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

Taylor Devices (NASDAQ:TAYD - Get Free Report) 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 Stock Down 3.8 %

Taylor Devices stock traded down $1.28 during midday trading on Monday, hitting $32.00. The company's stock had a trading volume of 18,933 shares, compared to its average volume of 26,424. Taylor Devices has a 12 month low of $30.18 and a 12 month high of $64.50. The stock's 50-day moving average price is $32.36 and its 200-day moving average price is $40.80. The company has a market capitalization of $100.38 million, a PE ratio of 11.94 and a beta of 0.91.

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. The business had revenue of $10.57 million for the quarter. Taylor Devices had a net margin of 19.99% and a return on equity of 17.04%.

Insider Buying and Selling

In related news, CEO Timothy John Sopko purchased 1,000 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was acquired 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 directly owns 9,000 shares of the company's stock, valued at $299,250. This trade represents a 12.50 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 7.75% of the company's stock.

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Institutional Trading of Taylor Devices

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its position in Taylor Devices by 17.0% during the 3rd quarter. State Street Corp now owns 35,532 shares of the industrial products company's stock worth $1,774,000 after purchasing an additional 5,171 shares in the last quarter. Barclays PLC grew its position in Taylor Devices by 325.6% during the third quarter. Barclays PLC now owns 3,426 shares of the industrial products company's stock valued at $172,000 after purchasing an additional 2,621 shares in the last quarter. FMR LLC increased its stake in Taylor Devices by 1,138.6% in the 3rd quarter. FMR LLC now owns 1,796 shares of the industrial products company's stock valued at $90,000 after buying an additional 1,651 shares during the period. BNP Paribas Financial Markets lifted its position in Taylor Devices by 261.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,096 shares of the industrial products company's stock worth $155,000 after buying an additional 2,239 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Taylor Devices by 6.2% during the third quarter. Geode Capital Management LLC now owns 61,814 shares of the industrial products company's stock valued at $3,087,000 after purchasing an additional 3,636 shares during the last quarter. Institutional investors and hedge funds own 17.62% of the company's stock.

About Taylor Devices

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.