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 SPX Technologies, Inc. (SPXC) Stock Outpacing Its Construction Peers This Year?
Read MoreHide Full Article
For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Is SPX Technologies (SPXC - Free Report) 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.
SPX Technologies is one of 92 individual stocks in the Construction sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. SPX Technologies is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SPXC's full-year earnings has moved 3.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SPXC has gained about 49.6% so far this year. In comparison, Construction companies have returned an average of 4.5%. This means that SPX Technologies is performing better than its sector in terms of year-to-date returns.
Another Construction stock, which has outperformed the sector so far this year, is Sterling Infrastructure (STRL - Free Report) . The stock has returned 96.9% year-to-date.
Over the past three months, Sterling Infrastructure's consensus EPS estimate for the current year has increased 9.2%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, SPX Technologies belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 7 individual companies and currently sits at #70 in the Zacks Industry Rank. On average, stocks in this group have lost 0.9% this year, meaning that SPXC is performing better in terms of year-to-date returns.
On the other hand, Sterling Infrastructure belongs to the Engineering - R and D Services industry. This 15-stock industry is currently ranked #92. The industry has moved -0.2% year to date.
SPX Technologies and Sterling Infrastructure could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is SPX Technologies, Inc. (SPXC) Stock Outpacing Its Construction Peers This Year?
For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Is SPX Technologies (SPXC - Free Report) 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.
SPX Technologies is one of 92 individual stocks in the Construction sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. SPX Technologies is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SPXC's full-year earnings has moved 3.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SPXC has gained about 49.6% so far this year. In comparison, Construction companies have returned an average of 4.5%. This means that SPX Technologies is performing better than its sector in terms of year-to-date returns.
Another Construction stock, which has outperformed the sector so far this year, is Sterling Infrastructure (STRL - Free Report) . The stock has returned 96.9% year-to-date.
Over the past three months, Sterling Infrastructure's consensus EPS estimate for the current year has increased 9.2%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, SPX Technologies belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 7 individual companies and currently sits at #70 in the Zacks Industry Rank. On average, stocks in this group have lost 0.9% this year, meaning that SPXC is performing better in terms of year-to-date returns.
On the other hand, Sterling Infrastructure belongs to the Engineering - R and D Services industry. This 15-stock industry is currently ranked #92. The industry has moved -0.2% year to date.
SPX Technologies and Sterling Infrastructure could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.