Courier Capital LLC Purchases 7,721 Shares of Taylor Devices, Inc. (NASDAQ:TAYD)

Courier Capital LLC raised its position in Taylor Devices, Inc. (NASDAQ:TAYD) by 19.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,721 shares of the industrial products company’s stock after purchasing an additional 7,721 shares during the period. Courier Capital LLC’s holdings in Taylor Devices were worth $1,986,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TAYD. MetLife Investment Management LLC acquired a new stake in shares of Taylor Devices during the 3rd quarter worth approximately $70,000. Rhumbline Advisers acquired a new position in Taylor Devices during the 2nd quarter worth approximately $86,000. FMR LLC boosted its holdings in Taylor Devices by 1,138.6% in the third quarter. FMR LLC now owns 1,796 shares of the industrial products company’s stock worth $90,000 after acquiring an additional 1,651 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Taylor Devices by 261.3% in the third quarter. BNP Paribas Financial Markets now owns 3,096 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 2,239 shares during the period. Finally, Barclays PLC increased its stake in Taylor Devices by 325.6% during 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 in the last quarter. 17.62% of the stock is owned by institutional investors.

Taylor Devices Price Performance

Shares of NASDAQ TAYD traded down $0.36 during trading on Monday, hitting $33.21. The stock had a trading volume of 42,214 shares, compared to its average volume of 51,985. Taylor Devices, Inc. has a 12 month low of $27.82 and a 12 month high of $64.50. The firm has a fifty day moving average of $43.43 and a two-hundred day moving average of $47.75. The company has a market capitalization of $104.15 million, a PE ratio of 11.45 and a beta of 1.06.

Taylor Devices (NASDAQ:TAYD) last issued its quarterly earnings results on Friday, January 3rd. The industrial products company reported $0.34 earnings per share for the quarter. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%. During the same period in the prior year, the company posted $0.56 EPS.

Analysts Set New Price Targets

Separately, StockNews.com lowered Taylor Devices from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th.

Taylor Devices 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.