Investors focused on the Construction space have likely heard of PGT (PGTI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of PGTI and the rest of the Construction group's stocks.
PGT is one of 99 companies in the Construction group. The Construction group currently sits at #8 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 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. PGTI is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for PGTI's full-year earnings has moved 9.16% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, PGTI has returned 29.97% so far this year. In comparison, Construction companies have returned an average of -6.08%. This means that PGT is outperforming the sector as a whole this year.
Breaking things down more, PGTI is a member of the Building Products - Miscellaneous industry, which includes 26 individual companies and currently sits at #31 in the Zacks Industry Rank. Stocks in this group have gained about 0.18% so far this year, so PGTI is performing better this group in terms of year-to-date returns.
PGTI will likely be looking to continue its solid performance, so investors interested Construction stocks should continue to pay close attention to the company.