Taylor Devices (NASDAQ:TAYD) Director Robert Michael Carey Sells 5,000 Shares

Taylor Devices, Inc. (NASDAQ:TAYD) Director Robert Michael Carey sold 5,000 shares of Taylor Devices stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $56.73, for a total value of $283,650.00. Following the completion of the transaction, the director owned 7,721 shares of the company’s stock, valued at approximately $438,012.33. This trade represents a 39.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Taylor Devices Trading Up 1.1%

NASDAQ:TAYD opened at $55.50 on Friday. The firm has a market cap of $178.71 million, a PE ratio of 16.82 and a beta of 1.12. The stock has a fifty day moving average price of $68.76 and a 200 day moving average price of $62.34. Taylor Devices, Inc. has a 12-month low of $31.63 and a 12-month high of $90.37.

Taylor Devices (NASDAQ:TAYD) last announced its quarterly earnings results on Tuesday, March 31st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%.

Institutional Investors Weigh In On Taylor Devices

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in Taylor Devices by 68.2% in the 4th 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 grew its position in Taylor Devices by 253.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 727 shares during the period. Bank of America Corp DE grew its position in Taylor Devices by 16.3% during the second quarter. Bank of America Corp DE now owns 2,153 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 301 shares during the period. Rhumbline Advisers grew its position in Taylor Devices by 24.8% during the first quarter. Rhumbline Advisers now owns 2,357 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 468 shares during the period. Finally, Barclays PLC grew its position in Taylor Devices by 621.0% during the fourth quarter. Barclays PLC now owns 3,533 shares of the industrial products company’s stock valued at $207,000 after acquiring an additional 3,043 shares during the period. Hedge funds and other institutional investors own 17.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TAYD. Wall Street Zen cut Taylor Devices from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 4th. Freedom Capital cut Taylor Devices from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Weiss Ratings lowered Taylor Devices from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Taylor Devices Company Profile

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.