Are Construction Stocks Lagging Altair Engineering (ALTR) This Year?

Company Overview - Altair Engineering (ALTR) is part of the Construction group, which consists of 88 companies and currently ranks 7 within the Zacks Sector Rank [2] - The company is categorized under the Engineering - R and D Services industry, which includes 18 companies and is ranked 129 in the Zacks Industry Rank [5] Performance Metrics - Year-to-date, Altair Engineering has returned approximately 29.6%, significantly outperforming the average return of 15.3% for Construction stocks [6] - Over the past 90 days, the Zacks Consensus Estimate for ALTR's full-year earnings has increased by 11.1%, indicating improved analyst sentiment and a more positive earnings outlook [4] Comparative Analysis - Altair Engineering is outperforming its peers in the Engineering - R and D Services industry, which has seen an average gain of 11.1% this year [5] - Another notable performer in the Construction sector is Cavco (CVCO), which has returned 30% since the beginning of the year, indicating that both companies are strong contenders in the market [6][7]