Courier Capital LLC Increases Stock Holdings in Taylor Devices, Inc. (NASDAQ:TAYD)

Courier Capital LLC raised its position in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 16.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,000 shares of the industrial products company’s stock after purchasing an additional 5,000 shares during the quarter. Courier Capital LLC owned 1.00% of Taylor Devices worth $701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TAYD. Geode Capital Management LLC bought a new position in Taylor Devices in the 1st quarter worth $351,000. Renaissance Technologies LLC increased its position in Taylor Devices by 37.8% in the first quarter. Renaissance Technologies LLC now owns 45,562 shares of the industrial products company’s stock worth $913,000 after buying an additional 12,500 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Taylor Devices in the third quarter worth about $105,000. Morgan Stanley lifted its position in shares of Taylor Devices by 34.0% during the 4th quarter. Morgan Stanley now owns 7,743 shares of the industrial products company’s stock valued at $110,000 after buying an additional 1,965 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Taylor Devices during the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 16.64% of the company’s stock.

Taylor Devices Stock Performance

Shares of Taylor Devices stock opened at $21.42 on Thursday. Taylor Devices, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $26.40. The company has a market capitalization of $75.42 million, a P/E ratio of 24.52 and a beta of 0.88. The company has a fifty day moving average of $22.60 and a 200 day moving average of $20.97.

Taylor Devices (NASDAQ:TAYD) last announced its quarterly earnings data on Tuesday, August 15th. The industrial products company reported $0.59 EPS for the quarter. The business had revenue of $10.72 million for the quarter. Taylor Devices had a return on equity of 13.37% and a net margin of 15.64%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Taylor Devices in a research note on Thursday, August 17th. They set a “buy” rating on the stock.

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.