Taylor Devices (NASDAQ:TAYD) Downgraded to “Hold” Rating by StockNews.com

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

Taylor Devices Price Performance

Shares of TAYD stock opened at $34.36 on Wednesday. The company has a fifty day moving average price of $41.55 and a two-hundred day moving average price of $47.23. Taylor Devices has a one year low of $29.26 and a one year high of $64.50. The stock has a market cap of $107.89 million, a P/E ratio of 12.82 and a beta of 1.06.

Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings results on Friday, January 3rd. The industrial products company reported $0.34 EPS for the quarter. Taylor Devices had a return on equity of 17.04% and a net margin of 19.99%. During the same quarter in the previous year, the company earned $0.56 earnings per share.

Insider Buying and Selling at Taylor Devices

In related news, CEO Timothy John Sopko bought 1,000 shares of Taylor Devices stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average price of $33.25 per share, with a total value of $33,250.00. Following the acquisition, the chief executive officer now owns 9,000 shares of the company’s stock, valued at approximately $299,250. This represents a 12.50 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.75% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. MetLife Investment Management LLC acquired a new position in shares of Taylor Devices in the third quarter valued at approximately $70,000. Rhumbline Advisers acquired a new position in Taylor Devices in the 2nd quarter valued at $86,000. FMR LLC grew its holdings 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 valued at $90,000 after buying an additional 1,651 shares in the last quarter. BNP Paribas Financial Markets increased its position in Taylor Devices by 261.3% during the 3rd 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 period. Finally, Barclays PLC lifted its holdings 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 buying an additional 2,621 shares in the last quarter. 17.62% of the stock is owned by 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.