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Has Norbord (OSB) Outpaced Other Construction Stocks This Year?

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Investors focused on the Construction space have likely heard of Norbord , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.

Norbord is one of 99 companies in the Construction group. The Construction group currently sits at #5 within the Zacks Sector Rank. 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. OSB is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for OSB's full-year earnings has moved 20% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, OSB has moved about 23.31% on a year-to-date basis. At the same time, Construction stocks have lost an average of 9.48%. This means that Norbord is outperforming the sector as a whole this year.

Breaking things down more, OSB is a member of the Building Products - Wood industry, which includes 11 individual companies and currently sits at #33 in the Zacks Industry Rank. Stocks in this group have gained about 3.35% so far this year, so OSB is performing better this group in terms of year-to-date returns.

Investors with an interest in Construction stocks should continue to track OSB. The stock will be looking to continue its solid performance.