Taylor Devices (NASDAQ:TAYD – Get Free Report) was downgraded to a “buy” rating by StockNews.com in a research note issued to investors on Wednesday.
Taylor Devices Price Performance
Taylor Devices stock opened at $52.70 on Wednesday. The company has a 50-day moving average of $46.42 and a 200-day moving average of $41.92. Taylor Devices has a one year low of $18.06 and a one year high of $61.69. The company has a market cap of $185.50 million, a price-to-earnings ratio of 21.16, and a beta of 1.03.
Institutional trading with Taylor Devices
Several major investors have recently added to or reduced their stakes in the company. National Wealth Management Group LLC acquired a new stake in Taylor Devices during the first quarter valued at about $590,000. Elkhorn Partners Limited Partnership increased its stake in Taylor Devices by 47.2% during the 1st quarter. Elkhorn Partners Limited Partnership now owns 26,205 shares of the industrial products company’s stock valued at $1,304,000 after purchasing an additional 8,405 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Taylor Devices during the 1st quarter valued at $488,000. Vanguard Group Inc. increased its stake in Taylor Devices by 6.7% during the first quarter. Vanguard Group Inc. now owns 56,441 shares of the industrial products company’s stock valued at $2,809,000 after purchasing an additional 3,561 shares in the last quarter. Finally, LSV Asset Management bought a new position in Taylor Devices in the 1st quarter valued at about $119,000. Institutional investors and hedge funds own 17.62% of the company’s shares.
Taylor Devices Company Profile
(Get free report)
Taylor Devices, Inc. is engaged in the design, development, manufacture and marketing of shock absorption, speed control and energy storage devices for use in machinery, equipment and structures in the United States, Asia and worldwide. Its products include earthquake dampers, designed to mitigate the effects of earthquakes on structures; Fluidicshoks, compact shock absorbers used primarily in the defense, aerospace and commercial industries; and crane and industrial buffers, which are larger versions of the Fluidicshoks for industrial use on cranes and crane trucks, truck docks, ladle and ingot cars, ore cars and rail car stops.
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