Weiss Ratings Reaffirms Hold (C+) Rating for Taylor Devices (NASDAQ:TAYD)

Taylor Devices (NASDAQ:TAYD)‘s stock had its “hold (c+)” rating reaffirmed by stock analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen lowered shares of Taylor Devices from a “strong-buy” rating to a “buy” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Taylor Devices Trading Up 6.4%

NASDAQ TAYD opened at $45.35 on Friday. The firm has a market cap of $142.85 million, a price-to-earnings ratio of 15.91 and a beta of 0.97. The company has a 50 day moving average of $46.07 and a 200-day moving average of $41.62. Taylor Devices has a 1-year low of $29.50 and a 1-year high of $53.73.

Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings data on Wednesday, October 1st. The industrial products company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $9.92 million during the quarter, compared to analyst estimates of $13.10 million. Taylor Devices had a net margin of 20.04% and a return on equity of 14.90%.

Institutional Trading of Taylor Devices

A number of institutional investors have recently bought and sold shares of TAYD. Ameriprise Financial Inc. acquired a new stake in Taylor Devices during the 2nd quarter worth $4,361,000. RBF Capital LLC acquired a new stake in Taylor Devices during the 2nd quarter worth $1,085,000. Martin & Co. Inc. TN acquired a new stake in Taylor Devices during the 2nd quarter worth $817,000. De Lisle Partners LLP grew its holdings in Taylor Devices by 60.6% during the 1st quarter. De Lisle Partners LLP now owns 42,276 shares of the industrial products company’s stock worth $1,374,000 after acquiring an additional 15,950 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Taylor Devices during the 2nd quarter worth $304,000. Institutional investors and hedge funds own 17.62% of the company’s stock.

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.