Taylor Devices (NASDAQ:TAYD) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Taylor Devices (NASDAQ:TAYD) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taylor Devices in a research report on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Taylor Devices Trading Up 9.9%

NASDAQ TAYD opened at $64.25 on Friday. The company has a market capitalization of $202.26 million, a PE ratio of 20.40 and a beta of 0.97. The stock has a 50-day simple moving average of $51.24 and a 200 day simple moving average of $47.25. Taylor Devices has a 12 month low of $29.50 and a 12 month high of $64.25.

Taylor Devices (NASDAQ:TAYD) last announced its quarterly earnings results on Wednesday, December 31st. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.11. Taylor Devices had a return on equity of 16.11% and a net margin of 20.75%.The company had revenue of $11.60 million during the quarter, compared to the consensus estimate of $10.40 million.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Martin & Co. Inc. TN acquired a new stake in shares of Taylor Devices during the second quarter valued at about $817,000. Y Intercept Hong Kong Ltd bought a new position in Taylor Devices in the 2nd quarter valued at approximately $304,000. RBF Capital LLC acquired a new stake in Taylor Devices during the 2nd quarter worth approximately $1,085,000. Courier Capital LLC grew its holdings in Taylor Devices by 10.4% during the 2nd quarter. Courier Capital LLC now owns 53,221 shares of the industrial products company’s stock worth $2,310,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Taylor Devices during the 3rd quarter worth approximately $335,000. 17.62% of the stock is currently owned by institutional investors.

About Taylor Devices

Taylor Devices, Inc is an engineering firm headquartered in North Tonawanda, New York, specializing in the design, development and manufacture of motion control products and engineered fluid-handling devices. The company’s core focus is on providing high-performance hydraulic dampers, fluid springs (also known as gas springs), shock absorbers and hydraulic accumulators that are used to manage energy and motion in a wide range of industrial and structural applications.

The company’s product portfolio includes industrial shock absorbers designed to cushion and decelerate moving parts in manufacturing and test-and-measurement systems, fluid viscous dampers for seismic protection of buildings and bridges, and fluid spring devices that combine the properties of a gas spring and a hydraulic damper.