Taylor Devices (NASDAQ:TAYD) stock price exceeds the 200-day moving average of $39.86

Taylor Devices, Inc. (NASDAQ:TAYD – Free Report) stock price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $39.86 and has traded as high as $45.68. Taylor Devices shares last traded at $44.98, with a trading volume of 310,784 shares.

Analysts set new price targets

StockNews.com separately downgraded Taylor Devices from a “strong buy” rating to a “buy” rating in a research report on Tuesday, April 9th.

Check out our latest analysis on TAYD

Taylor Devices trading up 7.2%

The company has a market cap of $158.33 million, a P/E ratio of 18.06, and a beta of 1.01. The company has a 50-day moving average price of $47.65 and a 200-day moving average price of $39.86.

Taylor Devices (NASDAQ:TAYD – Free Report) last released its earnings results on Thursday, March 28. The industrial products company reported earnings per share (EPS) of $0.82 for the quarter. The company had revenue of $12.25 million for the quarter. Taylor Devices had a return on equity of 16.84% and a net margin of 19.87%.

Hedge funds comment on Taylor devices

Several hedge funds have recently bought and sold shares of TAYD. LSV Asset Management acquired a new position in Taylor Devices in the 1st quarter valued at about $119,000. Johnson Bixby & Associates LLC acquired a new position in Taylor Devices in the first quarter valued at $373,000. O Shaughnessy Asset Management LLC acquired a new position in Taylor Devices in the first quarter valued at $488,000. National Wealth Management Group LLC acquired a new position in Taylor Devices in the first quarter valued at $590,000. Finally, Elkhorn Partners Limited Partnership increased its position in 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 purchasing an additional 8,405 shares in the last quarter. 17.62% of the shares are owned by hedge funds and other institutional investors.

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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