Taylor Devices, Inc. (NASDAQ:TAYD - Get Free Report) CEO Timothy John Sopko bought 1,000 shares of Taylor Devices stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average cost of $30.03 per share, for a total transaction of $30,030.00. Following the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at $300,300. The trade was a 11.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Taylor Devices Stock Performance
Shares of NASDAQ:TAYD opened at $30.94 on Friday. The company's fifty day moving average is $31.83 and its two-hundred day moving average is $38.03. Taylor Devices, Inc. has a 1-year low of $29.50 and a 1-year high of $64.50. The stock has a market capitalization of $97.06 million, a price-to-earnings ratio of 11.54 and a beta of 0.91.
Taylor Devices (NASDAQ:TAYD - Get Free Report) last released its quarterly earnings data on Friday, March 28th. The industrial products company reported $0.64 earnings per share for the quarter. Taylor Devices had a net margin of 19.99% and a return on equity of 17.04%. The firm had revenue of $10.57 million for the quarter.
Analyst Ratings Changes
Separately, StockNews.com raised Taylor Devices from a "hold" rating to a "buy" rating in a research report on Monday, March 31st.
Read Our Latest Report on TAYD
Institutional Trading of Taylor Devices
Several hedge funds have recently made changes to their positions in the stock. State Street Corp grew its stake in Taylor Devices by 17.0% during the 3rd quarter. State Street Corp now owns 35,532 shares of the industrial products company's stock worth $1,774,000 after buying an additional 5,171 shares during the last quarter. Barclays PLC boosted its holdings in shares of Taylor Devices by 325.6% during the third quarter. Barclays PLC now owns 3,426 shares of the industrial products company's stock valued at $172,000 after acquiring an additional 2,621 shares during the period. Geode Capital Management LLC grew its position in shares of 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 worth $3,087,000 after acquiring an additional 3,636 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Taylor Devices by 33.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 16,146 shares of the industrial products company's stock worth $798,000 after acquiring an additional 4,010 shares during the period. Finally, Courier Capital LLC increased its holdings 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 worth $1,986,000 after acquiring an additional 7,721 shares during the period. Institutional investors own 17.62% of the company's stock.
Taylor Devices Company Profile
(
Get Free Report)
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.
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