Taylor Devices (NASDAQ:TAYD) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Taylor Devices, Inc. (NASDAQ:TAYD - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.04 and traded as high as $45.76. Taylor Devices shares last traded at $44.42, with a volume of 7,114 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Taylor Devices from a "hold" rating to a "buy" rating in a research note on Monday, March 31st.

Taylor Devices Stock Performance

The company's 50 day moving average price is $38.30 and its 200-day moving average price is $35.05. The company has a market cap of $142.18 million, a price-to-earnings ratio of 18.11 and a beta of 0.87.

Insider Buying and Selling at Taylor Devices

In other news, CEO Timothy John Sopko bought 1,000 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were acquired at an average cost of $30.03 per share, with a total value of $30,030.00. Following the completion of the transaction, the chief executive officer directly owned 10,000 shares in the company, valued at approximately $300,300. The trade was a 11.11% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.75% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Taylor Devices by 3,746.2% in the first quarter. GAMMA Investing LLC now owns 1,000 shares of the industrial products company's stock worth $31,000 after acquiring an additional 974 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Taylor Devices by 24.8% during the first quarter. Rhumbline Advisers now owns 2,357 shares of the industrial products company's stock worth $76,000 after purchasing an additional 468 shares during the period. Bank of America Corp DE boosted its holdings in shares of Taylor Devices by 57.1% during the fourth quarter. Bank of America Corp DE now owns 2,800 shares of the industrial products company's stock worth $117,000 after purchasing an additional 1,018 shares during the period. Barclays PLC boosted its holdings in shares of Taylor Devices by 33.9% during the fourth quarter. Barclays PLC now owns 4,588 shares of the industrial products company's stock worth $191,000 after purchasing an additional 1,162 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Taylor Devices by 80.6% during the fourth quarter. Wells Fargo & Company MN now owns 4,754 shares of the industrial products company's stock worth $198,000 after purchasing an additional 2,121 shares during the period. 17.62% of the stock is owned by hedge funds and other 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.