast, MasTec falls under the Building Products - Heavy Construction industry. Currently, this industry has 10 stocks and is ranked #36. Since the beginning of the year, the industry has moved +107.4%.

M-tron Industries, Inc. and MasTec could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.

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

M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report

MasTec, Inc. (MTZ) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10