Bank of America Corp DE Grows Stock Holdings in Taylor Devices, Inc. (NASDAQ:TAYD)

Bank of America Corp DE lifted its position in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 57.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,800 shares of the industrial products company’s stock after buying an additional 1,018 shares during the quarter. Bank of America Corp DE owned approximately 0.09% of Taylor Devices worth $117,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Taylor Devices by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 67,425 shares of the industrial products company’s stock valued at $2,807,000 after buying an additional 5,611 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Taylor Devices by 5.2% during the 4th quarter. Renaissance Technologies LLC now owns 48,462 shares of the industrial products company’s stock valued at $2,017,000 after buying an additional 2,400 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Taylor Devices by 28.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 45,772 shares of the industrial products company’s stock valued at $1,905,000 after acquiring an additional 10,224 shares during the last quarter. Northern Trust Corp increased its holdings in Taylor Devices by 16.8% in the 4th quarter. Northern Trust Corp now owns 27,587 shares of the industrial products company’s stock valued at $1,148,000 after acquiring an additional 3,958 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Taylor Devices by 23.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,505 shares of the industrial products company’s stock valued at $1,020,000 after acquiring an additional 4,700 shares during the last quarter. Hedge funds and other institutional investors own 17.62% of the company’s stock.

Insider Buying and Selling at Taylor Devices

In other Taylor Devices news, CEO Timothy John Sopko bought 1,000 shares of Taylor Devices stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average cost of $30.03 per share, for a total transaction of $30,030.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $300,300. This represents a 11.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 7.75% of the stock is currently owned by insiders.

Taylor Devices Stock Performance

Shares of NASDAQ TAYD opened at $37.15 on Tuesday. The company has a market cap of $116.54 million, a P/E ratio of 13.86 and a beta of 0.84. The firm’s fifty day moving average is $34.88 and its two-hundred day moving average is $35.25. Taylor Devices, Inc. has a 52-week low of $29.50 and a 52-week high of $64.50.

Taylor Devices (NASDAQ:TAYD) last announced its quarterly earnings results on Friday, March 28th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of $10.57 million for the quarter. Taylor Devices had a net margin of 19.99% and a return on equity of 17.04%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Taylor Devices from a “hold” rating to a “buy” rating in a report on Monday, March 31st.

Taylor Devices 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.