The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Actuant (ATU - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ATU and the rest of the Industrial Products group's stocks.
Actuant is a member of the Industrial Products sector. This group includes 208 individual stocks and currently holds a Zacks Sector Rank of #10. 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 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. ATU is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ATU's full-year earnings has moved 3.47% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, ATU has gained about 11.66% so far this year. Meanwhile, stocks in the Industrial Products group have lost about 6.33% on average. This means that Actuant is performing better than its sector in terms of year-to-date returns.
Looking more specifically, ATU belongs to the Manufacturing - Tools & Related Products industry, which includes 5 individual stocks and currently sits at #39 in the Zacks Industry Rank. Stocks in this group have lost about 12.11% so far this year, so ATU is performing better this group in terms of year-to-date returns.
Investors with an interest in Industrial Products stocks should continue to track ATU. The stock will be looking to continue its solid performance.