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

Taylor Devices (NASDAQ:TAYD) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

Taylor Devices Stock Up 3.4 %

Shares of Taylor Devices stock opened at $49.18 on Friday. Taylor Devices has a twelve month low of $21.57 and a twelve month high of $64.50. The company has a market cap of $153.39 million, a price-to-earnings ratio of 16.96 and a beta of 1.04. The company’s 50 day moving average is $51.49 and its 200 day moving average is $49.25.

Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings data on Friday, September 27th. The industrial products company reported $0.85 EPS for the quarter. The firm had revenue of $11.62 million during 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. purchased a new stake in Taylor Devices in the 2nd quarter worth approximately $1,206,000. B. Riley Wealth Advisors Inc. purchased a new stake in Taylor Devices in the 2nd quarter worth approximately $546,000. LSV Asset Management purchased a new stake in Taylor Devices in the 1st quarter worth approximately $119,000. Vanguard Group Inc. increased its holdings in 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 in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Taylor Devices in the 1st quarter worth approximately $488,000. 17.62% of the stock is owned by hedge funds and other institutional investors.

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.