Taylor Devices (NASDAQ:TAYD) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Taylor Devices (NASDAQ:TAYDFree Report) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.

Taylor Devices Trading Down 1.0 %

Shares of Taylor Devices stock opened at $43.85 on Tuesday. Taylor Devices has a twelve month low of $20.50 and a twelve month high of $64.50. The stock has a market capitalization of $136.81 million, a price-to-earnings ratio of 17.79 and a beta of 1.03. The business’s 50 day simple moving average is $52.68 and its 200-day simple moving average is $49.64.

Taylor Devices (NASDAQ:TAYDGet Free Report) last posted its earnings results on Thursday, August 15th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $12.07 million for the quarter. Taylor Devices had a return on equity of 18.95% and a net margin of 21.22%.

Institutional Investors Weigh In On Taylor Devices

Several large investors have recently made changes to their positions in TAYD. Rhumbline Advisers acquired a new position in shares of Taylor Devices during the second quarter worth approximately $86,000. LSV Asset Management purchased a new stake in shares of Taylor Devices in the 1st quarter valued at approximately $119,000. Vanguard Group Inc. boosted its position in shares of Taylor Devices by 6.7% in the first 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 period. Courier Capital LLC boosted its position in Taylor Devices by 14.3% during the 2nd quarter. Courier Capital LLC now owns 40,000 shares of the industrial products company’s stock worth $1,799,000 after acquiring an additional 5,000 shares during the period. Finally, Ritholtz Wealth Management boosted its holdings in shares of Taylor Devices by 123.9% during the second quarter. Ritholtz Wealth Management now owns 9,220 shares of the industrial products company’s stock worth $415,000 after purchasing an additional 5,103 shares during the period. Institutional investors and hedge funds own 17.62% of the company’s stock.

Taylor Devices Company Profile

(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.

Read More

Receive News & Ratings for Taylor Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Devices and related companies with MarketBeat.com's FREE daily email newsletter.