Has Kion Group (KIGRY) Outpaced 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 Kion Group (KIGRY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.Kion Group is a member of our Industrial Products group, which includes 187 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.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. Kion Group is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for KIGRY's full-year earnings has moved 46.4% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the latest available data, KIGRY has gained about 98.7% so far this year. In comparison, Industrial Products companies have returned an average of 5.9%. This means that Kion Group is performing better than its sector in terms of year-to-date returns.Another Industrial Products stock, which has outperformed the sector so far this year, is TriMas (TRS). The stock has returned 60.4% year-to-date.For TriMas, the consensus EPS estimate for the current year has increased 12.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Looking more specifically, Kion Group belongs to the Industrial Services industry, which includes 18 individual stocks and currently sits at #169 in the Zacks Industry Rank. This group has gained an average of 1.4% so far this year, so KIGRY is performing better in this area. On the other hand, TriMas belongs to the Metal Products - Procurement and Fabrication industry. This 7-stock industry is currently ranked #19. The industry has moved +23.8% year to date.Kion Group and TriMas could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>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 Kion Group (KIGRY): Free Stock Analysis Report TriMas Corporation (TRS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks