StockNews.com Downgrades Taylor Devices (NASDAQ:TAYD) to Buy

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

Taylor Devices Stock Down 2.8 %

TAYD opened at $43.52 on Monday. The stock has a market cap of $153.19 million, a PE 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. The business’s fifty day simple moving average is $47.21 and its 200 day simple moving average is $40.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. LSV Asset Management bought a new position in shares of Taylor Devices during the first quarter valued at about $119,000. Johnson Bixby & Associates LLC bought a new position in shares of Taylor Devices during the first quarter valued at about $373,000. O Shaughnessy Asset Management LLC bought a new position in shares of Taylor Devices during the first quarter valued at about $488,000. National Wealth Management Group LLC bought a new position in shares of Taylor Devices during the first quarter valued at about $590,000. Finally, Elkhorn Partners Limited Partnership grew its stake in shares of Taylor Devices by 47.2% during the first quarter. Elkhorn Partners Limited Partnership now owns 26,205 shares of the industrial products company’s stock valued at $1,304,000 after buying an additional 8,405 shares during the last quarter. 17.62% of the stock is owned by institutional investors.

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.