Taylor Devices (NASDAQ:TAYD) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Taylor Devices (NASDAQ:TAYD) from a buy rating to a hold rating in a research report report published on Monday morning.

Separately, Weiss Ratings lowered Taylor Devices from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Taylor Devices Trading Up 2.3%

TAYD stock opened at $52.50 on Monday. The stock has a 50-day moving average price of $55.17 and a two-hundred day moving average price of $63.67. Taylor Devices has a 12-month low of $40.50 and a 12-month high of $90.37. The company has a market cap of $169.05 million, a PE ratio of 15.91 and a beta of 0.94.

Institutional Investors Weigh In On Taylor Devices

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Taylor Devices by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 151,867 shares of the industrial products company’s stock valued at $7,451,000 after purchasing an additional 3,121 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Taylor Devices during the second quarter worth approximately $4,361,000. Dimensional Fund Advisors LP grew its position in shares of Taylor Devices by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 69,543 shares of the industrial products company’s stock worth $4,067,000 after buying an additional 217 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in shares of Taylor Devices by 2.6% during the third quarter. Punch & Associates Investment Management Inc. now owns 51,325 shares of the industrial products company’s stock worth $2,518,000 after buying an additional 1,325 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Taylor Devices by 12.5% in the first quarter. Renaissance Technologies LLC now owns 49,662 shares of the industrial products company’s stock worth $2,831,000 after buying an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 17.62% of the company’s stock.

About Taylor Devices

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.