Taylor Devices (NASDAQ:TAYD) Stock Rating Upgraded by StockNews.com

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

Taylor Devices Trading Up 2.1 %

Shares of NASDAQ TAYD opened at $44.65 on Monday. The company has a market capitalization of $139.31 million, a price-to-earnings ratio of 15.08 and a beta of 1.04. Taylor Devices has a twelve month low of $21.92 and a twelve month high of $64.50. The business has a 50 day simple moving average of $50.28 and a 200-day simple moving average of $48.89.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC bought a new stake in Taylor Devices in the third quarter valued at $70,000. Rhumbline Advisers acquired a new position in shares of Taylor Devices during the second quarter worth approximately $86,000. FMR LLC grew its holdings in 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 buying an additional 1,651 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Taylor Devices by 261.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,096 shares of the industrial products company’s stock worth $155,000 after buying an additional 2,239 shares in the last quarter. Finally, Barclays PLC increased its position in Taylor Devices by 325.6% in the 3rd quarter. Barclays PLC now owns 3,426 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 2,621 shares during the period. 17.62% of the stock is currently 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.