Director Fritz Eric Armenat disposed of all of his direct holdings in Taylor Devices, Inc. (NASDAQ:TAYD), selling 4,328 common shares for aggregate proceeds of $311,386, per a Form 4 filed with the Securities and Exchange Commission.
The transactions took place over two sessions. On January 22, 2026, Armenat sold 2,800 shares at $71.773 per share. The following day he completed three sales: 528 shares at $72.103, 300 shares at $71.19, and 700 shares at $72.85. The per-share prices for the trades ranged from $71.19 to $72.85.
After these dispositions, Armenat directly holds 0 shares of Taylor Devices.
Taylor Devices' stock has been a strong performer over the past year, rising approximately 115%. At the time of the disclosure the share price stood at $72.91, close to the 52-week high of $75.
Independent valuation metrics cited in the filing’s accompanying data indicate the company is trading above its Fair Value, with a reported price-to-earnings ratio of 24.44 as provided by InvestingPro.
Financial-condition metrics referenced alongside the transaction show Taylor Devices with more cash than debt and a current ratio of 10.02, per InvestingPro, which is noted to offer 12 additional insights on the company.
Separately, Freedom Capital Markets adjusted its recommendation on Taylor Devices, moving the stock from a Buy to a Hold rating. That change followed the company’s fiscal second-quarter 2026 report, which Freedom described as "broadly in line" with expectations and as an improvement versus the prior year. At the same time, Freedom raised its price target to $70.00 from $48.00.
These developments - a director's complete divestment, a valuation assessment indicating the shares trade above Fair Value, and a shift in analyst sentiment that paired a downgrade with a higher price target - present a mix of signals for market participants tracking insider activity and third-party assessments.
Contextual note: Information about the insider sales, valuation figures, liquidity metrics, and the analyst rating change are drawn from the filings and the referenced InvestingPro and Freedom Capital Markets observations contained in the same disclosure.