Taylor Devices, Inc. (NASDAQ:TAYD) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its position in Taylor Devices, Inc. (NASDAQ:TAYD) by 24.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,357 shares of the industrial products company’s stock after purchasing an additional 468 shares during the period. Rhumbline Advisers owned approximately 0.08% of Taylor Devices worth $76,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its position in Taylor Devices by 3,746.2% during the 1st quarter. GAMMA Investing LLC now owns 1,000 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 974 shares in the last quarter. Bank of America Corp DE grew its stake 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 worth $117,000 after buying an additional 1,018 shares during the period. Barclays PLC grew its stake in Taylor Devices by 33.9% during 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 during the period. Charles Schwab Investment Management Inc. increased its position in shares of Taylor Devices by 18.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,964 shares of the industrial products company’s stock worth $373,000 after acquiring an additional 1,366 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Taylor Devices by 80.6% in the 4th quarter. Wells Fargo & Company MN now owns 4,754 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 2,121 shares during the period. 17.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Taylor Devices

In other news, CEO Timothy John Sopko acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, April 23rd. The shares were bought at an average price of $30.03 per share, for a total transaction of $30,030.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $300,300. This trade represents a 11.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.75% of the stock is owned by corporate insiders.

Taylor Devices Price Performance

Shares of TAYD opened at $42.17 on Friday. Taylor Devices, Inc. has a 12 month low of $29.50 and a 12 month high of $64.50. The stock’s 50-day moving average is $36.13 and its two-hundred day moving average is $35.04. The stock has a market cap of $132.41 million, a PE ratio of 16.87 and a beta of 0.84.

Taylor Devices (NASDAQ:TAYD) last announced its earnings results on Friday, March 28th. The industrial products company reported $0.64 EPS for the quarter. The business 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%.

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.