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Is M.D.C. (MDC) Outperforming Other Construction Stocks This Year?
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Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is M.D.C. Holdings, Inc. one of those stocks right now? 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.
M.D.C. Holdings, Inc. is a member of our Construction group, which includes 98 different companies and currently sits at #1 in 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. M.D.C. Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MDC's full-year earnings has moved 2.1% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, MDC has moved about 13.6% on a year-to-date basis. At the same time, Construction stocks have gained an average of 1.2%. As we can see, M.D.C. Holdings, Inc. is performing better than its sector in the calendar year.
One other Construction stock that has outperformed the sector so far this year is Martin Marietta (MLM - Free Report) . The stock is up 4.2% year-to-date.
For Martin Marietta, the consensus EPS estimate for the current year has increased 1.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, M.D.C. Holdings, Inc. belongs to the Building Products - Home Builders industry, which includes 17 individual stocks and currently sits at #37 in the Zacks Industry Rank. On average, this group has gained an average of 1.2% so far this year, meaning that MDC is performing better in terms of year-to-date returns.
In contrast, Martin Marietta falls under the Building Products - Concrete and Aggregates industry. Currently, this industry has 9 stocks and is ranked #46. Since the beginning of the year, the industry has moved +5.4%.
M.D.C. Holdings, Inc. and Martin Marietta could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
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Is M.D.C. (MDC) Outperforming Other Construction Stocks This Year?
Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is M.D.C. Holdings, Inc. one of those stocks right now? 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.
M.D.C. Holdings, Inc. is a member of our Construction group, which includes 98 different companies and currently sits at #1 in 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. M.D.C. Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MDC's full-year earnings has moved 2.1% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, MDC has moved about 13.6% on a year-to-date basis. At the same time, Construction stocks have gained an average of 1.2%. As we can see, M.D.C. Holdings, Inc. is performing better than its sector in the calendar year.
One other Construction stock that has outperformed the sector so far this year is Martin Marietta (MLM - Free Report) . The stock is up 4.2% year-to-date.
For Martin Marietta, the consensus EPS estimate for the current year has increased 1.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, M.D.C. Holdings, Inc. belongs to the Building Products - Home Builders industry, which includes 17 individual stocks and currently sits at #37 in the Zacks Industry Rank. On average, this group has gained an average of 1.2% so far this year, meaning that MDC is performing better in terms of year-to-date returns.
In contrast, Martin Marietta falls under the Building Products - Concrete and Aggregates industry. Currently, this industry has 9 stocks and is ranked #46. Since the beginning of the year, the industry has moved +5.4%.
M.D.C. Holdings, Inc. and Martin Marietta could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.