B. Riley Wealth Advisors Inc. Buys Shares of 12,136 Taylor Devices, Inc. (NASDAQ:TAYD)

B. Riley Wealth Advisors Inc. purchased a new position in Taylor Devices, Inc. (NASDAQ:TAYD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,136 shares of the industrial products company's stock, valued at approximately $546,000. B. Riley Wealth Advisors Inc. owned approximately 0.34% of Taylor Devices as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of TAYD. Rhumbline Advisers acquired a new position in Taylor Devices during the 2nd quarter valued at approximately $86,000. LSV Asset Management acquired a new stake in Taylor Devices during the 1st quarter worth about $119,000. Bank of New York Mellon Corp purchased a new stake in Taylor Devices during the 2nd quarter valued at about $286,000. Ritholtz Wealth Management increased its holdings in shares of Taylor Devices by 123.9% in the second quarter. Ritholtz Wealth Management now owns 9,220 shares of the industrial products company's stock valued at $415,000 after purchasing an additional 5,103 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Taylor Devices in the first quarter worth about $488,000. Institutional investors and hedge funds own 17.62% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Taylor Devices from a "hold" rating to a "buy" rating in a report on Monday, September 30th.

Taylor Devices Stock Performance

NASDAQ TAYD traded up $0.01 on Friday, reaching $45.84. 17,218 shares of the company's stock traded hands, compared to its average volume of 34,540. Taylor Devices, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $64.50. The firm has a market cap of $161.40 million, a price-to-earnings ratio of 18.41 and a beta of 1.03. The stock has a 50 day moving average price of $53.08 and a 200-day moving average price of $49.68.

Taylor Devices (NASDAQ:TAYD - Get Free Report) last issued its earnings results on Thursday, August 15th. The industrial products company reported $0.67 EPS for the quarter. The firm had revenue of $12.07 million for the quarter. Taylor Devices had a return on equity of 18.95% and a net margin of 21.22%.

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.