Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Has Armstrong World Industries (AWI) been one of those stocks this year? 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 92 individual stocks and currently holds a Zacks Sector Rank of #15. 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 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. Armstrong World Industries is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AWI's full-year earnings has moved 2.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, AWI has returned 33.4% so far this year. In comparison, Construction companies have returned an average of 4%. This means that Armstrong World Industries is performing better than its sector in terms of year-to-date returns.
M-tron Industries, Inc. (MPTI) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 10.4%.
In M-tron Industries, Inc.'s case, the consensus EPS estimate for the current year increased 5.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Armstrong World Industries belongs to the Building Products - Miscellaneous industry, which includes 33 individual stocks and currently sits at #175 in the Zacks Industry Rank. This group has lost an average of 3.2% so far this year, so AWI is performing better in this area.
On the other hand, M-tron Industries, Inc. belongs to the Engineering - R and D Services industry. This 15-stock industry is currently ranked #183. The industry has moved +15% year to date.
Armstrong World Industries and M-tron Industries, Inc. could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
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Armstrong World Industries, Inc. (AWI): Free Stock Analysis Report M-tron Industries, Inc. (MPTI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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