SPX Technologies Outperforms Construction Sector With 21.5% Year-to-Date Gain

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Summary · why it matters

SPX Technologies has returned about 21.5% since the start of the calendar year, outperforming the average 17% gain of the 88-stock Construction group. The company holds a Zacks Rank of #2 (Buy), and the Zacks Consensus Estimate for its full-year earnings has moved 2.4% higher over the past 90 days. Within the more specific Building Products - Air Conditioner and Heating industry, a 7-stock group that has gained an average of 46.9% year-to-date, SPX Technologies is slightly underperforming. Another Construction stock, Simpson Manufacturing, has returned 24% year-to-date and also carries a Zacks Rank of #2 (Buy), with its consensus EPS estimate rising 2.2% over the past three months.

Impact on assets 2

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Zacks Rank #2 (Buy) and upward EPS estimate revision indicate positive analyst sentiment.

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