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

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

Taylor Devices Stock Performance

Shares of Taylor Devices stock opened at $34.33 on Monday. The business has a 50-day simple moving average of $44.51 and a 200-day simple moving average of $47.99. The company has a market cap of $107.08 million, a PE ratio of 11.84 and a beta of 1.06. Taylor Devices has a one year low of $22.22 and a one year high of $64.50.

Taylor Devices (NASDAQ:TAYD) last announced its quarterly earnings data on Friday, January 3rd. The industrial products company reported $0.34 EPS 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 prior year, the firm posted $0.56 EPS.

Institutional Investors Weigh In On Taylor Devices

Several institutional investors have recently added to or reduced their stakes in TAYD. Janney Montgomery Scott LLC raised its holdings in Taylor Devices by 0.6% during the third quarter. Janney Montgomery Scott LLC now owns 134,981 shares of the industrial products company’s stock worth $6,738,000 after purchasing an additional 871 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Taylor Devices by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 61,814 shares of the industrial products company’s stock valued at $3,087,000 after buying an additional 3,636 shares during the last quarter. State Street Corp raised its stake in Taylor Devices by 17.0% during the 3rd quarter. State Street Corp now owns 35,532 shares of the industrial products company’s stock worth $1,774,000 after acquiring an additional 5,171 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Taylor Devices by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 32,290 shares of the industrial products company’s stock valued at $1,452,000 after acquiring an additional 5,890 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in Taylor Devices in the second quarter valued at $1,206,000. Hedge funds and other 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.