The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is AZZ (AZZ) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
AZZ is one of 189 individual stocks in the Industrial Products sector. Collectively, these companies sit at #2 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. AZZ is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AZZ's full-year earnings has moved 5.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, AZZ has returned 42.4% so far this year. In comparison, Industrial Products companies have returned an average of 8.5%. As we can see, AZZ is performing better than its sector in the calendar year.
Another stock in the Industrial Products sector, Luxfer (LXFR), has outperformed the sector so far this year. The stock's year-to-date return is 12.8%.
For Luxfer, the consensus EPS estimate for the current year has increased 3.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, AZZ belongs to the Manufacturing - Electronics industry, a group that includes 15 individual stocks and currently sits at #102 in the Zacks Industry Rank. On average, stocks in this group have gained 10.4% this year, meaning that AZZ is performing better in terms of year-to-date returns.
On the other hand, Luxfer belongs to the Manufacturing - General Industrial industry. This 41-stock industry is currently ranked #55. The industry has moved +7.8% year to date.
Investors with an interest in Industrial Products stocks should continue to track AZZ and Luxfer. These stocks will be looking to continue their solid performance.
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AZZ Inc. (AZZ): Free Stock Analysis Report Luxfer Holdings PLC (LXFR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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