Arrowstreet Capital Limited Partnership Acquires 4,700 Shares of Taylor Devices, Inc. (NASDAQ:TAYD)

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 23.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,505 shares of the industrial products company’s stock after acquiring an additional 4,700 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Taylor Devices were worth $1,020,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. State Street Corp raised 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 worth $1,774,000 after purchasing an additional 5,171 shares in the last quarter. Barclays PLC raised its holdings in shares of Taylor Devices by 325.6% in the 3rd quarter. Barclays PLC now owns 3,426 shares of the industrial products company’s stock worth $172,000 after buying an additional 2,621 shares in the last quarter. FMR LLC lifted its position in shares of Taylor Devices by 1,138.6% during the 3rd quarter. FMR LLC now owns 1,796 shares of the industrial products company’s stock worth $90,000 after buying an additional 1,651 shares during the period. BNP Paribas Financial Markets boosted its stake in Taylor Devices by 261.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,096 shares of the industrial products company’s stock valued at $155,000 after buying an additional 2,239 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Taylor Devices by 6.2% in the third quarter. Geode Capital Management LLC now owns 61,814 shares of the industrial products company’s stock valued at $3,087,000 after acquiring an additional 3,636 shares during the period. 17.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Taylor Devices Stock Down 0.3 %

NASDAQ:TAYD opened at $32.04 on Friday. The firm has a market cap of $100.51 million, a PE ratio of 11.96 and a beta of 0.91. Taylor Devices, Inc. has a 12 month low of $29.50 and a 12 month high of $64.50. The company’s 50-day moving average price is $32.12 and its two-hundred day moving average price is $39.09.

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

Insider Activity at Taylor Devices

In related news, CEO Timothy John Sopko purchased 1,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average price of $33.25 per share, with a total value of $33,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 9,000 shares in the company, valued at approximately $299,250. This trade represents a 12.50 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.75% of the stock is currently owned by company insiders.

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.