Taylor Devices (NASDAQ:TAYD) Stock Crosses Above Two Hundred Day Moving Average of $30.59

Taylor Devices, Inc. (NASDAQ:TAYD) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.59 and traded as high as $48.37. Taylor Devices shares last traded at $47.99, with a volume of 19,448 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com cut Taylor Devices from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 9th.

Taylor Devices Stock Performance

The company has a market capitalization of $164.14 million, a P/E ratio of 18.49 and a beta of 1.01. The business has a 50 day moving average of $42.57 and a 200-day moving average of $30.71.

Taylor Devices (NASDAQ:TAYD) last released its quarterly earnings data on Thursday, March 28th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter. Taylor Devices had a return on equity of 16.84% and a net margin of 19.87%. The company had revenue of $12.25 million for the quarter.

Institutional Trading of Taylor Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its stake in shares of Taylor Devices by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 135,222 shares of the industrial products company’s stock valued at $2,992,000 after purchasing an additional 500 shares during the period. Dimensional Fund Advisors LP increased its stake in Taylor Devices by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,012 shares of the industrial products company’s stock worth $156,000 after acquiring an additional 715 shares during the last quarter. Acadian Asset Management LLC bought a new position in Taylor Devices in the 1st quarter worth about $31,000. Morgan Stanley increased its stake in Taylor Devices by 34.0% in the 4th quarter. Morgan Stanley now owns 7,743 shares of the industrial products company’s stock worth $110,000 after acquiring an additional 1,965 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Taylor Devices by 4.6% in the 2nd quarter. Renaissance Technologies LLC now owns 47,662 shares of the industrial products company’s stock worth $1,218,000 after acquiring an additional 2,100 shares during the last quarter. 17.62% of the stock is currently owned by 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.