Investors focused on the Construction space have likely heard of North American Construction Group (NOA Quick QuoteNOA - Free Report) , 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.

North American Construction Group is one of 96 companies in the Construction group. The Construction group currently sits at #16 within 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 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. NOA is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for NOA's full-year earnings has moved 1.75% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, NOA has moved about 39.44% on a year-to-date basis. Meanwhile, the Construction sector has returned an average of 17.97% on a year-to-date basis. This shows that North American Construction Group is outperforming its peers so far this year.

To break things down more, NOA belongs to the Building Products - Heavy Construction industry, a group that includes 11 individual companies and currently sits at #207 in the Zacks Industry Rank. On average, this group has gained an average of 14.84% so far this year, meaning that NOA is performing better in terms of year-to-date returns.

Going forward, investors interested in Construction stocks should continue to pay close attention to NOA as it looks to continue its solid performance.