Timothy John Sopko Buys 1,000 Shares of Taylor Devices, Inc. (NASDAQ:TAYD) Stock

Taylor Devices, Inc. (NASDAQ:TAYD) CEO Timothy John Sopko acquired 1,000 shares of the stock in a transaction dated Monday, January 13th. The stock was acquired at an average cost of $33.25 per share, with a total value of $33,250.00. Following the transaction, the chief executive officer now directly owns 9,000 shares in the company, valued at approximately $299,250. This represents a 12.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Taylor Devices Trading Up 2.9 %

Shares of Taylor Devices stock opened at $33.98 on Thursday. Taylor Devices, Inc. has a 12-month low of $27.82 and a 12-month high of $64.50. The firm’s 50 day simple moving average is $42.97 and its two-hundred day simple moving average is $47.60. The firm has a market capitalization of $106.70 million, a price-to-earnings ratio of 12.68 and a beta of 1.06.

Taylor Devices (NASDAQ:TAYD) last issued its earnings results on Friday, January 3rd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter. Taylor Devices had a return on equity of 17.04% and a net margin of 19.99%. During the same period last year, the business posted $0.56 earnings per share.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Taylor Devices from a “hold” rating to a “buy” rating in a research note on Tuesday.

Hedge Funds Weigh In On Taylor Devices

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in shares of Taylor Devices in the second quarter worth $286,000. Rhumbline Advisers acquired a new stake in Taylor Devices during the 2nd quarter worth about $86,000. American Century Companies Inc. purchased a new position in shares of Taylor Devices during the 2nd quarter valued at about $1,206,000. Dimensional Fund Advisors LP lifted its holdings in shares of Taylor Devices by 22.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 32,290 shares of the industrial products company’s stock valued at $1,452,000 after buying an additional 5,890 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Taylor Devices in the second quarter worth about $546,000. Institutional investors and hedge funds 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.