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Are Construction Stocks Lagging M.D.C. (MDC) This Year?
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The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is M.D.C. Holdings, Inc. one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
M.D.C. Holdings, Inc. is one of 98 companies in the Construction group. The Construction group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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).
Within the past quarter, the Zacks Consensus Estimate for MDC's full-year earnings has moved 1.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, MDC has gained about 13.3% so far this year. Meanwhile, the Construction sector has returned an average of 9.5% on a year-to-date basis. This means that M.D.C. Holdings, Inc. is outperforming the sector as a whole this year.
Another Construction stock, which has outperformed the sector so far this year, is The AZEK Company (AZEK - Free Report) . The stock has returned 24.3% year-to-date.
The consensus estimate for The AZEK Company's current year EPS has increased 19.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, M.D.C. Holdings, Inc. belongs to the Building Products - Home Builders industry, a group that includes 17 individual companies and currently sits at #20 in the Zacks Industry Rank. On average, this group has gained an average of 4.2% so far this year, meaning that MDC is performing better in terms of year-to-date returns.
On the other hand, The AZEK Company belongs to the Building Products - Air Conditioner and Heating industry. This 6-stock industry is currently ranked #8. The industry has moved +6.8% year to date.
Investors interested in the Construction sector may want to keep a close eye on M.D.C. Holdings, Inc. and The AZEK Company as they attempt to continue their solid performance.
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Are Construction Stocks Lagging M.D.C. (MDC) This Year?
The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is M.D.C. Holdings, Inc. one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
M.D.C. Holdings, Inc. is one of 98 companies in the Construction group. The Construction group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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).
Within the past quarter, the Zacks Consensus Estimate for MDC's full-year earnings has moved 1.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, MDC has gained about 13.3% so far this year. Meanwhile, the Construction sector has returned an average of 9.5% on a year-to-date basis. This means that M.D.C. Holdings, Inc. is outperforming the sector as a whole this year.
Another Construction stock, which has outperformed the sector so far this year, is The AZEK Company (AZEK - Free Report) . The stock has returned 24.3% year-to-date.
The consensus estimate for The AZEK Company's current year EPS has increased 19.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, M.D.C. Holdings, Inc. belongs to the Building Products - Home Builders industry, a group that includes 17 individual companies and currently sits at #20 in the Zacks Industry Rank. On average, this group has gained an average of 4.2% so far this year, meaning that MDC is performing better in terms of year-to-date returns.
On the other hand, The AZEK Company belongs to the Building Products - Air Conditioner and Heating industry. This 6-stock industry is currently ranked #8. The industry has moved +6.8% year to date.
Investors interested in the Construction sector may want to keep a close eye on M.D.C. Holdings, Inc. and The AZEK Company as they attempt to continue their solid performance.