Taylor Devices (NASDAQ:TAYD) Downgraded by StockNews.com

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

Taylor Devices Stock Down 2.8 %

Shares of Taylor Devices stock opened at $43.52 on Monday. The stock’s fifty day moving average is $47.21 and its two-hundred day moving average is $40.42. The company has a market capitalization of $153.19 million, a PE ratio of 17.48 and a beta of 1.03. Taylor Devices has a 52 week low of $18.06 and a 52 week high of $61.69.

Hedge Funds Weigh In On Taylor Devices

Several hedge funds have recently bought and sold shares of TAYD. National Wealth Management Group LLC bought a new position in Taylor Devices in the 1st quarter valued at $590,000. O Shaughnessy Asset Management LLC bought a new position in Taylor Devices in the 1st quarter valued at $488,000. Elkhorn Partners Limited Partnership lifted its holdings in shares of Taylor Devices by 47.2% in the 1st quarter. Elkhorn Partners Limited Partnership now owns 26,205 shares of the industrial products company’s stock worth $1,304,000 after buying an additional 8,405 shares during the period. Johnson Bixby & Associates LLC purchased a new stake in shares of Taylor Devices in the 1st quarter worth $373,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Taylor Devices by 6.7% in the 1st 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 during the period. Institutional investors own 17.62% of the company’s stock.

About Taylor Devices

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.