Taylor Devices (NASDAQ:TAYD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Taylor Devices (NASDAQ:TAYD) from a hold rating to a buy rating in a research note published on Sunday.

Separately, Weiss Ratings cut Taylor Devices from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Taylor Devices has an average rating of “Hold”.

Taylor Devices Stock Performance

Shares of NASDAQ:TAYD opened at $55.77 on Friday. The company has a 50-day simple moving average of $55.05 and a 200-day simple moving average of $64.14. Taylor Devices has a one year low of $40.50 and a one year high of $90.37. The stock has a market capitalization of $179.58 million, a price-to-earnings ratio of 16.90 and a beta of 0.92.

Institutional Trading of Taylor Devices

Several hedge funds and other institutional investors have recently made changes to their positions in TAYD. Royal Bank of Canada lifted its position in Taylor Devices by 68.2% in the fourth quarter. Royal Bank of Canada now owns 740 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 300 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Taylor Devices by 253.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock worth $44,000 after buying an additional 727 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Taylor Devices by 16.3% during the 2nd quarter. Bank of America Corp DE now owns 2,153 shares of the industrial products company’s stock worth $93,000 after buying an additional 301 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Taylor Devices by 24.8% in the 1st quarter. Rhumbline Advisers now owns 2,357 shares of the industrial products company’s stock valued at $76,000 after buying an additional 468 shares during the period. Finally, Barclays PLC boosted its stake in shares of Taylor Devices by 621.0% in the fourth quarter. Barclays PLC now owns 3,533 shares of the industrial products company’s stock valued at $207,000 after buying an additional 3,043 shares in the last quarter. Hedge funds and other institutional investors own 17.62% of the company’s stock.

Taylor Devices Company Profile

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.