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 research report issued on Tuesday.
Taylor Devices Stock Up 2.4 %
TAYD traded up $0.79 on Tuesday, reaching $34.00. 17,154 shares of the company traded hands, compared to its average volume of 47,167. The company has a market cap of $106.62 million, a P/E ratio of 11.72 and a beta of 1.06. Taylor Devices has a one year low of $27.82 and a one year high of $64.50. The firm has a fifty day simple moving average of $43.22 and a two-hundred day simple moving average of $47.69.
Taylor Devices (NASDAQ:TAYD - Get Free Report) last announced its quarterly earnings results on Friday, January 3rd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter. Taylor Devices had a return on equity of 18.95% and a net margin of 21.22%. During the same period last year, the business earned $0.56 earnings per share.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. purchased a new stake in shares of Taylor Devices during the 2nd quarter worth $1,206,000. B. Riley Wealth Advisors Inc. bought a new position in Taylor Devices in the second quarter worth about $546,000. State Street Corp lifted its position in shares of Taylor Devices by 17.0% during the third quarter. State Street Corp now owns 35,532 shares of the industrial products company's stock valued at $1,774,000 after buying an additional 5,171 shares during the last quarter. Barclays PLC boosted its holdings in shares of Taylor Devices by 325.6% in the 3rd quarter. Barclays PLC now owns 3,426 shares of the industrial products company's stock valued at $172,000 after buying an additional 2,621 shares in the last quarter. Finally, FMR LLC grew its position 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 last quarter. 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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