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

StockNews.com upgraded shares of Taylor Devices (NASDAQ:TAYD) from a hold rating to a buy rating in a report released on Monday.

Taylor Devices Stock Performance

Shares of TAYD opened at $45.83 on Monday. Taylor Devices has a one year low of $20.50 and a one year high of $64.50. The stock has a 50-day moving average price of $53.14 and a 200 day moving average price of $49.56. The company has a market capitalization of $142.99 million, a P/E ratio of 18.41 and a beta of 1.03.

Taylor Devices (NASDAQ:TAYD) last released its earnings results on Thursday, August 15th. The industrial products company reported $0.67 EPS for the quarter. The company had revenue of $12.07 million during the quarter. Taylor Devices had a return on equity of 17.54% and a net margin of 20.18%.

Institutional Investors Weigh In On Taylor Devices

Hedge funds and other institutional investors have recently modified their holdings of the stock. LSV Asset Management acquired a new position in Taylor Devices in the first quarter worth about $119,000. Vanguard Group Inc. lifted its holdings in Taylor Devices by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 56,441 shares of the industrial products company’s stock worth $2,809,000 after buying an additional 3,561 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of Taylor Devices in the 2nd quarter worth approximately $1,206,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Taylor Devices in the 1st quarter worth approximately $488,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Taylor Devices in the 2nd quarter valued at approximately $286,000. Institutional investors 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.