Renaissance Technologies LLC lessened its position in shares of Taylor Devices, Inc. (NASDAQ:TAYD - Free Report) by 26.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,362 shares of the industrial products company's stock after selling 16,700 shares during the period. Renaissance Technologies LLC owned about 1.32% of Taylor Devices worth $2,085,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers bought a new stake in shares of Taylor Devices during the 2nd quarter worth about $86,000. LSV Asset Management acquired a new position in Taylor Devices in the first quarter worth approximately $119,000. Bank of New York Mellon Corp bought a new position in shares of Taylor Devices during the 2nd quarter valued at $286,000. Ritholtz Wealth Management boosted its holdings in Taylor Devices by 123.9% in the second quarter. Ritholtz Wealth Management now owns 9,220 shares of the industrial products company's stock worth $415,000 after purchasing an additional 5,103 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in Taylor Devices during the first quarter valued at about $488,000. Institutional investors and hedge funds own 17.62% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com raised Taylor Devices from a "hold" rating to a "buy" rating in a report on Monday.
Read Our Latest Stock Analysis on TAYD
Taylor Devices Stock Down 3.0 %
Shares of TAYD stock traded down $1.41 during mid-day trading on Thursday, reaching $45.83. The stock had a trading volume of 15,933 shares, compared to its average volume of 24,898. The firm has a market cap of $142.99 million, a PE ratio of 18.97 and a beta of 1.03. Taylor Devices, Inc. has a one year low of $20.50 and a one year high of $64.50. The firm's 50 day simple moving average is $53.14 and its 200 day simple moving average is $49.59.
Taylor Devices (NASDAQ:TAYD - Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter. The company 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
(
Free Report)
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.
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