B. Riley Wealth Advisors Inc. Buys 4,010 Shares of Taylor Devices, Inc. (NASDAQ:TAYD)

B. Riley Wealth Advisors Inc. raised its holdings in Taylor Devices, Inc. (NASDAQ:TAYD) by 33.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,146 shares of the industrial products company’s stock after acquiring an additional 4,010 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.52% of Taylor Devices worth $798,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TAYD. Barclays PLC lifted its stake 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 valued at $172,000 after purchasing an additional 2,621 shares during the period. Geode Capital Management LLC grew its holdings in Taylor Devices by 6.2% during 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 purchasing an additional 3,636 shares during the period. State Street Corp raised its position in shares of Taylor Devices by 17.0% in the third quarter. State Street Corp now owns 35,532 shares of the industrial products company’s stock valued at $1,774,000 after purchasing an additional 5,171 shares during the period. Scalar Gauge Management LLC purchased a new stake in Taylor Devices during the 3rd quarter worth about $681,000. Finally, MetLife Investment Management LLC bought a new position in Taylor Devices in the 3rd quarter valued at $70,000. 17.62% of the stock is currently owned by institutional investors and hedge funds.

Taylor Devices Trading Down 1.4 %

NASDAQ:TAYD opened at $42.99 on Wednesday. Taylor Devices, Inc. has a 12 month low of $21.99 and a 12 month high of $64.50. The company has a 50-day moving average price of $46.16 and a 200-day moving average price of $48.38. The stock has a market cap of $134.09 million, a price-to-earnings ratio of 14.82 and a beta of 1.03.

Taylor Devices (NASDAQ:TAYD) last issued its earnings results on Friday, September 27th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter. The business had revenue of $11.62 million during the quarter. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Taylor Devices from a “buy” rating to a “strong-buy” rating in a report on Monday, November 18th.

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.