Taylor Devices (NASDAQ:TAYD) Stock Passes Above Two Hundred Day Moving Average of $39.86

Taylor Devices, Inc. (NASDAQ:TAYD) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.86 and traded as high as $45.68. Taylor Devices shares last traded at $44.98, with a volume of 310,784 shares.

Analysts Set New Price Targets

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

Taylor Devices Stock Up 7.2 %

The stock has a market cap of $158.33 million, a price-to-earnings ratio of 18.06 and a beta of 1.01. The company has a 50 day simple moving average of $47.65 and a 200 day simple moving average of $39.97.

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

Institutional Trading of Taylor Devices

Several hedge funds and other institutional investors have recently made changes to their positions in TAYD. Janney Montgomery Scott LLC grew its holdings in shares of 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 worth $2,992,000 after purchasing an additional 500 shares during the last quarter. Johnson Bixby & Associates LLC bought a new stake in shares of Taylor Devices during the first quarter worth about $373,000. LSV Asset Management bought a new stake in shares of Taylor Devices during the first quarter worth about $119,000. Vanguard Group Inc. grew its holdings in shares of Taylor Devices by 6.7% during the first 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 during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Taylor Devices during the first quarter worth about $488,000. 17.62% of the stock is currently owned by institutional investors.

About Taylor Devices

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.