Taylor Devices (NASDAQ:TAYD) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Shares of Taylor Devices, Inc. (NASDAQ:TAYD - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $35.62 and traded as high as $36.82. Taylor Devices shares last traded at $36.53, with a volume of 6,280 shares.

Wall Street Analysts Forecast Growth

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

Taylor Devices Stock Down 3.1%

The company has a market cap of $111.27 million, a price-to-earnings ratio of 13.24 and a beta of 0.84. The business has a 50-day simple moving average of $34.68 and a two-hundred day simple moving average of $35.55.

Taylor Devices (NASDAQ:TAYD - Get Free Report) last posted its earnings results on Friday, March 28th. The industrial products company reported $0.64 earnings per share for the quarter. Taylor Devices had a return on equity of 17.04% and a net margin of 19.99%. The firm had revenue of $10.57 million during the quarter.

Insider Buying and Selling

In other Taylor Devices news, CEO Timothy John Sopko purchased 1,000 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were bought at an average cost of $30.03 per share, with a total value of $30,030.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $300,300. This represents a 11.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 7.75% of the stock is owned by insiders.

Hedge Funds Weigh In On Taylor Devices

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew 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 worth $31,000 after purchasing an additional 974 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Taylor Devices by 24.8% in the first 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. Bank of America Corp DE increased its stake in 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 valued at $117,000 after acquiring an additional 1,018 shares during the period. Barclays PLC lifted its position in shares of Taylor Devices by 33.9% in the 4th quarter. Barclays PLC now owns 4,588 shares of the industrial products company's stock worth $191,000 after acquiring an additional 1,162 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Taylor Devices by 80.6% in the 4th quarter. Wells Fargo & Company MN now owns 4,754 shares of the industrial products company's stock worth $198,000 after acquiring an additional 2,121 shares during the period. Institutional investors own 17.62% of the company's stock.

About Taylor Devices

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.