GAMMA Investing LLC Increases Stock Position in Taylor Devices, Inc. (NASDAQ:TAYD)

GAMMA Investing LLC raised its position in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 3,746.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,000 shares of the industrial products company’s stock after buying an additional 974 shares during the quarter. GAMMA Investing LLC’s holdings in Taylor Devices were worth $31,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in Taylor Devices by 57.1% during the fourth quarter. Bank of America Corp DE now owns 2,800 shares of the industrial products company’s stock valued at $117,000 after buying an additional 1,018 shares during the period. Barclays PLC lifted its stake in shares of Taylor Devices by 33.9% in the fourth quarter. Barclays PLC now owns 4,588 shares of the industrial products company’s stock worth $191,000 after buying an additional 1,162 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Taylor Devices by 80.6% during the fourth quarter. Wells Fargo & Company MN now owns 4,754 shares of the industrial products company’s stock valued at $198,000 after buying an additional 2,121 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Taylor Devices by 577.9% in the 4th quarter. JPMorgan Chase & Co. now owns 7,010 shares of the industrial products company’s stock worth $292,000 after acquiring an additional 5,976 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Taylor Devices by 18.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,964 shares of the industrial products company’s stock valued at $373,000 after purchasing an additional 1,366 shares during the last quarter. Hedge funds and other institutional investors own 17.62% of the company’s stock.

Taylor Devices Stock Up 0.0%

Shares of Taylor Devices stock opened at $42.17 on Friday. Taylor Devices, Inc. has a twelve month low of $29.50 and a twelve month high of $64.50. The company’s 50 day moving average is $36.13 and its 200 day moving average is $35.04. The company has a market cap of $132.41 million, a price-to-earnings ratio of 16.87 and a beta of 0.84.

Taylor Devices (NASDAQ:TAYD) last released its quarterly earnings results on Friday, March 28th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of $10.57 million for the quarter. Taylor Devices had a return on equity of 14.99% and a net margin of 19.16%.

Analyst Ratings Changes

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

Insider Buying and Selling at Taylor Devices

In other Taylor Devices news, CEO Timothy John Sopko acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The stock was purchased at an average price of $30.03 per share, with a total value of $30,030.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $300,300. The trade was a 11.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.75% of the stock is owned by corporate insiders.

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.