The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is AAON (AAON - 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.
AAON is a member of our Construction group, which includes 99 different companies and currently sits at #2 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AAON is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AAON's full-year earnings has moved 10.13% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that AAON has returned about 5.59% since the start of the calendar year. Meanwhile, stocks in the Construction group have lost about 7.65% on average. As we can see, AAON is performing better than its sector in the calendar year.
Looking more specifically, AAON belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 5 individual stocks and currently sits at #19 in the Zacks Industry Rank. On average, this group has gained an average of 6.84% so far this year, meaning that AAON is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Construction sector will want to keep a close eye on AAON as it attempts to continue its solid performance.