Taylor Devices (NASDAQ:TAYD) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Taylor Devices (NASDAQ:TAYD) from a strong-buy rating to a hold rating in a report released on Saturday morning.

Several other analysts also recently weighed in on TAYD. Weiss Ratings upgraded shares of Taylor Devices from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Freedom Capital downgraded shares of Taylor Devices from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Taylor Devices presently has an average rating of “Moderate Buy”.

Taylor Devices Trading Down 12.0%

Shares of NASDAQ:TAYD opened at $50.56 on Friday. The company has a market capitalization of $162.80 million, a PE ratio of 15.32 and a beta of 1.12. Taylor Devices has a twelve month low of $29.50 and a twelve month high of $90.37. The firm has a 50 day simple moving average of $77.38 and a 200-day simple moving average of $61.47.

Taylor Devices (NASDAQ:TAYD) last issued its quarterly earnings data on Tuesday, March 31st. The industrial products company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $11.17 million during the quarter, compared to the consensus estimate of $13.18 million. Taylor Devices had a net margin of 21.52% and a return on equity of 15.77%.

Hedge Funds Weigh In On Taylor Devices

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Taylor Devices by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 151,867 shares of the industrial products company’s stock valued at $7,451,000 after buying an additional 3,121 shares during the period. Ameriprise Financial Inc. acquired a new position in Taylor Devices in the 2nd quarter valued at $4,361,000. Dimensional Fund Advisors LP increased its stake in Taylor Devices by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 69,543 shares of the industrial products company’s stock valued at $4,067,000 after buying an additional 217 shares during the period. Punch & Associates Investment Management Inc. increased its stake in Taylor Devices by 2.7% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 51,325 shares of the industrial products company’s stock valued at $2,518,000 after buying an additional 1,325 shares during the period. Finally, Martin & Co. Inc. TN increased its stake in Taylor Devices by 64.8% in the 4th quarter. Martin & Co. Inc. TN now owns 45,382 shares of the industrial products company’s stock valued at $2,653,000 after buying an additional 17,846 shares during the period. 17.62% of the stock is owned by institutional investors and hedge funds.

About Taylor Devices

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.