Barclays PLC Buys 2,621 Shares of Taylor Devices, Inc. (NASDAQ:TAYD)

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

A number of other institutional investors have also added to or reduced their stakes in TAYD. American Century Companies Inc. acquired a new position in shares of Taylor Devices during the second quarter worth approximately $1,206,000. Scalar Gauge Management LLC acquired a new position in Taylor Devices during the third quarter worth $681,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Taylor Devices in the second quarter valued at $546,000. Bank of New York Mellon Corp acquired a new position in shares of Taylor Devices during the second quarter valued at about $286,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Taylor Devices by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 32,290 shares of the industrial products company’s stock worth $1,452,000 after acquiring an additional 5,890 shares in the last quarter. 17.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Taylor Devices from a “strong-buy” rating to a “hold” rating in a research report on Monday.

Taylor Devices Trading Down 1.3 %

Shares of Taylor Devices stock opened at $34.33 on Wednesday. The company has a market capitalization of $107.08 million, a P/E ratio of 11.84 and a beta of 1.06. The stock has a fifty day simple moving average of $44.29 and a 200 day simple moving average of $47.93. Taylor Devices, Inc. has a 12-month low of $22.22 and a 12-month high of $64.50.

Taylor Devices (NASDAQ:TAYD) last announced its earnings results on Friday, January 3rd. The industrial products company reported $0.34 EPS for the quarter. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%. During the same period in the prior year, the company earned $0.56 earnings per share.

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.