Taylor Devices approves three proposals. Freedom Broker cuts target for Taylor Devices stock

Published on 10/21/2026 at 06:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 sales fell to USD 7.30 million from USD 9.92 million. Taylor Devices stock carries a USD 65.00 target, cut from USD 70.00 on October 13, 2026.

Governance and operating signals

On October 16, 2026, shareholders approved all three management proposals.
Taylor Devices reported a USD 55.20 million firm backlog for the first quarter.
Taylor Devices stock was priced at USD 55.00 on October 20, 2026 at 4:00 p.m. EDT.

TAYD, US8771631053, Illustration mit AI erstellt.

Taylor Devices (ISIN US8771631053) won approval for all three management proposals at its annual meeting on October 16, 2026. The vote followed a weak first quarter, while MarketBeat reported on October 13, 2026 that Freedom Broker cut its target from USD 70.00 to USD 65.00 and downgraded the stock from Buy to Hold.

Three votes reinforce board continuity

TipRanks reported that shareholders approved the election of Timothy J. Sopko as a Class 2 director for a term ending in 2029, ratified Lumsden & McCormick as auditor for the fiscal year ending May 31, 2027, and approved executive compensation on a non-binding basis. The three approvals provide governance continuity, but they do not change the near-term earnings picture.

What does the backlog mean for margins?

The key operating figure is the USD 55.20 million firm backlog reported for fiscal first-quarter 2027. That record backlog exceeded the USD 52.80 million backlog at the end of fiscal 2026, yet sales fell to USD 7.30 million from USD 9.92 million in the year-earlier quarter. The timing of backlog conversion is therefore central to the investment case.

Results show a sharp earnings reset

In the three months ended August 31, 2026, net earnings dropped to USD 456,933 from USD 2.19 million a year earlier, while earnings per share fell to USD 0.14 from USD 0.70. Taylor Devices attributed the pressure to delayed sales recognition, product mix and new product development costs. The company also said structural markets faced higher interest costs and unfavorable foreign exchange rates, while aerospace and defense markets benefited from demand linked to global unrest.

Three dated developments

On October 2, 2026, Taylor Devices reported fiscal first-quarter sales of USD 7.30 million and net earnings of USD 456,933. On October 13, 2026, Freedom Broker lowered its target from USD 70.00 to USD 65.00. On October 16, 2026, shareholders approved all three management proposals, including the director election and auditor ratification.

Next reporting date

MarketBeat lists December 30, 2026 as the estimated date for fiscal second-quarter 2027 results. The date is an estimate rather than a company-confirmed calendar entry.

US quote remains the market reference

Taylor Devices is listed on Nasdaq under ticker TAYD, according to the company's investor information page. The stock price was USD 55.00 on October 20, 2026 at 4:00 p.m. EDT. Investors are weighing the record backlog against the slower conversion into revenue and the lower analyst target.