Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is Armstrong World Industries (AWI) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Armstrong World Industries is a member of the Construction sector. This group includes 92 individual stocks and currently holds a Zacks Sector Rank of #14. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Armstrong World Industries is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AWI's full-year earnings has moved 2.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, AWI has returned 34.3% so far this year. Meanwhile, the Construction sector has returned an average of 4.2% on a year-to-date basis. As we can see, Armstrong World Industries is performing better than its sector in the calendar year.
Another stock in the Construction sector, M-tron Industries, Inc. (MPTI), has outperformed the sector so far this year. The stock's year-to-date return is 6.7%.
The consensus estimate for M-tron Industries, Inc.'s current year EPS has increased 3.1% 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 33 individual companies and currently sits at #96 in the Zacks Industry Rank. Stocks in this group have lost about 2.1% so far this year, so AWI is performing better this group in terms of year-to-date returns.
M-tron Industries, Inc., however, belongs to the Engineering - R and D Services industry. Currently, this 15-stock industry is ranked #164. The industry has moved +14.3% so far this year.
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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