Investors focused on the Industrial Products space have likely heard of Luxfer Holdings (LXFR - 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.
Luxfer Holdings is one of 213 individual stocks in the Industrial Products sector. Collectively, these companies sit at #11 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 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. LXFR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for LXFR's full-year earnings has moved 17.61% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, LXFR has moved about 45.51% on a year-to-date basis. Meanwhile, stocks in the Industrial Products group have lost about 11.45% on average. As we can see, Luxfer Holdings is performing better than its sector in the calendar year.
Looking more specifically, LXFR belongs to the Manufacturing - General Industrial industry, which includes 37 individual stocks and currently sits at #82 in the Zacks Industry Rank. On average, stocks in this group have lost 3.59% this year, meaning that LXFR is performing better in terms of year-to-date returns.
Investors in the Industrial Products sector will want to keep a close eye on LXFR as it attempts to continue its solid performance.