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

StockNews.com downgraded shares of Taylor Devices (NASDAQ:TAYD) from a strong-buy rating to a buy rating in a research report report published on Thursday.

Taylor Devices Price Performance

NASDAQ:TAYD opened at $47.02 on Thursday. The firm has a market capitalization of $146.70 million, a price-to-earnings ratio of 16.21 and a beta of 1.03. The company’s 50-day moving average is $52.28 and its two-hundred day moving average is $49.26. Taylor Devices has a 1-year low of $21.44 and a 1-year high of $64.50.

Taylor Devices (NASDAQ:TAYD) last posted its earnings results 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 net margin of 21.22% and a return on equity of 18.95%.

Hedge Funds Weigh In On Taylor Devices

Institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted 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 acquiring an additional 871 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Taylor Devices by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 56,441 shares of the industrial products company’s stock worth $2,809,000 after acquiring an additional 3,561 shares during the last quarter. Courier Capital LLC lifted its holdings in shares of Taylor Devices by 14.3% in the 2nd quarter. Courier Capital LLC now owns 40,000 shares of the industrial products company’s stock worth $1,799,000 after acquiring an additional 5,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Taylor Devices by 22.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 32,290 shares of the industrial products company’s stock worth $1,452,000 after buying an additional 5,890 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in Taylor Devices during the 2nd quarter worth approximately $1,206,000. 17.62% of the stock is currently owned by institutional investors and hedge funds.

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.