Taylor Devices (NASDAQ:TAYD) Upgraded at StockNews.com

StockNews.com upgraded shares of Taylor Devices (NASDAQ:TAYD) from a hold rating to a buy rating in a report published on Monday.

Taylor Devices Stock Up 2.4 %

TAYD opened at $33.28 on Monday. The company has a market capitalization of $104.40 million, a PE ratio of 12.42 and a beta of 0.91. The firm has a 50-day simple moving average of $32.36 and a two-hundred day simple moving average of $40.80. Taylor Devices has a 52 week low of $30.18 and a 52 week high of $64.50.

Taylor Devices (NASDAQ:TAYD) last announced its quarterly earnings results on Friday, March 28th. The industrial products company reported $0.64 EPS for the quarter. Taylor Devices had a return on equity of 17.04% and a net margin of 19.99%. The company had revenue of $10.57 million during the quarter.

Insider Activity at Taylor Devices

In other Taylor Devices news, CEO Timothy John Sopko bought 1,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were purchased 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 owns 9,000 shares of the company’s stock, valued at $299,250. This represents a 12.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Taylor Devices

Several large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of 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. 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 buying an additional 2,239 shares during the last quarter. MetLife Investment Management LLC bought a new stake in Taylor Devices in the third quarter worth $70,000. State Street Corp boosted its stake in 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 buying an additional 5,171 shares during the period. Finally, Barclays PLC increased its position in Taylor Devices by 325.6% during the third quarter. Barclays PLC now owns 3,426 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 2,621 shares during the last quarter. 17.62% of the stock is owned by institutional investors.

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.