Taylor Devices, Inc. (NASDAQ:TAYD - Get Free Report) Director Robert Michael Carey sold 5,000 shares of the firm's stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $56.73, for a total value of $283,650.00. Following the sale, the director owned 7,721 shares of the company's stock, valued at $438,012.33. This represents a 39.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Taylor Devices Price Performance
Shares of Taylor Devices stock opened at $55.50 on Friday. The business has a 50-day moving average of $68.76 and a 200-day moving average of $62.34. The company has a market capitalization of $178.71 million, a PE ratio of 16.82 and a beta of 1.12. Taylor Devices, Inc. has a 1-year low of $31.63 and a 1-year high of $90.37.
Taylor Devices (NASDAQ:TAYD - Get Free Report) last announced its earnings results on Tuesday, March 31st. The industrial products company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $11.17 million during the quarter, compared to the consensus estimate of $13.18 million. Taylor Devices had a return on equity of 15.77% and a net margin of 21.52%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on TAYD. Weiss Ratings downgraded Taylor Devices from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, April 6th. Wall Street Zen downgraded Taylor Devices from a "strong-buy" rating to a "hold" rating in a research report on Saturday, April 4th. Finally, Freedom Capital cut Taylor Devices from a "strong-buy" rating to a "hold" rating in a report on Monday, January 12th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Taylor Devices presently has an average rating of "Hold".
Get Our Latest Report on TAYD
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in shares of Taylor Devices by 68.2% during the fourth quarter. Royal Bank of Canada now owns 740 shares of the industrial products company's stock valued at $43,000 after buying an additional 300 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Taylor Devices by 253.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 727 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Taylor Devices by 16.3% in the 2nd quarter. Bank of America Corp DE now owns 2,153 shares of the industrial products company's stock valued at $93,000 after purchasing an additional 301 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Taylor Devices by 24.8% in the 1st quarter. Rhumbline Advisers now owns 2,357 shares of the industrial products company's stock valued at $76,000 after purchasing an additional 468 shares during the last quarter. Finally, Barclays PLC lifted its position in Taylor Devices by 621.0% during the 4th quarter. Barclays PLC now owns 3,533 shares of the industrial products company's stock worth $207,000 after acquiring an additional 3,043 shares during the last quarter. Hedge funds and other institutional investors own 17.62% of the company's stock.
Taylor Devices Company Profile
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Get Free Report)
Taylor Devices, Inc is an engineering firm headquartered in North Tonawanda, New York, specializing in the design, development and manufacture of motion control products and engineered fluid-handling devices. The company's core focus is on providing high-performance hydraulic dampers, fluid springs (also known as gas springs), shock absorbers and hydraulic accumulators that are used to manage energy and motion in a wide range of industrial and structural applications.
The company's product portfolio includes industrial shock absorbers designed to cushion and decelerate moving parts in manufacturing and test-and-measurement systems, fluid viscous dampers for seismic protection of buildings and bridges, and fluid spring devices that combine the properties of a gas spring and a hydraulic damper.
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