Taylor Devices, Inc. (NASDAQ:TAYD) CEO Buys $33,250.00 in Stock

Taylor Devices, Inc. (NASDAQ:TAYD) CEO Timothy John Sopko acquired 1,000 shares of the business’s stock in a transaction that occurred on 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 completion of the purchase, the chief executive officer now directly owns 9,000 shares in the company, valued at $299,250. This represents a 12.50 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Taylor Devices Price Performance

Shares of TAYD opened at $34.23 on Friday. The company has a market capitalization of $107.48 million, a PE ratio of 12.77 and a beta of 1.06. Taylor Devices, Inc. has a one year low of $27.82 and a one year high of $64.50. The company’s fifty day moving average price is $42.59 and its 200 day moving average price is $47.51.

Taylor Devices (NASDAQ:TAYD) last issued its quarterly earnings results on Friday, January 3rd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter. Taylor Devices had a return on equity of 17.04% and a net margin of 19.99%. During the same period in the prior year, the company earned $0.56 EPS.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. American Century Companies Inc. acquired a new stake in shares of Taylor Devices in the second quarter worth $1,206,000. Scalar Gauge Management LLC acquired a new stake in Taylor Devices in the 3rd quarter worth $681,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Taylor Devices during the 2nd quarter worth about $546,000. Courier Capital LLC raised its position in shares of Taylor Devices by 19.3% during the fourth quarter. Courier Capital LLC now owns 47,721 shares of the industrial products company’s stock valued at $1,986,000 after buying an additional 7,721 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Taylor Devices in the second quarter valued at about $286,000. 17.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Taylor Devices from a “hold” rating to a “buy” rating in a research report on Tuesday.

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.