Are Construction Stocks Lagging LouisianaPacific (LPX) This Year?

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Louisiana-Pacific (LPX) 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.Louisiana-Pacific is a member of the Construction sector. This group includes 88 individual stocks and currently holds a Zacks Sector Rank of #7. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Louisiana-Pacific is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past three months, the Zacks Consensus Estimate for LPX's full-year earnings has moved 9.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the latest available data, LPX has gained about 64.7% so far this year. At the same time, Construction stocks have gained an average of 23.6%. This means that Louisiana-Pacific is performing better than its sector in terms of year-to-date returns.Another stock in the Construction sector, Primoris Services (PRIM), has outperformed the sector so far this year. The stock's year-to-date return is 133.5%.For Primoris Services, the consensus EPS estimate for the current year has increased 3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Looking more specifically, Louisiana-Pacific belongs to the Building Products - Wood industry, a group that includes 8 individual stocks and currently sits at #78 in the Zacks Industry Rank. On average, stocks in this group have gained 15.2% this year, meaning that LPX is performing better in terms of year-to-date returns.Primoris Services, however, belongs to the Building Products - Heavy Construction industry. Currently, this 10-stock industry is ranked #21. The industry has moved +94.1% so far this year.Investors with an interest in Construction stocks should continue to track Louisiana-Pacific and Primoris Services. These stocks will be looking to continue their solid performance.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Louisiana-Pacific Corporation (LPX): Free Stock Analysis Report Primoris Services Corporation (PRIM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks