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

Taylor Devices (NASDAQ:TAYD) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

Taylor Devices Price Performance

Shares of NASDAQ TAYD traded up $1.60 during mid-day trading on Friday, hitting $49.18. 18,112 shares of the stock traded hands, compared to its average volume of 24,478. The company has a market cap of $153.44 million, a PE ratio of 16.96 and a beta of 1.04. Taylor Devices has a twelve month low of $21.57 and a twelve month high of $64.50. The firm has a 50 day simple moving average of $51.49 and a two-hundred day simple moving average of $49.25.

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

Institutional Trading of Taylor Devices

Several institutional investors have recently modified their holdings of the business. Rhumbline Advisers acquired a new position in Taylor Devices during the 2nd quarter worth about $86,000. LSV Asset Management bought a new position in shares of Taylor Devices during the first quarter worth about $119,000. Bank of New York Mellon Corp acquired a new position in shares of Taylor Devices in the second quarter worth approximately $286,000. Ritholtz Wealth Management boosted its holdings in Taylor Devices by 123.9% in the second quarter. Ritholtz Wealth Management now owns 9,220 shares of the industrial products company’s stock valued at $415,000 after acquiring an additional 5,103 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Taylor Devices during the 1st quarter valued at approximately $488,000. 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.