Taylor Devices (NASDAQ:TAYD) Downgraded by StockNews.com

StockNews.com cut shares of Taylor Devices (NASDAQ:TAYD) from a strong-buy rating to a buy rating in a research note issued to investors on Monday.

Taylor Devices Stock Down 2.8 %

TAYD stock opened at $43.52 on Monday. The business has a fifty day moving average of $47.21 and a two-hundred day moving average of $40.42. The stock has a market cap of $153.19 million, a price-to-earnings ratio of 17.48 and a beta of 1.03. Taylor Devices has a 52-week low of $18.06 and a 52-week high of $61.69.

Institutional Investors Weigh In On Taylor Devices

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TAYD. Janney Montgomery Scott LLC increased its stake in Taylor Devices by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 135,222 shares of the industrial products company’s stock worth $2,992,000 after acquiring an additional 500 shares during the last quarter. Johnson Bixby & Associates LLC acquired a new stake in shares of Taylor Devices in the first quarter valued at $373,000. LSV Asset Management purchased a new stake in shares of Taylor Devices in the 1st quarter valued at $119,000. Vanguard Group Inc. raised its holdings in shares of Taylor Devices by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 56,441 shares of the industrial products company’s stock valued at $2,809,000 after buying an additional 3,561 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Taylor Devices in the 1st quarter valued at $488,000. 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.