Ritholtz Wealth Management Lowers Position in Taylor Devices, Inc. $TAYD

Ritholtz Wealth Management cut its holdings in Taylor Devices, Inc. (NASDAQ:TAYD) by 11.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,749 shares of the industrial products company’s stock after selling 764 shares during the period. Ritholtz Wealth Management’s holdings in Taylor Devices were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Rhumbline Advisers grew its holdings in shares of Taylor Devices by 24.8% in the first quarter. Rhumbline Advisers now owns 2,357 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 468 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Taylor Devices by 3,746.2% in the first quarter. GAMMA Investing LLC now owns 1,000 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 974 shares in the last quarter. Courier Capital LLC grew its holdings in shares of Taylor Devices by 10.4% in the second quarter. Courier Capital LLC now owns 53,221 shares of the industrial products company’s stock valued at $2,310,000 after acquiring an additional 5,000 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Taylor Devices in the first quarter valued at approximately $212,000. Finally, De Lisle Partners LLP grew its holdings in shares of Taylor Devices by 60.6% in the first quarter. De Lisle Partners LLP now owns 42,276 shares of the industrial products company’s stock valued at $1,374,000 after acquiring an additional 15,950 shares in the last quarter. 17.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on TAYD. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Taylor Devices in a report on Wednesday, October 8th. Wall Street Zen downgraded Taylor Devices from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Taylor Devices Price Performance

NASDAQ:TAYD opened at $41.96 on Wednesday. The company has a market cap of $132.09 million, a P/E ratio of 14.72 and a beta of 0.97. The stock’s fifty day moving average price is $46.04 and its two-hundred day moving average price is $41.32. Taylor Devices, Inc. has a 1 year low of $29.50 and a 1 year high of $53.73.

Taylor Devices (NASDAQ:TAYD) last posted its earnings results on Wednesday, October 1st. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $9.92 million for the quarter, compared to the consensus estimate of $13.10 million. Taylor Devices had a return on equity of 14.90% and a net margin of 20.04%.

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.