For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. PGT (PGTI - 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 PGTI and the rest of the Construction group's stocks.
PGT is one of 92 companies in the Construction group. The Construction group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. PGTI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for PGTI's full-year earnings has moved 18.21% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, PGTI has moved about 23.03% on a year-to-date basis. At the same time, Construction stocks have lost an average of 14.14%. This means that PGT is outperforming the sector as a whole this year.
Breaking things down more, PGTI is a member of the Building Products - Miscellaneous industry, which includes 23 individual companies and currently sits at #96 in the Zacks Industry Rank. On average, this group has lost an average of 12.96% so far this year, meaning that PGTI is performing better in terms of year-to-date returns.
Investors in the Construction sector will want to keep a close eye on PGTI as it attempts to continue its solid performance.