Is Crown Holdings (CCK) Outperforming Other Industrial Products Stocks This Year?

For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Crown Holdings (CCK) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Crown Holdings is a member of our Industrial Products group, which includes 186 different companies and currently sits at #5 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Crown Holdings is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for CCK's full-year earnings has moved 4.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, CCK has moved about 15% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 14.6%. This means that Crown Holdings is performing better than its sector in terms of year-to-date returns.

Another stock in the Industrial Products sector, Helios Technologies (HLIO), has outperformed the sector so far this year. The stock's year-to-date return is 36.6%.

Over the past three months, Helios Technologies' consensus EPS estimate for the current year has increased 10.1%. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Crown Holdings belongs to the Containers - Metal and Glass industry, which includes 4 individual stocks and currently sits at #62 in the Zacks Industry Rank. On average, this group has gained an average of 14.9% so far this year, meaning that CCK is performing better in terms of year-to-date returns.

In contrast, Helios Technologies falls under the Manufacturing - General Industrial industry. Currently, this industry has 41 stocks and is ranked #81. Since the beginning of the year, the industry has moved +4.5%.

Investors with an interest in Industrial Products stocks should continue to track Crown Holdings and Helios Technologies. These stocks will be looking to continue their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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