Taylor Devices (NASDAQ:TAYD) Share Price Passes Above Two Hundred Day Moving Average of $30.59

Taylor Devices, Inc. (NASDAQ:TAYD) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.59 and traded as high as $48.37. Taylor Devices shares last traded at $47.99, with a volume of 19,448 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Taylor Devices from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 9th.

Taylor Devices Price Performance

The business has a 50 day simple moving average of $42.29 and a 200 day simple moving average of $30.59. The stock has a market cap of $168.92 million, a PE ratio of 19.27 and a beta of 1.01.

Taylor Devices (NASDAQ:TAYD) last released its quarterly earnings data on Thursday, March 28th. The industrial products company reported $0.82 EPS for the quarter. The firm had revenue of $12.25 million for the quarter. Taylor Devices had a return on equity of 16.84% and a net margin of 19.87%.

Hedge Funds Weigh In On Taylor Devices

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Taylor Devices by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 52,880 shares of the industrial products company’s stock valued at $1,170,000 after acquiring an additional 5,900 shares during the last quarter. Perritt Capital Management Inc. boosted its position in Taylor Devices by 32.0% during the fourth quarter. Perritt Capital Management Inc. now owns 13,617 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 3,302 shares during the period. Northern Trust Corp acquired a new position in Taylor Devices during the fourth quarter valued at approximately $268,000. Janney Montgomery Scott LLC grew its holdings in Taylor Devices by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 135,222 shares of the industrial products company’s stock valued at $2,992,000 after purchasing an additional 500 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Taylor Devices by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 23,542 shares of the industrial products company’s stock valued at $520,000 after purchasing an additional 1,769 shares during the period. 17.62% of the stock is currently owned by institutional investors.

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.