For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Armstrong World Industries (AWI) one of those stocks right now? 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.
Armstrong World Industries is a member of the Construction sector. This group includes 87 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Armstrong World Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AWI's full-year earnings has moved 3.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, AWI has returned 34.4% so far this year. In comparison, Construction companies have returned an average of 3.9%. This means that Armstrong World Industries is outperforming the sector as a whole this year.
Another stock in the Construction sector, Heidelberg Materials AG Unsponsored ADR (HDLMY), has outperformed the sector so far this year. The stock's year-to-date return is 87.3%.
The consensus estimate for Heidelberg Materials AG Unsponsored ADR's current year EPS has increased 3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Armstrong World Industries is a member of the Building Products - Miscellaneous industry, which includes 29 individual companies and currently sits at #75 in the Zacks Industry Rank. This group has lost an average of 0.2% so far this year, so AWI is performing better in this area. Heidelberg Materials AG Unsponsored ADR is also part of the same industry.
Going forward, investors interested in Construction stocks should continue to pay close attention to Armstrong World Industries and Heidelberg Materials AG Unsponsored ADR as they could maintain their solid performance.
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Armstrong World Industries, Inc. (AWI): Free Stock Analysis Report Heidelberg Materials AG Unsponsored ADR (HDLMY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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