Are Construction Stocks Lagging MasTec (MTZ) This Year?

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Has MasTec (MTZ) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.MasTec is one of 94 companies in the Construction group. The Construction group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. MasTec is currently sporting a Zacks Rank of #1 (Strong Buy).The Zacks Consensus Estimate for MTZ's full-year earnings has moved 3.5% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Based on the most recent data, MTZ has returned 91.4% so far this year. Meanwhile, stocks in the Construction group have gained about 18.5% on average. This means that MasTec is outperforming the sector as a whole this year.Another Construction stock, which has outperformed the sector so far this year, is United Rentals (URI). The stock has returned 40% year-to-date.In United Rentals' case, the consensus EPS estimate for the current year increased 0.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, MasTec belongs to the Building Products - Heavy Construction industry, a group that includes 9 individual companies and currently sits at #24 in the Zacks Industry Rank. On average, this group has gained an average of 45.3% so far this year, meaning that MTZ is performing better in terms of year-to-date returns. United Rentals, however, belongs to the Building Products - Miscellaneous industry. Currently, this 35-stock industry is ranked #185. The industry has moved +7.3% so far this year.Investors with an interest in Construction stocks should continue to track MasTec and United Rentals. These stocks will be looking to continue their solid performance.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks