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Is AAON (AAON) Stock Outpacing Its Construction Peers This Year?

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Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Aaon (AAON - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.

Aaon is a member of the Construction sector. This group includes 101 individual stocks and currently holds a Zacks Sector Rank of #13. 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 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. Aaon is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for AAON's full-year earnings has moved 6.3% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that AAON has returned about 0.2% since the start of the calendar year. Meanwhile, the Construction sector has returned an average of -19.3% on a year-to-date basis. As we can see, Aaon is performing better than its sector in the calendar year.

One other Construction stock that has outperformed the sector so far this year is ChampionX (CHX - Free Report) . The stock is up 38% year-to-date.

In ChampionX's case, the consensus EPS estimate for the current year increased 1.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Aaon belongs to the Building Products - Air Conditioner and Heating industry, which includes 6 individual stocks and currently sits at #35 in the Zacks Industry Rank. On average, this group has lost an average of 15.5% so far this year, meaning that AAON is performing better in terms of year-to-date returns.

On the other hand, ChampionX belongs to the Engineering - R and D Services industry. This 20-stock industry is currently ranked #59. The industry has moved +10.1% year to date.

Aaon and ChampionX could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.


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