Taylor Devices (NASDAQ:TAYD) Posts Earnings Results

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

Taylor Devices Price Performance

Shares of NASDAQ:TAYD opened at $33.24 on Friday. The firm has a market capitalization of $104.24 million, a price-to-earnings ratio of 12.40 and a beta of 1.05. The company’s fifty day moving average price is $32.45 and its 200-day moving average price is $41.34. Taylor Devices has a one year low of $30.18 and a one year high of $64.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Taylor Devices from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd.

Insider Buying and Selling

In related news, CEO Timothy John Sopko acquired 1,000 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was purchased at an average price of $33.25 per share, with a total value of $33,250.00. Following the completion of the purchase, the chief executive officer now owns 9,000 shares in the company, valued at $299,250. This trade represents a 12.50 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.75% of the stock is currently owned by corporate insiders.

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.