You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is AAON (AAON) Outperforming Other Construction Stocks This Year?
Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Has Aaon (AAON - Free Report) been one of those stocks this year? 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.
Aaon is a member of the Construction sector. This group includes 101 individual stocks and currently holds a Zacks Sector Rank of #15. 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 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. Aaon is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AAON's full-year earnings has moved 6.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AAON has gained about 1.1% so far this year. At the same time, Construction stocks have lost an average of 21%. This means that Aaon is performing better than its sector in terms of year-to-date returns.
Another stock in the Construction sector, LSI (LYTS - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 52.2%.
The consensus estimate for LSI's current year EPS has increased 38.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Aaon belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 6 individual companies and currently sits at #40 in the Zacks Industry Rank. Stocks in this group have lost about 13.8% so far this year, so AAON is performing better this group in terms of year-to-date returns.
On the other hand, LSI belongs to the Building Products - Lighting industry. This 4-stock industry is currently ranked #29. The industry has moved -29.3% year to date.
Investors with an interest in Construction stocks should continue to track Aaon and LSI. These stocks will be looking to continue their solid performance.