Taylor Devices, Inc. (NASDAQ:TAYD - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $35.21 and traded as high as $47.47. Taylor Devices shares last traded at $46.61, with a volume of 8,737 shares.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Taylor Devices from a "hold" rating to a "buy" rating in a research note on Monday, March 31st.
Get Our Latest Stock Report on TAYD
Taylor Devices Price Performance
The company has a market capitalization of $146.36 million, a price-to-earnings ratio of 18.64 and a beta of 0.87. The firm's fifty day moving average price is $40.13 and its 200-day moving average price is $35.21.
Institutional Trading of Taylor Devices
Large investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its position in 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 acquiring an additional 468 shares in the last quarter. De Lisle Partners LLP lifted its position in Taylor Devices by 60.6% in the 1st quarter. De Lisle Partners LLP now owns 42,276 shares of the industrial products company's stock valued at $1,374,000 after acquiring an additional 15,950 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Taylor Devices in the 1st quarter valued at about $212,000. Courier Capital LLC lifted its position in Taylor Devices by 1.0% in the 1st quarter. Courier Capital LLC now owns 48,221 shares of the industrial products company's stock valued at $1,556,000 after acquiring an additional 500 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Taylor Devices by 3,746.2% in the 1st quarter. GAMMA Investing LLC now owns 1,000 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 974 shares in the last quarter. 17.62% of the stock is currently owned by institutional investors and hedge funds.
Taylor Devices Company Profile
(
Get Free Report)
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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