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

StockNews.com downgraded stock rating Taylor Devices (NASDAQ:TAYD – Free Report) from a “strong buy” recommendation to a “buy” recommendation in a research note published on Monday morning.

Taylor Devices Price Performance

NASDAQ TAYD opened at $47.26 on Monday. The stock has a market capitalization 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 decreased 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 purchasing 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 purchasing 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 worth $1,304,000 after purchasing an additional 8,405 shares during the last quarter. National Wealth Management Group LLC acquired a new position in shares of Taylor Devices during the first quarter valued at approximately $590,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Taylor Devices during the first quarter valued at approximately $488,000. Hedge funds and other institutional investors own 17.62% of the company’s stock.

About Taylor Devices

(Download the free report)

Taylor Devices, Inc. is engaged in the design, development, manufacturing, and marketing of shock absorption, velocity control, and energy storage devices for use in machinery, equipment, and structures in the United States, Asia, and internationally. Its products include seismic dampers, which are designed to mitigate the effects of earthquakes on structures; Fluidicshoks, which are compact shock absorbers used primarily in the defense, aerospace, and commercial industries; and crane and industrial bumpers, which are larger versions of Fluidicshoks for industrial applications in cranes and crane trucks, truck docks, ladles and ingots, ore carts, and rail car stops.

read more

Get daily news and reviews about Taylor devices – Enter your email address below to receive a concise summary of the latest news and analyst ratings for Taylor Devices and related companies in MarketBeat.com’s FREE daily newsletter.