B. Riley Wealth Advisors Inc. Boosts Position in Taylor Devices, Inc. (NASDAQ:TAYD)

B. Riley Wealth Advisors Inc. boosted its position in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 33.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,146 shares of the industrial products company’s stock after buying an additional 4,010 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Taylor Devices were worth $798,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. MetLife Investment Management LLC purchased a new position in shares of Taylor Devices during the 3rd quarter worth $70,000. Rhumbline Advisers purchased a new stake in Taylor Devices during the second quarter worth about $86,000. FMR LLC raised its stake in shares of Taylor Devices by 1,138.6% in the third quarter. FMR LLC now owns 1,796 shares of the industrial products company’s stock valued at $90,000 after acquiring an additional 1,651 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Taylor Devices by 261.3% during the third 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 during the period. Finally, Barclays PLC raised its stake in Taylor Devices by 325.6% in the third quarter. Barclays PLC now owns 3,426 shares of the industrial products company’s stock valued at $172,000 after buying an additional 2,621 shares in the last quarter. 17.62% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Devices Trading Down 1.4 %

Shares of Taylor Devices stock opened at $42.99 on Wednesday. The stock has a market cap of $134.09 million, a PE ratio of 14.82 and a beta of 1.03. The company has a 50-day moving average of $46.16 and a two-hundred day moving average of $48.38. Taylor Devices, Inc. has a 12-month low of $21.99 and a 12-month high of $64.50.

Taylor Devices (NASDAQ:TAYD) last released its quarterly earnings results on Friday, September 27th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%. The company had revenue of $11.62 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Taylor Devices from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 18th.

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.