Taylor Devices (NASDAQ:TAYD) Announces Quarterly Earnings Results

Taylor Devices (NASDAQ:TAYD) issued its quarterly earnings data on Friday. The industrial products company reported $0.64 EPS for the quarter, Zacks reports. Taylor Devices had a net margin of 19.99% and a return on equity of 17.04%.

Taylor Devices Stock Up 4.2 %

NASDAQ:TAYD opened at $33.24 on Friday. Taylor Devices has a 12-month low of $30.18 and a 12-month high of $64.50. The stock’s fifty day simple moving average is $32.45 and its 200-day simple moving average is $41.45. The firm has a market capitalization of $104.24 million, a P/E ratio of 12.40 and a beta of 1.05.

Insider Activity at Taylor Devices

In other news, CEO Timothy John Sopko purchased 1,000 shares of Taylor Devices stock in a transaction dated Monday, January 13th. The shares were bought at an average cost of $33.25 per share, with a total value of $33,250.00. Following the completion of the transaction, the chief executive officer now directly owns 9,000 shares in the company, valued at $299,250. This trade represents a 12.50 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 7.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Taylor Devices from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd.

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.