Taylor Devices, Inc. (NASDAQ:TAYD) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its stake in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 123.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,220 shares of the industrial products company’s stock after acquiring an additional 5,103 shares during the period. Ritholtz Wealth Management owned 0.26% of Taylor Devices worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in Taylor Devices by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 135,222 shares of the industrial products company’s stock worth $2,992,000 after purchasing an additional 500 shares during the period. Vanguard Group Inc. raised its position in shares of Taylor Devices by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 56,441 shares of the industrial products company’s stock valued at $2,809,000 after buying an additional 3,561 shares during the period. Courier Capital LLC lifted its holdings in Taylor Devices by 14.3% in the second quarter. Courier Capital LLC now owns 40,000 shares of the industrial products company’s stock valued at $1,799,000 after acquiring an additional 5,000 shares during the last quarter. Elkhorn Partners Limited Partnership grew its position in Taylor Devices by 47.2% in the first quarter. Elkhorn Partners Limited Partnership now owns 26,205 shares of the industrial products company’s stock worth $1,304,000 after acquiring an additional 8,405 shares during the period. Finally, National Wealth Management Group LLC acquired a new stake in Taylor Devices during the first quarter worth $590,000. Institutional investors and hedge funds own 17.62% of the company’s stock.

Taylor Devices Price Performance

Shares of TAYD stock opened at $56.11 on Thursday. Taylor Devices, Inc. has a 1-year low of $19.81 and a 1-year high of $61.69. The firm has a market cap of $197.56 million, a PE ratio of 22.53 and a beta of 1.03. The company has a 50-day moving average of $48.83 and a two-hundred day moving average of $46.89.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Taylor Devices from a “buy” rating to a “hold” rating in a research note on Friday, August 16th.

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.