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Has Louisiana-Pacific (LPX) Outpaced Other Construction Stocks This Year?

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Investors focused on the Construction space have likely heard of Louisiana-Pacific (LPX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.

Louisiana-Pacific is one of 99 companies in the Construction group. The Construction group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. LPX is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for LPX's full-year earnings has moved 10.99% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, LPX has gained about 13.48% so far this year. In comparison, Construction companies have returned an average of -6.60%. This means that Louisiana-Pacific is performing better than its sector in terms of year-to-date returns.

Looking more specifically, LPX belongs to the Building Products - Wood industry, a group that includes 11 individual stocks and currently sits at #17 in the Zacks Industry Rank. On average, this group has gained an average of 6.22% so far this year, meaning that LPX is performing better in terms of year-to-date returns.

Going forward, investors interested in Construction stocks should continue to pay close attention to LPX as it looks to continue its solid performance.


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