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

StockNews.com upgraded shares of Taylor Devices (NASDAQ:TAYD) from a buy rating to a strong-buy rating in a research report report published on Monday morning.

Taylor Devices Stock Up 0.5 %

TAYD stock opened at $43.73 on Monday. The firm has a market cap of $136.39 million, a PE ratio of 15.08 and a beta of 1.04. The business has a 50 day moving average of $50.49 and a 200-day moving average of $48.94. Taylor Devices has a 12-month low of $21.92 and a 12-month high of $64.50.

Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings data on Friday, September 27th. The industrial products company reported $0.85 earnings per share for the quarter. Taylor Devices had a return on equity of 18.95% and a net margin of 21.22%. The business had revenue of $11.62 million for the quarter.

Institutional Trading of Taylor Devices

A number of large investors have recently added to or reduced their stakes in TAYD. MetLife Investment Management LLC purchased a new position in Taylor Devices in the third quarter valued at about $70,000. FMR LLC raised 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 purchasing an additional 1,651 shares during the period. Rhumbline Advisers bought a new stake in shares of Taylor Devices in the 2nd quarter worth approximately $86,000. BNP Paribas Financial Markets lifted its stake in Taylor Devices by 261.3% in the third quarter. BNP Paribas Financial Markets now owns 3,096 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 2,239 shares during the last quarter. Finally, Barclays PLC grew its holdings 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 during the period. Hedge funds and other institutional investors 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.