Taylor Devices (NASDAQ:TAYD) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• Investment analysts at Weiss Ratings have reissued a "hold (C+)" rating for Taylor Devices (NASDAQ:TAYD), while Wall Street Zen downgraded its rating from "strong-buy" to "buy".
• Taylor Devices reported an EPS of $0.70 for the last quarter, slightly surpassing estimates, but its revenue of $9.92 million fell short of expectations of $13.10 million.
• Institutional investors now hold 17.62% of Taylor Devices’ stock, with recent investments including Ameriprise Financial acquiring approximately $4.36 million in shares.

Taylor Devices (NASDAQ:TAYD - Get Free Report)'s stock had its "hold (c+)" rating reissued by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded 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, According to data from MarketBeat.com, the stock currently has an average rating of "Hold".

Taylor Devices Price Performance

Shares of NASDAQ:TAYD opened at $42.10 on Wednesday. The firm has a market capitalization of $132.62 million, a P/E ratio of 14.77 and a beta of 0.97. Taylor Devices has a 12 month low of $29.50 and a 12 month high of $53.73. The company's fifty day moving average price is $46.43 and its 200 day moving average price is $40.64.

Taylor Devices (NASDAQ:TAYD - Get Free Report) last posted its quarterly earnings data on Wednesday, October 1st. The industrial products company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. The company had revenue of $9.92 million for 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 Inflows and Outflows

Large investors have recently modified their holdings of the business. Ameriprise Financial Inc. acquired a new stake in shares of Taylor Devices during the second quarter worth approximately $4,361,000. RBF Capital LLC acquired a new stake in shares of Taylor Devices in the second quarter worth $1,085,000. Martin & Co. Inc. TN acquired a new stake in shares of Taylor Devices in the second quarter worth $817,000. De Lisle Partners LLP lifted its stake in shares of Taylor Devices by 60.6% in the first quarter. De Lisle Partners LLP now owns 42,276 shares of the industrial products company's stock worth $1,374,000 after buying an additional 15,950 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Taylor Devices during the second quarter worth $304,000. 17.62% of the stock is currently owned by institutional investors.

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.

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