Taylor Devices (NASDAQ:TAYD) Posts Quarterly Earnings Results

Taylor Devices (NASDAQ:TAYD) issued its quarterly earnings data on Friday. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $10.57 million during the quarter. Taylor Devices had a net margin of 19.99% and a return on equity of 17.04%.

Taylor Devices Stock Performance

Taylor Devices stock opened at $33.24 on Friday. The stock’s 50 day moving average price is $32.45 and its two-hundred day moving average price is $41.34. Taylor Devices has a 52-week low of $30.18 and a 52-week high of $64.50. The stock has a market capitalization of $104.24 million, a price-to-earnings ratio of 12.40 and a beta of 1.05.

Insider Transactions at Taylor Devices

In other news, CEO Timothy John Sopko purchased 1,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were acquired at an average price of $33.25 per share, for a total transaction of $33,250.00. Following the completion of the acquisition, the chief executive officer now owns 9,000 shares in the company, valued at approximately $299,250. The trade was a 12.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 7.75% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Taylor Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd.

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.