Taylor Devices (NASDAQ:TAYD) Stock Rating Upgraded by Wall Street Zen

Taylor Devices (NASDAQ:TAYD) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings downgraded Taylor Devices from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Taylor Devices presently has an average rating of “Hold”.

Taylor Devices Stock Performance

Taylor Devices stock opened at $54.22 on Friday. The company has a market cap of $174.59 million, a P/E ratio of 16.43 and a beta of 0.92. The firm’s 50-day moving average is $54.81 and its 200-day moving average is $64.31. Taylor Devices has a 1 year low of $40.50 and a 1 year high of $90.37.

Insider Activity at Taylor Devices

In other Taylor Devices news, Director Robert Michael Carey sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $56.73, for a total transaction of $283,650.00. Following the completion of the sale, the director directly owned 7,721 shares of the company’s stock, valued at approximately $438,012.33. The trade was a 39.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.88% of the company’s stock.

Institutional Trading of Taylor Devices

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in Taylor Devices by 68.2% during the fourth quarter. Royal Bank of Canada now owns 740 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 300 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Taylor Devices by 253.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 727 shares in the last quarter. Rhumbline Advisers increased its position in Taylor Devices by 24.8% during the 1st quarter. Rhumbline Advisers now owns 2,357 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 468 shares in the last quarter. Bank of America Corp DE lifted its stake in Taylor Devices by 16.3% in the 2nd quarter. Bank of America Corp DE now owns 2,153 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 301 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in Taylor Devices during the 3rd quarter worth approximately $205,000. Institutional investors own 17.62% of the company’s stock.

Taylor Devices Company Profile

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.