American Century Companies Inc. Acquires New Shares in Taylor Devices, Inc. (NASDAQ:TAYD)

American Century Companies Inc. bought a new stake in Taylor Devices, Inc. (NASDAQ:TAYD - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 26,813 shares of the industrial products company's stock, valued at approximately $1,206,000. American Century Companies Inc. owned 0.76% of Taylor Devices as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TAYD. Vanguard Group Inc. lifted its position in Taylor Devices by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 56,441 shares of the industrial products company's stock worth $2,809,000 after acquiring an additional 3,561 shares during the period. Courier Capital LLC lifted its position in Taylor Devices by 14.3% during the 2nd quarter. Courier Capital LLC now owns 40,000 shares of the industrial products company's stock worth $1,799,000 after acquiring an additional 5,000 shares during the period. Elkhorn Partners Limited Partnership lifted its position in Taylor Devices by 47.2% during the 1st quarter. Elkhorn Partners Limited Partnership now owns 26,205 shares of the industrial products company's stock worth $1,304,000 after acquiring an additional 8,405 shares during the period. National Wealth Management Group LLC acquired a new stake in Taylor Devices during the 1st quarter worth approximately $590,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Taylor Devices during the 1st quarter worth approximately $488,000. 17.62% of the stock is owned by institutional investors and hedge funds.

Taylor Devices Trading Down 4.4 %

Shares of TAYD traded down $2.21 during mid-day trading on Tuesday, hitting $47.71. The company's stock had a trading volume of 17,699 shares, compared to its average volume of 25,014. The firm has a 50-day simple moving average of $53.26 and a 200 day simple moving average of $49.59. The firm has a market capitalization of $148.86 million, a P/E ratio of 20.05 and a beta of 1.03. Taylor Devices, Inc. has a 1-year low of $20.50 and a 1-year high of $64.50.

Taylor Devices (NASDAQ:TAYD - Get Free Report) last posted 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%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Taylor Devices from a "hold" rating to a "buy" rating in a research report on Monday.

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.