Taylor Devices, Inc. (NASDAQ:TAYD) CEO Timothy John Sopko Purchases 1,000 Shares

Taylor Devices, Inc. (NASDAQ:TAYD) CEO Timothy John Sopko bought 1,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average cost of $33.25 per share, for a total transaction of $33,250.00. Following the completion of the transaction, the chief executive officer now owns 9,000 shares of the company’s stock, valued at approximately $299,250. The trade was a 12.50 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Taylor Devices Stock Performance

Shares of NASDAQ TAYD traded down $0.20 during midday trading on Tuesday, hitting $33.01. The company’s stock had a trading volume of 31,064 shares, compared to its average volume of 49,383. The firm’s fifty day moving average price is $43.22 and its 200-day moving average price is $47.69. Taylor Devices, Inc. has a 1-year low of $27.82 and a 1-year high of $64.50. The firm has a market cap of $103.52 million, a P/E ratio of 11.38 and a beta of 1.06.

Taylor Devices (NASDAQ:TAYD) last released its quarterly earnings results on Friday, January 3rd. The industrial products company reported $0.34 EPS for the quarter. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%. During the same quarter last year, the company earned $0.56 earnings per share.

Institutional Investors Weigh In On Taylor Devices

Several hedge funds and other institutional investors have recently bought and sold shares of TAYD. Janney Montgomery Scott LLC lifted its position in shares of Taylor Devices by 0.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 134,981 shares of the industrial products company’s stock valued at $6,738,000 after acquiring an additional 871 shares during the last quarter. Geode Capital Management LLC raised its position in Taylor Devices by 6.2% during the third quarter. Geode Capital Management LLC now owns 61,814 shares of the industrial products company’s stock valued at $3,087,000 after acquiring an additional 3,636 shares in the last quarter. Courier Capital LLC lifted its stake in shares of Taylor Devices by 19.3% in the 4th quarter. Courier Capital LLC now owns 47,721 shares of the industrial products company’s stock valued at $1,986,000 after purchasing an additional 7,721 shares during the last quarter. State Street Corp raised its stake in shares of Taylor Devices by 17.0% in the 3rd quarter. State Street Corp now owns 35,532 shares of the industrial products company’s stock valued at $1,774,000 after acquiring an additional 5,171 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Taylor Devices by 22.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 32,290 shares of the industrial products company’s stock worth $1,452,000 after acquiring an additional 5,890 shares during the last quarter. 17.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.