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

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

Taylor Devices Price Performance

Taylor Devices stock opened at $44.65 on Monday. Taylor Devices has a 12-month low of $21.92 and a 12-month high of $64.50. The stock has a market capitalization of $139.31 million, a PE ratio of 15.08 and a beta of 1.04. The firm 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 issued its quarterly earnings results on Friday, September 27th. The industrial products company reported $0.85 earnings per share (EPS) 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

Institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its holdings in shares of Taylor Devices by 0.6% in the 3rd 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. MetLife Investment Management LLC acquired a new position in shares of Taylor Devices in the third quarter worth about $70,000. FMR LLC boosted its holdings in shares of Taylor Devices by 1,138.6% in the third 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 period. Rhumbline Advisers acquired a new stake in shares of Taylor Devices during the second quarter valued at approximately $86,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Taylor Devices by 261.3% in the third quarter. BNP Paribas Financial Markets now owns 3,096 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 2,239 shares in the last quarter. 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.