Taylor Devices (NASDAQ:TAYD) Upgraded at StockNews.com

Taylor Devices (NASDAQ:TAYD) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Taylor Devices Trading Down 1.1 %

Shares of Taylor Devices stock opened at $33.21 on Tuesday. The business’s fifty day simple moving average is $43.22 and its 200 day simple moving average is $47.69. Taylor Devices has a 12 month low of $27.82 and a 12 month high of $64.50. The firm has a market capitalization of $104.15 million, a P/E ratio of 11.45 and a beta of 1.06.

Taylor Devices (NASDAQ:TAYD) last released its earnings results on Friday, January 3rd. The industrial products company reported $0.34 earnings per share for the quarter. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%. During the same period in the previous year, the business earned $0.56 EPS.

Institutional Investors Weigh In On Taylor Devices

A number of institutional investors and hedge funds have recently modified their holdings of TAYD. MetLife Investment Management LLC bought a new stake in Taylor Devices during the third quarter worth about $70,000. Rhumbline Advisers purchased a new position in shares of Taylor Devices during the 2nd quarter valued at about $86,000. FMR LLC lifted its position 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 during the last quarter. BNP Paribas Financial Markets lifted its position 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 during the last quarter. Finally, Barclays PLC boosted its stake in Taylor Devices by 325.6% in the third quarter. Barclays PLC now owns 3,426 shares of the industrial products company’s stock worth $172,000 after buying an additional 2,621 shares in the last quarter. 17.62% of the stock is owned by hedge funds and other 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.