The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is PulteGroup (NYSE:PHM) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
PulteGroup is a member of our Construction group, which includes 101 different companies and currently sits at #6 in 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. PHM is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for PHM's full-year earnings has moved 3.43% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, PHM has moved about 51.94% on a year-to-date basis. Meanwhile, the Construction sector has returned an average of 41.16% on a year-to-date basis. This means that PulteGroup is outperforming the sector as a whole this year.
Breaking things down more, PHM is a member of the Building Products - Home Builders industry, which includes 19 individual companies and currently sits at #18 in the Zacks Industry Rank. Stocks in this group have gained about 52.45% so far this year, so PHM is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Construction stocks should continue to track PHM. The stock will be looking to continue its solid performance.
PulteGroup, Inc. (PHM): Free Stock Analysis Report
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Zacks Investment Research