Taylor Devices (NASDAQ:TAYD) Upgraded by StockNews.com to “Buy” Rating

Taylor Devices (NASDAQ:TAYD) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Taylor Devices Price Performance

Shares of TAYD stock opened at $33.98 on Tuesday. The firm has a market cap of $106.70 million, a price-to-earnings ratio of 12.68 and a beta of 1.06. The stock’s fifty day simple moving average is $42.97 and its 200 day simple moving average is $47.60. Taylor Devices has a one year low of $27.82 and a one year high of $64.50.

Taylor Devices (NASDAQ:TAYD) last posted its earnings results on Friday, January 3rd. The industrial products company reported $0.34 earnings per share for the quarter. Taylor Devices had a net margin of 19.99% and a return on equity of 17.04%. During the same period last year, the business posted $0.56 EPS.

Insider Transactions at Taylor Devices

In other Taylor Devices news, CEO Timothy John Sopko acquired 1,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was purchased at an average price of $33.25 per share, for a total transaction of $33,250.00. Following the transaction, the chief executive officer now owns 9,000 shares in the company, valued at $299,250. This trade represents a 12.50 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 7.75% of the company’s stock.

Institutional Trading of Taylor Devices

Several large investors have recently made changes to their positions in the business. MetLife Investment Management LLC bought a new stake in Taylor Devices during the 3rd quarter worth about $70,000. Rhumbline Advisers acquired a new position in shares of Taylor Devices during the second quarter worth approximately $86,000. FMR LLC increased its holdings in shares of Taylor Devices by 1,138.6% in the third quarter. FMR LLC now owns 1,796 shares of the industrial products company’s stock valued at $90,000 after purchasing an additional 1,651 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Taylor Devices by 261.3% in the third quarter. BNP Paribas Financial Markets now owns 3,096 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 2,239 shares in the last quarter. Finally, Barclays PLC raised its position in Taylor Devices by 325.6% in the 3rd quarter. Barclays PLC now owns 3,426 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 2,621 shares during the last quarter. Institutional investors own 17.62% of the company’s stock.

Taylor Devices Company Profile

Taylor Devices, Inc engages in design, development, manufacture, and marketing of shock absorption, rate control, and energy storage devices for use in machinery, equipment, and structures in the United States, Asia, and internationally. Its products include seismic dampers that are designed to mitigate the effects of earthquakes on structures; Fluidicshoks, which are compact shock absorbers primarily used in defense, aerospace, and commercial industries; and crane and industrial buffers, which are larger versions of the Fluidicshoks for industrial application on cranes and crane trolleys, truck docks, ladle and ingot cars, ore trolleys, and train car stops.