StockNews.com has evaluated the shares of Taylor Devices (NASDAQ:TAYD – Free Report) from a strong buy recommendation to a buy recommendation in a research note published Monday morning.
Taylor Devices Price Performance
NASDAQ TAYD opened at $47.26 on Monday. The stock has a market cap of $166.36 million, a price-to-earnings ratio of 18.98, and a beta of 1.03. Taylor Devices has a one-year low of $18.06 and a one-year high of $61.69. The company’s 50-day moving average is $47.65 and its 200-day moving average is $40.09.
Institutional inflows and outflows
Several hedge funds have recently added to or reduced their holdings in TAYD. Janney Montgomery Scott LLC increased its holdings in shares of Taylor Devices by 0.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 135,222 shares of the industrial products company’s stock worth $2,992,000 after buying an additional 500 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Taylor Devices by 6.7% in the first quarter. Vanguard Group Inc. now owns 56,441 shares of the industrial products company’s stock worth $2,809,000 after buying an additional 3,561 shares in the last quarter. Elkhorn Partners Limited Partnership increased its holdings in shares of Taylor Devices by 47.2% in the first quarter. Elkhorn Partners Limited Partnership now owns 26,205 shares of the industrial products company’s stock valued at $1,304,000 after acquiring an additional 8,405 shares in the last quarter. National Wealth Management Group LLC acquired a new position in shares of Taylor Devices in the first quarter valued at about $590,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Taylor Devices in the first quarter valued at about $488,000. Hedge funds and other institutional investors own 17.62% of the company’s stock.
About Taylor Devices
(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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