Taylor Devices (NASDAQ:TAYD) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of Taylor Devices (NASDAQ:TAYD) from a buy rating to a strong-buy rating in a report issued on Tuesday morning.

Taylor Devices Stock Up 12.1 %

Shares of TAYD stock opened at $46.81 on Tuesday. The firm has a 50 day moving average of $46.18 and a 200-day moving average of $41.10. The company has a market cap of $164.77 million, a price-to-earnings ratio of 18.80 and a beta of 1.03. Taylor Devices has a 52 week low of $18.06 and a 52 week high of $61.69.

Institutional Investors Weigh In On Taylor Devices

Several hedge funds and other institutional investors have recently bought and sold shares of TAYD. LSV Asset Management bought a new position in shares of Taylor Devices during the 1st quarter worth about $119,000. Johnson Bixby & Associates LLC bought a new position in Taylor Devices in the first quarter worth approximately $373,000. O Shaughnessy Asset Management LLC acquired a new stake in Taylor Devices in the first quarter valued at approximately $488,000. National Wealth Management Group LLC bought a new stake in shares of Taylor Devices during the first quarter valued at approximately $590,000. Finally, Elkhorn Partners Limited Partnership raised its position in shares of Taylor Devices by 47.2% during the first quarter. Elkhorn Partners Limited Partnership now owns 26,205 shares of the industrial products company’s stock worth $1,304,000 after purchasing an additional 8,405 shares during the period. 17.62% of the stock is owned by institutional investors.

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.