Taylor Devices (NASDAQ:TAYD) Stock Rating Upgraded by StockNews.com

Taylor Devices (NASDAQ:TAYD) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Taylor Devices Price Performance

Shares of TAYD opened at $33.98 on Tuesday. The company has a market capitalization of $106.70 million, a PE ratio of 12.68 and a beta of 1.06. Taylor Devices has a one year low of $27.82 and a one year high of $64.50. The company’s fifty day moving average price is $42.97 and its 200 day moving average price is $47.60.

Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings data on Friday, January 3rd. The industrial products company reported $0.34 earnings per share for the quarter. Taylor Devices had a return on equity of 17.04% and a net margin of 19.99%. During the same quarter in the previous year, the firm posted $0.56 earnings per share.

Insider Buying and Selling

In related news, CEO Timothy John Sopko purchased 1,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were bought at an average cost of $33.25 per share, for a total transaction of $33,250.00. Following the transaction, the chief executive officer now directly owns 9,000 shares of the company’s stock, valued at approximately $299,250. This trade represents a 12.50 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 7.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Taylor Devices

A number of institutional investors have recently added to or reduced their stakes in TAYD. MetLife Investment Management LLC acquired a new position in Taylor Devices in the 3rd quarter valued at approximately $70,000. FMR LLC increased its position in shares of Taylor Devices by 1,138.6% during the third quarter. FMR LLC now owns 1,796 shares of the industrial products company’s stock valued at $90,000 after purchasing an additional 1,651 shares during the period. Rhumbline Advisers bought a new position in Taylor Devices in the second quarter worth $86,000. BNP Paribas Financial Markets lifted its position in Taylor Devices by 261.3% in the third quarter. BNP Paribas Financial Markets now owns 3,096 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 2,239 shares during the period. Finally, Barclays PLC boosted its stake in Taylor Devices by 325.6% during the third quarter. Barclays PLC now owns 3,426 shares of the industrial products company’s stock worth $172,000 after buying an additional 2,621 shares in the last quarter. 17.62% of the stock is owned by institutional investors and hedge funds.

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.