Taylor Devices (NASDAQ:TAYD) Cut to Hold at StockNews.com

StockNews.com cut shares of Taylor Devices (NASDAQ:TAYD) from a strong-buy rating to a hold rating in a research report released on Monday morning.

Taylor Devices Trading Down 1.4 %

Shares of TAYD opened at $34.77 on Monday. The firm has a market capitalization of $108.45 million, a price-to-earnings ratio of 11.99 and a beta of 1.06. The firm’s fifty day simple moving average is $44.77 and its 200-day simple moving average is $48.04. Taylor Devices has a twelve month low of $22.22 and a twelve month high of $64.50.

Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings results 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 18.95% and a net margin of 21.22%. During the same period in the previous year, the firm earned $0.56 EPS.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. MetLife Investment Management LLC acquired a new stake in shares of Taylor Devices during the third quarter worth about $70,000. FMR LLC increased its position in Taylor Devices by 1,138.6% during the third quarter. FMR LLC now owns 1,796 shares of the industrial products company’s stock worth $90,000 after buying an additional 1,651 shares during the period. Rhumbline Advisers purchased a new stake in Taylor Devices in the second quarter valued at approximately $86,000. BNP Paribas Financial Markets boosted its holdings in shares of 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 valued at $155,000 after acquiring an additional 2,239 shares during the period. Finally, Barclays PLC grew its position in shares of 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 acquiring an additional 2,621 shares during the last quarter. Institutional investors and hedge funds own 17.62% of the company’s stock.

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.