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? Let's take a closer look at the stock's year-to-date performance to find out.
PGT is one of 99 individual stocks in the Construction sector. Collectively, these companies sit at #9 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. PGTI is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PGTI's full-year earnings has moved 9.16% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that PGTI has returned about 24.93% since the start of the calendar year. In comparison, Construction companies have returned an average of -6.07%. As we can see, PGT is performing better than its sector in the calendar year.
Breaking things down more, PGTI is a member of the Building Products - Miscellaneous industry, which includes 26 individual companies and currently sits at #56 in the Zacks Industry Rank. On average, this group has lost an average of 5.70% so far this year, meaning that PGTI is performing better 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.