Rhumbline Advisers Makes New Investment in Taylor Devices, Inc. (NASDAQ:TAYD)

Rhumbline Advisers bought a new stake in Taylor Devices, Inc. (NASDAQ:TAYD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,911 shares of the industrial products company’s stock, valued at approximately $86,000. Rhumbline Advisers owned approximately 0.05% of Taylor Devices as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. LSV Asset Management bought a new position in Taylor Devices during the first quarter worth about $119,000. Vanguard Group Inc. boosted its holdings in Taylor Devices by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 56,441 shares of the industrial products company’s stock worth $2,809,000 after buying an additional 3,561 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in Taylor Devices in the 1st quarter valued at approximately $488,000. Bank of New York Mellon Corp purchased a new position in Taylor Devices in the 2nd quarter valued at approximately $286,000. Finally, Ritholtz Wealth Management raised its holdings in Taylor Devices by 123.9% during the 2nd quarter. Ritholtz Wealth Management now owns 9,220 shares of the industrial products company’s stock valued at $415,000 after acquiring an additional 5,103 shares during the period. Institutional investors own 17.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Taylor Devices from a “hold” rating to a “buy” rating in a research report on Monday.

Taylor Devices Price Performance

Shares of NASDAQ:TAYD opened at $49.92 on Tuesday. The firm has a fifty day moving average price of $53.26 and a two-hundred day moving average price of $49.59. The company has a market cap of $155.75 million, a price-to-earnings ratio of 20.05 and a beta of 1.03. Taylor Devices, Inc. has a one year low of $20.50 and a one year high of $64.50.

Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings data on Thursday, August 15th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter. Taylor Devices had a return on equity of 17.54% and a net margin of 20.18%. The company had revenue of $12.07 million during the quarter.

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.