Taylor Devices, Inc. (NASDAQ:TAYD) CEO Timothy John Sopko Purchases 1,000 Shares

Taylor Devices, Inc. (NASDAQ:TAYD - Get Free Report) CEO Timothy John Sopko acquired 1,000 shares of the company's stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of $33.25 per share, for a total transaction of $33,250.00. Following the completion of the purchase, the chief executive officer now owns 9,000 shares of the company's stock, valued at approximately $299,250. This represents a 12.50 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Taylor Devices Stock Performance

Shares of TAYD traded down $0.20 during mid-day trading on Tuesday, hitting $33.01. 31,064 shares of the company were exchanged, compared to its average volume of 49,383. Taylor Devices, Inc. has a 1-year low of $27.82 and a 1-year high of $64.50. The stock has a market cap of $103.52 million, a price-to-earnings ratio of 11.38 and a beta of 1.06. The company has a 50 day moving average of $43.22 and a 200-day moving average of $47.69.

Taylor Devices (NASDAQ:TAYD - Get Free Report) last released its earnings results on Friday, January 3rd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%. During the same quarter last year, the firm posted $0.56 EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Taylor Devices from a "hold" rating to a "buy" rating in a research note on Tuesday.

Institutional Trading of Taylor Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in TAYD. American Century Companies Inc. purchased a new position in shares of Taylor Devices during the 2nd quarter worth approximately $1,206,000. Scalar Gauge Management LLC acquired a new stake in shares of Taylor Devices during the 3rd quarter worth about $681,000. B. Riley Wealth Advisors Inc. acquired a new position in Taylor Devices in the 2nd quarter valued at $546,000. Courier Capital LLC lifted its position in Taylor Devices by 19.3% during the fourth quarter. Courier Capital LLC now owns 47,721 shares of the industrial products company's stock worth $1,986,000 after buying an additional 7,721 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Taylor Devices in the second quarter worth approximately $286,000. Institutional investors and hedge funds 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.

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