B. Riley Wealth Advisors Inc. Has $208,000 Position in Taylor Devices, Inc. (NASDAQ:TAYD)

B. Riley Wealth Advisors Inc. cut its holdings in shares of Taylor Devices, Inc. (NASDAQ:TAYD - Free Report) by 69.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,990 shares of the industrial products company's stock after selling 11,156 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.16% of Taylor Devices worth $208,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TAYD. Bank of America Corp DE grew its holdings 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 position in Taylor Devices by 33.9% during the fourth quarter. Barclays PLC now owns 4,588 shares of the industrial products company's stock worth $191,000 after acquiring an additional 1,162 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 worth $373,000 after purchasing an additional 1,366 shares during the period. Wells Fargo & Company MN grew its stake in shares of 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 valued at $198,000 after acquiring an additional 2,121 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position 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 worth $2,017,000 after acquiring an additional 2,400 shares during the period. 17.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Timothy John Sopko acquired 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average cost of $30.03 per share, with a total value of $30,030.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at $300,300. The trade was a 11.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.75% of the company's stock.

Taylor Devices Price Performance

Taylor Devices stock traded up $1.40 during mid-day trading on Tuesday, reaching $37.46. 12,105 shares of the company were exchanged, compared to its average volume of 25,074. The firm has a market cap of $117.51 million, a PE ratio of 13.98 and a beta of 0.79. The company has a fifty day simple moving average of $34.04 and a 200-day simple moving average of $35.92. Taylor Devices, Inc. has a 12 month low of $29.50 and a 12 month high of $64.50.

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

Analyst Upgrades and Downgrades

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

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.