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Is Allegion (ALLE) Stock Outpacing Its Industrial Products Peers This Year?
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The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Allegion (ALLE - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Allegion is a member of our Industrial Products group, which includes 189 different companies and currently sits at #1 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 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. Allegion is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ALLE's full-year earnings has moved 5.2% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ALLE has moved about 37.2% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 8.1% on a year-to-date basis. As we can see, Allegion is performing better than its sector in the calendar year.
One other Industrial Products stock that has outperformed the sector so far this year is Mueller Water Products (MWA - Free Report) . The stock is up 12.4% year-to-date.
Over the past three months, Mueller Water Products' consensus EPS estimate for the current year has increased 3%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Allegion belongs to the Security and Safety Services industry, a group that includes 16 individual companies and currently sits at #17 in the Zacks Industry Rank. On average, this group has gained an average of 29% so far this year, meaning that ALLE is performing better in terms of year-to-date returns.
On the other hand, Mueller Water Products belongs to the Steel - Pipe and Tube industry. This 4-stock industry is currently ranked #49. The industry has moved +0.4% year to date.
Allegion and Mueller Water Products could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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Is Allegion (ALLE) Stock Outpacing Its Industrial Products Peers This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Allegion (ALLE - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Allegion is a member of our Industrial Products group, which includes 189 different companies and currently sits at #1 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 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. Allegion is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ALLE's full-year earnings has moved 5.2% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ALLE has moved about 37.2% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 8.1% on a year-to-date basis. As we can see, Allegion is performing better than its sector in the calendar year.
One other Industrial Products stock that has outperformed the sector so far this year is Mueller Water Products (MWA - Free Report) . The stock is up 12.4% year-to-date.
Over the past three months, Mueller Water Products' consensus EPS estimate for the current year has increased 3%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Allegion belongs to the Security and Safety Services industry, a group that includes 16 individual companies and currently sits at #17 in the Zacks Industry Rank. On average, this group has gained an average of 29% so far this year, meaning that ALLE is performing better in terms of year-to-date returns.
On the other hand, Mueller Water Products belongs to the Steel - Pipe and Tube industry. This 4-stock industry is currently ranked #49. The industry has moved +0.4% year to date.
Allegion and Mueller Water Products could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.