The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Luxfer Holdings (LXFR - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Luxfer Holdings is a member of our Industrial Products group, which includes 208 different companies and currently sits at #6 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. LXFR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for LXFR's full-year earnings has moved 10.08% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, LXFR has gained about 44.81% so far this year. In comparison, Industrial Products companies have returned an average of -4.02%. This shows that Luxfer Holdings is outperforming its peers so far this year.
Looking more specifically, LXFR belongs to the Manufacturing - General Industrial industry, a group that includes 39 individual stocks and currently sits at #46 in the Zacks Industry Rank. This group has gained an average of 0.66% so far this year, so LXFR is performing better in this area.
Investors with an interest in Industrial Products stocks should continue to track LXFR. The stock will be looking to continue its solid performance.