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

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 on Monday.

Taylor Devices Stock Up 0.5 %

NASDAQ TAYD traded up $0.22 on Monday, reaching $43.73. 14,449 shares of the stock traded hands, compared to its average volume of 24,680. The company has a market cap of $136.39 million, a price-to-earnings ratio of 15.08 and a beta of 1.04. The firm’s fifty day simple moving average is $50.49 and its 200 day simple moving average is $48.94. Taylor Devices has a 12 month low of $21.92 and a 12 month high of $64.50.

Taylor Devices (NASDAQ:TAYD) last released its quarterly earnings data on Friday, September 27th. The industrial products company reported $0.85 earnings per share for the quarter. The business 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 Trading of Taylor Devices

A number of hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its holdings in shares of Taylor Devices by 0.6% in the third quarter. Janney Montgomery Scott LLC now owns 134,981 shares of the industrial products company’s stock valued at $6,738,000 after purchasing an additional 871 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Taylor Devices by 6.2% in the third quarter. Geode Capital Management LLC now owns 61,814 shares of the industrial products company’s stock valued at $3,087,000 after purchasing an additional 3,636 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Taylor Devices by 6.7% in the first quarter. Vanguard Group Inc. now owns 56,441 shares of the industrial products company’s stock valued at $2,809,000 after purchasing an additional 3,561 shares in the last quarter. Courier Capital LLC lifted its holdings in shares of Taylor Devices by 14.3% in the second quarter. Courier Capital LLC now owns 40,000 shares of the industrial products company’s stock valued at $1,799,000 after purchasing an additional 5,000 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Taylor Devices by 17.0% during the third quarter. State Street Corp now owns 35,532 shares of the industrial products company’s stock worth $1,774,000 after acquiring an additional 5,171 shares in the last quarter. Hedge funds and other institutional investors own 17.62% of the company’s stock.

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.