NXT vs. TDY, DRS, NN, LUNR, IPAX, CODA, MIND, NOC, LHX, and GRMN
Should you be buying Nextracker stock or one of its competitors? The main competitors of Nextracker include Teledyne Technologies (TDY), Leonardo DRS (DRS), NextNav (NN), Intuitive Machines (LUNR), Inflection Point Acquisition (IPAX), Coda Octopus Group (CODA), MIND Technology (MIND), Northrop Grumman (NOC), L3Harris Technologies (LHX), and Garmin (GRMN). These companies are all part of the "search & navigation equipment" industry.
Teledyne Technologies (NYSE:TDY) and Nextracker (NASDAQ:NXT) are both aerospace companies, but which is the better investment? We will contrast the two companies based on the strength of their community ranking, institutional ownership, dividends, earnings, risk, analyst recommendations, valuation, profitability and media sentiment.
Teledyne Technologies presently has a consensus target price of $470.83, indicating a potential upside of 18.61%. Nextracker has a consensus target price of $58.52, indicating a potential upside of 6.08%. Given Nextracker's stronger consensus rating and higher possible upside, equities research analysts plainly believe Teledyne Technologies is more favorable than Nextracker.
Teledyne Technologies has a net margin of 15.81% compared to Teledyne Technologies' net margin of 12.25%. Nextracker's return on equity of 10.54% beat Teledyne Technologies' return on equity.
Teledyne Technologies received 330 more outperform votes than Nextracker when rated by MarketBeat users. However, 67.61% of users gave Nextracker an outperform vote while only 66.43% of users gave Teledyne Technologies an outperform vote.
91.6% of Teledyne Technologies shares are owned by institutional investors. Comparatively, 67.4% of Nextracker shares are owned by institutional investors. 2.1% of Teledyne Technologies shares are owned by insiders. Comparatively, 0.1% of Nextracker shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Teledyne Technologies has a beta of 1.04, indicating that its stock price is 4% more volatile than the S&P 500. Comparatively, Nextracker has a beta of 2.42, indicating that its stock price is 142% more volatile than the S&P 500.
Teledyne Technologies has higher revenue and earnings than Nextracker. Nextracker is trading at a lower price-to-earnings ratio than Teledyne Technologies, indicating that it is currently the more affordable of the two stocks.
In the previous week, Nextracker had 11 more articles in the media than Teledyne Technologies. MarketBeat recorded 14 mentions for Nextracker and 3 mentions for Teledyne Technologies. Nextracker's average media sentiment score of 1.68 beat Teledyne Technologies' score of 0.83 indicating that Teledyne Technologies is being referred to more favorably in the media.
Summary
Teledyne Technologies beats Nextracker on 13 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding NXT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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