Taylor Devices (NASDAQ:TAYD) is rated Strong Buy by StockNews.com

StockNews.com has upgraded the stock’s rating Taylor Devices (NASDAQ:TAYD – Free Report) from a “buy” recommendation to a “strong buy” recommendation in a research note published on Tuesday morning.

Taylor Devices down 0.3%

TAYD stock opened on Tuesday at $42.06. The stock has a market capitalization of $148.09 million, a P/E ratio of 16.89 and a beta of 1.03. The company has a 50-day moving average of $46.49 and a 200-day moving average of $41.06. Taylor Devices has a 12-month low of $18.06 and a 12-month high of $61.69.

Institutional investors evaluate Taylor devices

Big investors have recently changed their position in stocks. Janney Montgomery Scott LLC increased its position in shares of Taylor Devices by 0.4% in the 4th 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 during the period. Johnson Bixby & Associates LLC bought a new position in Taylor Devices in the 1st quarter worth about $373,000. LSV Asset Management purchased a new position in Taylor Devices in the 1st quarter worth $119,000. Vanguard Group Inc. increased its holdings in 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 purchasing an additional 3,561 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Taylor Devices in the 1st quarter worth $488,000. Institutional investors and hedge funds own 17.62% of the company’s shares.

About Taylor Devices

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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.

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