StockNews.com assumed coverage on shares of Taylor Devices (NASDAQ:TAYD – Get Rating) in a report published on Thursday. The firm issued a strong-buy rating on the industrial products company’s stock.
Taylor Devices Stock Up 3.9 %
NASDAQ:TAYD opened at $16.74 on Thursday. The stock’s fifty day moving average is $15.79 and its two-hundred day moving average is $13.13. Taylor Devices has a 52 week low of $8.13 and a 52 week high of $17.21. The stock has a market capitalization of $58.59 million, a price-to-earnings ratio of 19.02 and a beta of 0.77.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Morgan Stanley lifted its stake in Taylor Devices by 34.0% during the fourth quarter. Morgan Stanley now owns 7,743 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 1,965 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Taylor Devices by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,012 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 715 shares in the last quarter. Courier Capital LLC raised its stake in shares of Taylor Devices by 9.1% in the fourth quarter. Courier Capital LLC now owns 30,000 shares of the industrial products company’s stock valued at $426,000 after acquiring an additional 2,500 shares in the last quarter. Elkhorn Partners Limited Partnership raised its stake in shares of Taylor Devices by 5.1% in the third quarter. Elkhorn Partners Limited Partnership now owns 36,270 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 1,770 shares in the last quarter. Finally, Marquette Asset Management LLC acquired a new stake in shares of Taylor Devices in the third quarter valued at $34,000. 19.11% of the stock is currently owned by institutional investors and hedge funds.
Taylor Devices Company Profile
Taylor Devices, Inc engages in the design, development, manufacture, and marketing of shock absorption, rate control, and energy storage devices. Its products include metal bellows dampers, fluid viscous dampers, landing and arresting gear, pumpkin mounts, isolation systems, custom applications, crane buffers, shock absorbers, liquid die springs, lock up devices, and machined springs.
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