Taylor Devices (NASDAQ:TAYD) Stock Rating Lowered by StockNews.com

Taylor Devices (NASDAQ:TAYD) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Taylor Devices Price Performance

NASDAQ:TAYD traded down $1.63 during midday trading on Thursday, reaching $47.02. 18,159 shares of the company traded hands, compared to its average volume of 24,296. The firm has a market capitalization of $165.56 million, a price-to-earnings ratio of 18.88 and a beta of 1.03. The company has a fifty day moving average price of $52.28 and a 200 day moving average price of $49.26. Taylor Devices has a twelve month low of $21.44 and a twelve month high of $64.50.

Taylor Devices (NASDAQ:TAYD) last issued its quarterly earnings data on Friday, September 27th. The industrial products company reported $0.85 earnings per share for the quarter. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%. The business had revenue of $11.62 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. purchased a new position in Taylor Devices during the 2nd quarter valued at about $1,206,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Taylor Devices during the 2nd quarter worth $546,000. LSV Asset Management bought a new position in shares of Taylor Devices during the 1st quarter valued at $119,000. Vanguard Group Inc. lifted its stake 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 valued at $2,809,000 after purchasing an additional 3,561 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Taylor Devices in the first quarter worth about $488,000. 17.62% of the stock is owned by institutional investors and hedge funds.

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.