Taylor Devices, Inc. (NASDAQ:TAYD) Stake Boosted by LSV Asset Management

LSV Asset Management raised its holdings in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 239.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,149 shares of the industrial products company’s stock after acquiring an additional 5,749 shares during the quarter. LSV Asset Management owned approximately 0.23% of Taylor Devices worth $367,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TAYD. Rhumbline Advisers purchased a new position in Taylor Devices during the 2nd quarter valued at about $86,000. Bank of New York Mellon Corp purchased a new position in Taylor Devices during the 2nd quarter valued at about $286,000. Ritholtz Wealth Management grew its stake in Taylor Devices by 123.9% during the 2nd quarter. Ritholtz Wealth Management now owns 9,220 shares of the industrial products company’s stock valued at $415,000 after acquiring an additional 5,103 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Taylor Devices during the 1st quarter valued at about $488,000. Finally, National Wealth Management Group LLC purchased a new position in Taylor Devices during the 1st quarter valued at about $590,000. Hedge funds and other institutional investors own 17.62% of the company’s stock.

Analyst Ratings Changes

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

Taylor Devices Stock Performance

Shares of NASDAQ TAYD opened at $58.49 on Friday. The stock has a market cap of $205.94 million, a price-to-earnings ratio of 23.49 and a beta of 1.03. The business has a 50 day simple moving average of $50.20 and a 200 day simple moving average of $47.63. Taylor Devices, Inc. has a 52 week low of $19.81 and a 52 week high of $61.69.

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

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.