Taylor Devices (NASDAQ:TAYD) Issues 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 return on equity of 17.04% and a net margin of 19.99%.

Taylor Devices Trading Down 0.2 %

TAYD opened at $31.85 on Friday. Taylor Devices has a twelve month low of $30.18 and a twelve month high of $64.50. The firm has a market cap of $99.88 million, a price-to-earnings ratio of 11.88 and a beta of 1.05. The company has a fifty day simple moving average of $32.46 and a 200 day simple moving average of $41.60.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Taylor Devices news, CEO Timothy John Sopko bought 1,000 shares of Taylor Devices stock in a transaction dated Monday, January 13th. The stock was bought at an average cost of $33.25 per share, for a total transaction of $33,250.00. Following the purchase, the chief executive officer now owns 9,000 shares in the company, valued at $299,250. This represents a 12.50 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.75% of the stock is currently owned by company insiders.

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.