Taylor Devices, Inc. (NASDAQ:TAYD) CEO Timothy John Sopko Acquires 1,000 Shares of Stock

Taylor Devices, Inc. (NASDAQ:TAYD) CEO Timothy John Sopko purchased 1,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was bought at an average cost of $33.25 per share, for a total transaction of $33,250.00. Following the acquisition, the chief executive officer now directly owns 9,000 shares in the company, valued at $299,250. This trade represents a 12.50 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Taylor Devices Stock Performance

Shares of TAYD opened at $33.01 on Wednesday. Taylor Devices, Inc. has a fifty-two week low of $27.82 and a fifty-two week high of $64.50. The business has a 50-day moving average of $42.97 and a 200 day moving average of $47.60. The firm has a market cap of $103.52 million, a P/E ratio of 11.38 and a beta of 1.06.

Taylor Devices (NASDAQ:TAYD) last issued its earnings results on Friday, January 3rd. The industrial products company reported $0.34 earnings per share for the quarter. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%. During the same quarter last year, the firm earned $0.56 earnings per share.

Analysts Set New Price Targets

Separately, StockNews.com raised Taylor Devices from a “hold” rating to a “buy” rating in a research report on Tuesday.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TAYD. American Century Companies Inc. purchased a new stake in shares of Taylor Devices during the second quarter worth $1,206,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Taylor Devices during the 2nd quarter valued at $546,000. State Street Corp raised its stake in shares of Taylor Devices by 17.0% during the 3rd quarter. State Street Corp now owns 35,532 shares of the industrial products company’s stock valued at $1,774,000 after purchasing an additional 5,171 shares during the period. Barclays PLC lifted its holdings in Taylor Devices by 325.6% during the 3rd quarter. Barclays PLC now owns 3,426 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 2,621 shares in the last quarter. Finally, FMR LLC boosted its stake in Taylor Devices by 1,138.6% in the 3rd quarter. FMR LLC now owns 1,796 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 1,651 shares during the period. 17.62% of the stock is currently 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.