Taylor Devices (NASDAQ:TAYD) Upgraded at StockNews.com

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

Taylor Devices Price Performance

TAYD stock opened at $47.71 on Monday. The company’s 50 day simple moving average is $53.17 and its 200-day simple moving average is $49.61. Taylor Devices has a 12 month low of $20.50 and a 12 month high of $64.50. The firm has a market capitalization of $148.86 million, a PE ratio of 19.16 and a beta of 1.03.

Taylor Devices (NASDAQ:TAYD) last posted its earnings results on Thursday, August 15th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $12.07 million for the quarter. Taylor Devices had a return on equity of 17.54% and a net margin of 20.18%.

Institutional Trading of Taylor Devices

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TAYD. Vanguard Group Inc. boosted its stake in shares of Taylor Devices by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 56,441 shares of the industrial products company’s stock worth $2,809,000 after purchasing an additional 3,561 shares during the last quarter. Courier Capital LLC boosted its position in Taylor Devices by 14.3% during the second quarter. Courier Capital LLC now owns 40,000 shares of the industrial products company’s stock worth $1,799,000 after acquiring an additional 5,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Taylor Devices by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 32,290 shares of the industrial products company’s stock worth $1,452,000 after acquiring an additional 5,890 shares during the last quarter. American Century Companies Inc. purchased a new stake in Taylor Devices in the 2nd quarter worth approximately $1,206,000. Finally, Elkhorn Partners Limited Partnership raised its holdings in Taylor Devices by 47.2% in the 1st quarter. Elkhorn Partners Limited Partnership now owns 26,205 shares of the industrial products company’s stock valued at $1,304,000 after acquiring an additional 8,405 shares during the last quarter. Hedge funds and other 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.