Investors focused on the Industrial Products space have likely heard of Barnes Group (B - 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.
Barnes Group is one of 208 individual stocks in the Industrial Products sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. B is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for B's full-year earnings has moved 5.24% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, B has gained about 7.70% so far this year. Meanwhile, stocks in the Industrial Products group have lost about 4.87% on average. This means that Barnes Group is performing better than its sector in terms of year-to-date returns.
Looking more specifically, B belongs to the Manufacturing - General Industrial industry, a group that includes 39 individual stocks and currently sits at #61 in the Zacks Industry Rank. This group has gained an average of 0.37% so far this year, so B is performing better in this area.
Investors with an interest in Industrial Products stocks should continue to track B. The stock will be looking to continue its solid performance.