Taylor Devices, Inc. (NASDAQ:TAYD) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its stake in shares of Taylor Devices, Inc. (NASDAQ:TAYD - Free Report) by 69.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,990 shares of the industrial products company's stock after selling 11,156 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.16% of Taylor Devices worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in Taylor Devices by 57.1% during the fourth quarter. Bank of America Corp DE now owns 2,800 shares of the industrial products company's stock worth $117,000 after purchasing an additional 1,018 shares during the period. Barclays PLC lifted its holdings in shares of Taylor Devices by 33.9% in the fourth quarter. Barclays PLC now owns 4,588 shares of the industrial products company's stock valued at $191,000 after purchasing an additional 1,162 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Taylor Devices by 18.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,964 shares of the industrial products company's stock valued at $373,000 after acquiring an additional 1,366 shares during the last quarter. Wells Fargo & Company MN increased its position in Taylor Devices by 80.6% in the fourth quarter. Wells Fargo & Company MN now owns 4,754 shares of the industrial products company's stock worth $198,000 after buying an additional 2,121 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Taylor Devices by 5.2% during the fourth quarter. Renaissance Technologies LLC now owns 48,462 shares of the industrial products company's stock valued at $2,017,000 after buying an additional 2,400 shares during the period. Institutional investors own 17.62% of the company's stock.

Taylor Devices Price Performance

Shares of Taylor Devices stock traded down $1.42 during trading on Thursday, reaching $35.87. 7,210 shares of the stock traded hands, compared to its average volume of 25,012. Taylor Devices, Inc. has a 52-week low of $29.50 and a 52-week high of $64.50. The business has a fifty day simple moving average of $34.23 and a two-hundred day simple moving average of $35.94. The company has a market capitalization of $112.52 million, a price-to-earnings ratio of 13.38 and a beta of 0.79.

Taylor Devices (NASDAQ:TAYD - Get Free Report) last issued its quarterly earnings data on Friday, March 28th. The industrial products company reported $0.64 EPS for the quarter. The company had revenue of $10.57 million during the quarter. Taylor Devices had a net margin of 19.99% and a return on equity of 17.04%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Taylor Devices from a "hold" rating to a "buy" rating in a report on Monday, March 31st.

Insider Activity at Taylor Devices

In related news, CEO Timothy John Sopko bought 1,000 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average cost of $30.03 per share, with a total value of $30,030.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at approximately $300,300. This represents a 11.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.75% of the stock is owned by corporate insiders.

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.