Taylor Devices (NASDAQ:TAYD) Share Price Passes Above 200 Day Moving Average of $36.88

Taylor Devices, Inc. (NASDAQ:TAYDGet Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $36.88 and traded as high as $51.04. Taylor Devices shares last traded at $50.92, with a volume of 35,410 shares traded.

Analysts Set New Price Targets

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

View Our Latest Stock Report on TAYD

Taylor Devices Stock Up 7.1 %

The firm has a market capitalization of $179.24 million, a P/E ratio of 20.45 and a beta of 1.02. The firm has a 50 day moving average of $49.84 and a 200-day moving average of $36.88.

Taylor Devices (NASDAQ:TAYDGet Free Report) last posted its quarterly earnings data on Thursday, March 28th. The industrial products company reported $0.82 earnings per share for the quarter. Taylor Devices had a net margin of 19.87% and a return on equity of 16.84%. The business had revenue of $12.25 million during the quarter.

Institutional Trading of Taylor Devices

Several large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted 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 acquiring an additional 500 shares during the last quarter. Vanguard Group Inc. increased its position in Taylor Devices by 6.7% during 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 in the last quarter. Elkhorn Partners Limited Partnership lifted its stake in Taylor Devices by 47.2% in the 1st quarter. Elkhorn Partners Limited Partnership now owns 26,205 shares of the industrial products company’s stock valued at $1,304,000 after purchasing an additional 8,405 shares during the last quarter. National Wealth Management Group LLC acquired a new stake in Taylor Devices in the first quarter valued at approximately $590,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Taylor Devices during the first quarter worth $488,000. Institutional investors and hedge funds own 17.62% of the company’s stock.

Taylor Devices Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Taylor Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Devices and related companies with MarketBeat.com's FREE daily email newsletter.