Taylor Devices (NASDAQ:TAYD) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Taylor Devices (NASDAQ:TAYD – Get Rating) in a research report released on Thursday. The brokerage issued a strong-buy rating on the industrial products company’s stock.

Taylor Devices Trading Up 3.9 %

Shares of TAYD opened at $16.74 on Thursday. Taylor Devices has a twelve month low of $8.13 and a twelve month high of $17.21. The stock’s 50 day moving average is $15.79 and its two-hundred day moving average is $13.13. The firm has a market capitalization of $58.59 million, a PE ratio of 19.02 and a beta of 0.77.

Institutional Investors Weigh In On Taylor Devices

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in shares of Taylor Devices by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 38,862 shares of the industrial products company’s stock valued at $338,000 after acquiring an additional 2,300 shares during the period. Elkhorn Partners Limited Partnership lifted its position in shares of Taylor Devices by 5.1% during the 3rd quarter. Elkhorn Partners Limited Partnership now owns 36,270 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 1,770 shares during the period. Courier Capital LLC lifted its position in shares of Taylor Devices by 9.1% during the 4th quarter. Courier Capital LLC now owns 30,000 shares of the industrial products company’s stock valued at $426,000 after acquiring an additional 2,500 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Taylor Devices by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,012 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 715 shares during the period. Finally, Morgan Stanley lifted its position in shares of Taylor Devices by 34.0% during the 4th quarter. Morgan Stanley now owns 7,743 shares of the industrial products company’s stock valued at $110,000 after acquiring an additional 1,965 shares during the period. Hedge funds and other institutional investors own 19.11% of the company’s stock.

Taylor Devices Company Profile

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Taylor Devices, Inc engages in the design, development, manufacture, and marketing of shock absorption, rate control, and energy storage devices. Its products include metal bellows dampers, fluid viscous dampers, landing and arresting gear, pumpkin mounts, isolation systems, custom applications, crane buffers, shock absorbers, liquid die springs, lock up devices, and machined springs.