Shares of Taylor Devices, Inc. (NASDAQ:TAYD - Get Free Report) passed 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 changing hands.
Analyst Ratings Changes
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.
View Our Latest Research Report on TAYD
Taylor Devices Stock Up 1.2%
The company has a market capitalization of $146.10 million, a price-to-earnings ratio of 18.61 and a beta of 0.87. The company has a 50-day moving average price of $40.91 and a 200-day moving average price of $35.62.
Institutional Investors Weigh In On Taylor Devices
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Taylor Devices by 9.1% during the fourth quarter. Geode Capital Management LLC now owns 67,425 shares of the industrial products company's stock valued at $2,807,000 after buying an additional 5,611 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Taylor Devices by 5.2% during the fourth quarter. Renaissance Technologies LLC now owns 48,462 shares of the industrial products company's stock valued at $2,017,000 after buying an additional 2,400 shares during the last quarter. Courier Capital LLC raised its position in shares of Taylor Devices by 1.0% during the first quarter. Courier Capital LLC now owns 48,221 shares of the industrial products company's stock valued at $1,556,000 after buying an additional 500 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Taylor Devices by 28.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 45,772 shares of the industrial products company's stock valued at $1,905,000 after buying an additional 10,224 shares during the last quarter. Finally, De Lisle Partners LLP raised its position in shares of Taylor Devices by 60.6% during the first quarter. De Lisle Partners LLP now owns 42,276 shares of the industrial products company's stock valued at $1,374,000 after buying an additional 15,950 shares during the last quarter. 17.62% of the stock is owned by institutional investors and hedge funds.
About Taylor Devices
(
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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.
Further Reading
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