Punch & Associates Investment Management Inc. trimmed its stake in Taylor Devices, Inc. (NASDAQ:TAYD – Free Report) by 37.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 32,300 shares of the industrial products company’s stock after selling 19,025 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in Taylor Devices were worth $1,841,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of TAYD. Vanguard Group Inc. grew its position in shares of Taylor Devices by 2.1% during the third quarter. Vanguard Group Inc. now owns 151,867 shares of the industrial products company’s stock worth $7,451,000 after acquiring an additional 3,121 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Taylor Devices in the 2nd quarter worth about $4,361,000. Dimensional Fund Advisors LP lifted its position in Taylor Devices by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 69,543 shares of the industrial products company’s stock valued at $4,067,000 after purchasing an additional 217 shares during the last quarter. Renaissance Technologies LLC lifted its position in Taylor Devices by 12.5% in the 1st quarter. Renaissance Technologies LLC now owns 49,662 shares of the industrial products company’s stock valued at $2,831,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Taylor Devices by 84.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 47,198 shares of the industrial products company’s stock valued at $2,690,000 after purchasing an additional 21,590 shares during the period. Institutional investors and hedge funds own 17.62% of the company’s stock.
Insiders Place Their Bets
In related news, Director Robert Michael Carey sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $56.73, for a total value of $283,650.00. Following the completion of the sale, the director owned 7,721 shares of the company’s stock, valued at $438,012.33. This represents a 39.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.88% of the stock is owned by insiders.
Analyst Ratings Changes
Taylor Devices Stock Performance
NASDAQ:TAYD opened at $54.22 on Friday. Taylor Devices, Inc. has a 1 year low of $40.50 and a 1 year high of $90.37. The stock has a market cap of $174.59 million, a price-to-earnings ratio of 16.43 and a beta of 0.92. The business has a fifty day moving average of $54.81 and a 200-day moving average of $64.31.
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.
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