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

StockNews.com upgraded shares of Taylor Devices (NASDAQ:TAYD) from a buy rating to a strong-buy rating in a research note issued to investors on Monday morning.

Taylor Devices Stock Performance

Shares of NASDAQ:TAYD opened at $46.49 on Monday. Taylor Devices has a 52-week low of $21.99 and a 52-week high of $64.50. The firm has a market capitalization of $145.05 million, a P/E ratio of 15.30 and a beta of 1.04. The stock has a 50 day moving average price of $49.74 and a 200-day moving average price of $48.82.

Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings data on Friday, September 27th. The industrial products company reported $0.85 earnings per share for the quarter. The company had revenue of $11.62 million during the quarter. Taylor Devices had a return on equity of 18.95% and a net margin of 21.22%.

Institutional Trading of Taylor Devices

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TAYD. American Century Companies Inc. bought a new position in shares of Taylor Devices during the 2nd quarter valued at approximately $1,206,000. Scalar Gauge Management LLC purchased a new position in Taylor Devices during the third quarter valued at approximately $681,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Taylor Devices in the second quarter worth approximately $546,000. National Wealth Management Group LLC purchased a new stake in shares of Taylor Devices in the first quarter worth $590,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Taylor Devices during the 1st quarter valued at $488,000. 17.62% of the stock is owned by hedge funds and other 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.