5,962 Shares in Taylor Devices, Inc. $TAYD Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in Taylor Devices, Inc. (NASDAQ:TAYD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,962 shares of the industrial products company’s stock, valued at approximately $292,000. GSA Capital Partners LLP owned 0.19% of Taylor Devices at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Taylor Devices by 2.1% during the third quarter. Vanguard Group Inc. now owns 151,867 shares of the industrial products company’s stock valued at $7,451,000 after acquiring an additional 3,121 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Taylor Devices in the second quarter worth approximately $4,361,000. De Lisle Partners LLP increased its holdings in Taylor Devices by 1.4% during the 2nd quarter. De Lisle Partners LLP now owns 42,876 shares of the industrial products company’s stock worth $1,881,000 after purchasing an additional 600 shares during the period. RBF Capital LLC bought a new stake in Taylor Devices during the 2nd quarter valued at $1,085,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Taylor Devices by 29.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 21,300 shares of the industrial products company’s stock worth $924,000 after buying an additional 4,888 shares during the period. 17.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Freedom Capital lowered Taylor Devices from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings upgraded shares of Taylor Devices from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Finally, Wall Street Zen raised shares of Taylor Devices from a “hold” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Taylor Devices currently has an average rating of “Moderate Buy”.

Taylor Devices Price Performance

TAYD opened at $87.74 on Friday. The firm has a market capitalization of $276.38 million, a PE ratio of 27.85 and a beta of 0.97. The business’s 50-day moving average is $73.72 and its two-hundred day moving average is $56.33. Taylor Devices, Inc. has a 1 year low of $29.50 and a 1 year high of $90.37.

Taylor Devices (NASDAQ:TAYD) last released its quarterly earnings results on Wednesday, December 31st. The industrial products company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.53 by $0.11. Taylor Devices had a net margin of 20.75% and a return on equity of 15.75%. The business had revenue of $11.60 million during the quarter, compared to analyst estimates of $10.40 million.

Taylor Devices Profile

Taylor Devices, Inc is an engineering firm headquartered in North Tonawanda, New York, specializing in the design, development and manufacture of motion control products and engineered fluid-handling devices. The company’s core focus is on providing high-performance hydraulic dampers, fluid springs (also known as gas springs), shock absorbers and hydraulic accumulators that are used to manage energy and motion in a wide range of industrial and structural applications.

The company’s product portfolio includes industrial shock absorbers designed to cushion and decelerate moving parts in manufacturing and test-and-measurement systems, fluid viscous dampers for seismic protection of buildings and bridges, and fluid spring devices that combine the properties of a gas spring and a hydraulic damper.