We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Astec Industries (ASTE) Stock Outpacing Its Industrial Products Peers This Year?
Read MoreHide Full Article
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Astec Industries (ASTE - 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? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Astec Industries is one of 223 companies in the Industrial Products group. The Industrial Products group currently sits at #4 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. Astec Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ASTE's full-year earnings has moved 18.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ASTE has moved about 15.9% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 5.8% on a year-to-date basis. This means that Astec Industries is performing better than its sector in terms of year-to-date returns.
Another Industrial Products stock, which has outperformed the sector so far this year, is Belden (BDC - Free Report) . The stock has returned 34.3% year-to-date.
For Belden, the consensus EPS estimate for the current year has increased 2.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Astec Industries belongs to the Manufacturing - Construction and Mining industry, a group that includes 7 individual companies and currently sits at #5 in the Zacks Industry Rank. Stocks in this group have gained about 15.4% so far this year, so ASTE is performing better this group in terms of year-to-date returns.
On the other hand, Belden belongs to the Wire and Cable Products industry. This 3-stock industry is currently ranked #22. The industry has moved +23.4% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Astec Industries and Belden as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Astec Industries (ASTE) Stock Outpacing Its Industrial Products Peers This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Astec Industries (ASTE - 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? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Astec Industries is one of 223 companies in the Industrial Products group. The Industrial Products group currently sits at #4 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. Astec Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ASTE's full-year earnings has moved 18.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ASTE has moved about 15.9% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 5.8% on a year-to-date basis. This means that Astec Industries is performing better than its sector in terms of year-to-date returns.
Another Industrial Products stock, which has outperformed the sector so far this year, is Belden (BDC - Free Report) . The stock has returned 34.3% year-to-date.
For Belden, the consensus EPS estimate for the current year has increased 2.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Astec Industries belongs to the Manufacturing - Construction and Mining industry, a group that includes 7 individual companies and currently sits at #5 in the Zacks Industry Rank. Stocks in this group have gained about 15.4% so far this year, so ASTE is performing better this group in terms of year-to-date returns.
On the other hand, Belden belongs to the Wire and Cable Products industry. This 3-stock industry is currently ranked #22. The industry has moved +23.4% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Astec Industries and Belden as they could maintain their solid performance.