Taylor Devices (NASDAQ:TAYD) Rating Lowered to Buy at StockNews.com

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

Taylor Devices Stock Up 2.5 %

TAYD stock opened at $48.18 on Thursday. Taylor Devices has a twelve month low of $21.50 and a twelve month high of $64.50. The company has a market cap of $150.27 million, a PE ratio of 16.61 and a beta of 1.03. The business’s 50-day simple moving average is $52.22 and its 200 day simple moving average is $49.26.

Taylor Devices (NASDAQ:TAYD) last released its quarterly earnings data on Friday, September 27th. The industrial products company reported $0.85 earnings per share for the quarter. The company had revenue of $11.62 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

A number of institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. bought a new position in shares of Taylor Devices in the second quarter valued at approximately $1,206,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Taylor Devices in the second quarter valued at approximately $546,000. LSV Asset Management bought a new position in shares of Taylor Devices in the first quarter valued at approximately $119,000. Vanguard Group Inc. raised its stake 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 valued at $2,809,000 after acquiring an additional 3,561 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Taylor Devices in the first quarter valued at approximately $488,000. 17.62% of the stock is owned by institutional investors and hedge funds.

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.