Taylor Devices (NASDAQ:TAYD – Get Free Report) posted its quarterly earnings data on Friday. The industrial products company reported $0.64 EPS for the quarter, Zacks reports. Taylor Devices had a net margin of 19.99% and a return on equity of 17.04%.
Taylor Devices Stock Up 4.2 %
Shares of TAYD opened at $33.24 on Friday. Taylor Devices has a twelve month low of $30.18 and a twelve month high of $64.50. The stock has a market capitalization of $104.24 million, a P/E ratio of 12.40 and a beta of 1.05. The company has a 50 day moving average of $32.45 and a 200-day moving average of $41.45.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Taylor Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd.
Insider Transactions at Taylor Devices
In related news, CEO Timothy John Sopko bought 1,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average price of $33.25 per share, with a total value of $33,250.00. Following the completion of the transaction, the chief executive officer now owns 9,000 shares in the company, valued at $299,250. The trade was a 12.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.75% of the stock is currently owned by insiders.
Taylor Devices Company Profile
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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