Taylor Devices (NASDAQ:TAYD) Announces Quarterly Earnings Results

Taylor Devices (NASDAQ:TAYD) announced its quarterly earnings data on Friday. The industrial products company reported $0.64 earnings per share for the quarter, Zacks reports. Taylor Devices had a return on equity of 17.04% and a net margin of 19.99%.

Taylor Devices Stock Performance

Shares of NASDAQ:TAYD opened at $31.85 on Friday. Taylor Devices has a 1-year low of $30.18 and a 1-year high of $64.50. The company’s fifty day moving average is $32.46 and its two-hundred day moving average is $41.60. The stock has a market capitalization of $99.88 million, a price-to-earnings ratio of 11.88 and a beta of 1.05.

Analysts Set New Price Targets

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

Insider Activity at Taylor Devices

In related news, CEO Timothy John Sopko purchased 1,000 shares of the business’s 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 acquisition, the chief executive officer now owns 9,000 shares in the company, valued at approximately $299,250. This trade represents a 12.50 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 7.75% of the company’s stock.

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.