GSA Capital Partners LLP Takes $292,000 Position in Taylor Devices, Inc. $TAYD

GSA Capital Partners LLP bought a new position in shares of Taylor Devices, Inc. (NASDAQ:TAYD) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 5,962 shares of the industrial products company’s stock, valued at approximately $292,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Martin & Co. Inc. TN purchased a new stake in shares of Taylor Devices during the second quarter worth about $817,000. Y Intercept Hong Kong Ltd acquired a new stake in Taylor Devices in the 2nd quarter worth approximately $304,000. RBF Capital LLC purchased a new stake in Taylor Devices during the 2nd quarter worth approximately $1,085,000. De Lisle Partners LLP grew its position in Taylor Devices by 1.4% during the 2nd quarter. De Lisle Partners LLP now owns 42,876 shares of the industrial products company’s stock worth $1,881,000 after purchasing an additional 600 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Taylor Devices by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 151,867 shares of the industrial products company’s stock valued at $7,451,000 after purchasing an additional 3,121 shares in the last quarter. 17.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Taylor Devices from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Freedom Capital lowered Taylor Devices from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Wall Street Zen raised Taylor Devices from a “hold” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Taylor Devices Price Performance

NASDAQ:TAYD opened at $87.74 on Friday. The company’s fifty day moving average price is $73.72 and its 200-day moving average price is $56.33. Taylor Devices, Inc. has a 1-year low of $29.50 and a 1-year high of $90.37. The firm has a market capitalization of $276.38 million, a P/E ratio of 27.85 and a beta of 0.97.

Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings results on Wednesday, December 31st. The industrial products company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.53 by $0.11. The company had revenue of $11.60 million for the quarter, compared to analyst estimates of $10.40 million. Taylor Devices had a net margin of 20.75% and a return on equity of 15.75%.

Taylor Devices Company Profile

Taylor Devices, Inc is an engineering firm headquartered in North Tonawanda, New York, specializing in the design, development and manufacture of motion control products and engineered fluid-handling devices. The company’s core focus is on providing high-performance hydraulic dampers, fluid springs (also known as gas springs), shock absorbers and hydraulic accumulators that are used to manage energy and motion in a wide range of industrial and structural applications.

The company’s product portfolio includes industrial shock absorbers designed to cushion and decelerate moving parts in manufacturing and test-and-measurement systems, fluid viscous dampers for seismic protection of buildings and bridges, and fluid spring devices that combine the properties of a gas spring and a hydraulic damper.