Taylor Devices (NASDAQ:TAYD - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Tuesday.
Taylor Devices Price Performance
TAYD stock traded up $1.69 during mid-day trading on Tuesday, reaching $44.00. 13,332 shares of the company traded hands, compared to its average volume of 25,048. The company has a fifty day moving average price of $52.96 and a 200-day moving average price of $49.68. Taylor Devices has a 52-week low of $20.50 and a 52-week high of $64.50. The company has a market capitalization of $154.92 million, a P/E ratio of 17.40 and a beta of 1.03.
Taylor Devices (NASDAQ:TAYD - Get Free Report) last posted its earnings results on Thursday, August 15th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $12.07 million for the quarter. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%.
Hedge Funds Weigh In On Taylor Devices
A number of hedge funds and other institutional investors have recently bought and sold shares of TAYD. Rhumbline Advisers bought a new position in Taylor Devices in the second quarter valued at $86,000. LSV Asset Management purchased a new position in shares of Taylor Devices during the 1st quarter valued at about $119,000. Bank of New York Mellon Corp purchased a new stake in Taylor Devices in the second quarter worth approximately $286,000. Ritholtz Wealth Management grew its position in Taylor Devices by 123.9% during the second quarter. Ritholtz Wealth Management now owns 9,220 shares of the industrial products company's stock valued at $415,000 after acquiring an additional 5,103 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Taylor Devices during the first quarter worth approximately $488,000. Hedge funds and other institutional investors own 17.62% of the company's stock.
About Taylor Devices
(
Get Free Report)
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.
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