Taylor Devices (NASDAQ:TAYD) Stock Rating Upgraded by StockNews.com

Taylor Devices (NASDAQ:TAYD - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Monday.

Taylor Devices Stock Down 4.7 %

NASDAQ:TAYD traded down $1.51 during mid-day trading on Monday, hitting $30.49. 23,670 shares of the stock traded hands, compared to its average volume of 26,337. The stock has a market capitalization of $95.66 million, a price-to-earnings ratio of 11.33 and a beta of 0.91. Taylor Devices has a 52 week low of $30.18 and a 52 week high of $64.50. The firm's 50 day moving average is $32.32 and its two-hundred day moving average is $40.74.

Taylor Devices (NASDAQ:TAYD - Get Free Report) last released its earnings results on Friday, March 28th. The industrial products company reported $0.64 EPS for the quarter. Taylor Devices had a return on equity of 17.04% and a net margin of 19.99%. The firm had revenue of $10.57 million for the quarter.

Insider Transactions at Taylor Devices

In related news, CEO Timothy John Sopko acquired 1,000 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was bought at an average price of $33.25 per share, for a total transaction of $33,250.00. Following the acquisition, the chief executive officer now directly owns 9,000 shares of the company's stock, valued at $299,250. This represents a 12.50 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 7.75% of the company's stock.

Hedge Funds Weigh In On Taylor Devices

Hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC purchased a new stake in shares of Taylor Devices in the third quarter valued at approximately $70,000. FMR LLC lifted its holdings in shares of Taylor Devices by 1,138.6% in the 3rd quarter. FMR LLC now owns 1,796 shares of the industrial products company's stock worth $90,000 after buying an additional 1,651 shares during the period. Bank of America Corp DE grew its position in shares of Taylor Devices by 57.1% during the 4th quarter. Bank of America Corp DE now owns 2,800 shares of the industrial products company's stock worth $117,000 after buying an additional 1,018 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Taylor Devices by 261.3% during the third quarter. BNP Paribas Financial Markets now owns 3,096 shares of the industrial products company's stock valued at $155,000 after buying an additional 2,239 shares during the period. Finally, Barclays PLC raised its holdings in shares of Taylor Devices by 325.6% in the third quarter. Barclays PLC now owns 3,426 shares of the industrial products company's stock valued at $172,000 after acquiring an additional 2,621 shares in the last quarter. 17.62% of the stock is currently owned by institutional investors.

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.