Taylor Devices, Inc. (NASDAQ:TAYD) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 261.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,096 shares of the industrial products company’s stock after purchasing an additional 2,239 shares during the quarter. BNP Paribas Financial Markets owned 0.10% of Taylor Devices worth $155,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. acquired a new stake in shares of Taylor Devices in the second quarter worth $1,206,000. B. Riley Wealth Advisors Inc. purchased a new position in Taylor Devices in the second quarter valued at about $546,000. Bank of New York Mellon Corp acquired a new position in shares of Taylor Devices during the second quarter worth about $286,000. Dimensional Fund Advisors LP boosted its position in shares of Taylor Devices by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 32,290 shares of the industrial products company’s stock worth $1,452,000 after buying an additional 5,890 shares during the period. Finally, LSV Asset Management grew its position in Taylor Devices by 239.5% in the second quarter. LSV Asset Management now owns 8,149 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 5,749 shares in the last quarter. Hedge funds and other institutional investors own 17.62% of the company’s stock.

Taylor Devices Stock Performance

NASDAQ:TAYD opened at $42.99 on Wednesday. Taylor Devices, Inc. has a one year low of $21.99 and a one year high of $64.50. The business’s 50-day simple moving average is $46.16 and its 200 day simple moving average is $48.38. The stock has a market cap of $134.09 million, a price-to-earnings ratio of 14.82 and a beta of 1.03.

Taylor Devices (NASDAQ:TAYD) last released its earnings results on Friday, September 27th. The industrial products company reported $0.85 EPS for the quarter. Taylor Devices had a return on equity of 18.95% and a net margin of 21.22%. The company had revenue of $11.62 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Taylor Devices from a “buy” rating to a “strong-buy” rating in a report on Monday, November 18th.

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.