Taylor Devices, Inc. (NASDAQ:TAYD) Holdings Raised by Barclays PLC

Barclays PLC boosted its stake in Taylor Devices, Inc. (NASDAQ:TAYD) by 325.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,426 shares of the industrial products company’s stock after buying an additional 2,621 shares during the quarter. Barclays PLC owned approximately 0.11% of Taylor Devices worth $172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MetLife Investment Management LLC purchased a new stake in Taylor Devices in the 3rd quarter worth approximately $70,000. FMR LLC lifted its position in Taylor Devices by 1,138.6% in the 3rd quarter. FMR LLC now owns 1,796 shares of the industrial products company’s stock worth $90,000 after buying an additional 1,651 shares in the last quarter. Rhumbline Advisers purchased a new stake in Taylor Devices in the 2nd quarter worth approximately $86,000. BNP Paribas Financial Markets lifted its position in Taylor Devices by 261.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,096 shares of the industrial products company’s stock worth $155,000 after buying an additional 2,239 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Taylor Devices during the 2nd quarter valued at $286,000. Hedge funds and other institutional investors own 17.62% of the company’s stock.

Taylor Devices Trading Up 0.2 %

Taylor Devices stock opened at $34.36 on Thursday. The company has a market capitalization of $107.89 million, a P/E ratio of 12.82 and a beta of 1.06. The firm’s fifty day simple moving average is $41.55 and its 200-day simple moving average is $47.23. Taylor Devices, Inc. has a 1-year low of $29.26 and a 1-year high of $64.50.

Taylor Devices (NASDAQ:TAYD) last released its quarterly earnings results on Friday, January 3rd. The industrial products company reported $0.34 earnings per share for the quarter. Taylor Devices had a net margin of 19.99% and a return on equity of 17.04%. During the same quarter in the prior year, the company posted $0.56 EPS.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Taylor Devices from a “buy” rating to a “hold” rating in a report on Wednesday.

Insider Activity at Taylor Devices

In other news, CEO Timothy John Sopko bought 1,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average cost of $33.25 per share, for a total transaction of $33,250.00. Following the purchase, the chief executive officer now owns 9,000 shares of the company’s stock, valued at $299,250. This represents a 12.50 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 7.75% of the stock is currently owned by company insiders.

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.