Taylor Devices, Inc. (NASDAQ:TAYD) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its holdings in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 3.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 51,277 shares of the industrial products company’s stock after selling 1,906 shares during the quarter. American Century Companies Inc.’s holdings in Taylor Devices were worth $2,134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TAYD. Geode Capital Management LLC raised its holdings in Taylor Devices by 6.2% during the third quarter. Geode Capital Management LLC now owns 61,814 shares of the industrial products company’s stock worth $3,087,000 after purchasing an additional 3,636 shares in the last quarter. Courier Capital LLC raised its stake in Taylor Devices by 19.3% during the 4th quarter. Courier Capital LLC now owns 47,721 shares of the industrial products company’s stock worth $1,986,000 after acquiring an additional 7,721 shares in the last quarter. State Street Corp lifted its position in Taylor Devices by 17.0% in the third quarter. State Street Corp now owns 35,532 shares of the industrial products company’s stock valued at $1,774,000 after acquiring an additional 5,171 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Taylor Devices by 33.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 16,146 shares of the industrial products company’s stock valued at $798,000 after acquiring an additional 4,010 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Taylor Devices by 18.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,964 shares of the industrial products company’s stock valued at $373,000 after acquiring an additional 1,366 shares in the last quarter. 17.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Taylor Devices from a “hold” rating to a “buy” rating in a report on Monday, March 31st.

Taylor Devices Trading Down 2.4 %

Shares of NASDAQ TAYD opened at $31.41 on Wednesday. The stock has a market cap of $98.53 million, a P/E ratio of 11.72 and a beta of 0.91. Taylor Devices, Inc. has a twelve month low of $29.50 and a twelve month high of $64.50. The stock has a 50 day moving average of $32.17 and a two-hundred day moving average of $39.74.

Taylor Devices (NASDAQ:TAYD) last released its quarterly earnings results on Friday, March 28th. The industrial products company reported $0.64 EPS for the quarter. Taylor Devices had a net margin of 19.99% and a return on equity of 17.04%. The firm had revenue of $10.57 million during the quarter.

Insider Transactions at Taylor Devices

In related news, CEO Timothy John Sopko purchased 1,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of $33.25 per share, for a total transaction of $33,250.00. Following the completion of the purchase, the chief executive officer now directly owns 9,000 shares of the company’s stock, valued at $299,250. This trade represents a 12.50 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.75% of the company’s stock.

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.