Investors focused on the Construction space have likely heard of North American Construction Group (NOA Quick QuoteNOA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of NOA and the rest of the Construction group's stocks.

North American Construction Group is one of 97 individual stocks in the Construction 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 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. NOA is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for NOA's full-year earnings has moved 6.90% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that NOA has returned about 21.91% since the start of the calendar year. At the same time, Construction stocks have gained an average of 17.68%. This means that North American Construction Group is outperforming the sector as a whole this year.

To break things down more, NOA belongs to the Building Products - Heavy Construction industry, a group that includes 11 individual companies and currently sits at #28 in the Zacks Industry Rank. Stocks in this group have gained about 14.02% so far this year, so NOA is performing better this group in terms of year-to-date returns.

NOA will likely be looking to continue its solid performance, so investors interested in Construction stocks should continue to pay close attention to the company.