American Century Companies Inc. Sells 9,045 Shares of Taylor Devices, Inc. $TAYD

American Century Companies Inc. decreased its position in Taylor Devices, Inc. (NASDAQ:TAYD - Free Report) by 17.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,232 shares of the industrial products company's stock after selling 9,045 shares during the quarter. American Century Companies Inc. owned 1.35% of Taylor Devices worth $1,363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TAYD. GAMMA Investing LLC raised its stake in shares of Taylor Devices by 3,746.2% in the 1st quarter. GAMMA Investing LLC now owns 1,000 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 974 shares during the period. Rhumbline Advisers raised its stake in shares of Taylor Devices by 24.8% in the 1st quarter. Rhumbline Advisers now owns 2,357 shares of the industrial products company's stock valued at $76,000 after purchasing an additional 468 shares during the period. Bank of America Corp DE raised its stake in shares of Taylor Devices by 57.1% in the 4th quarter. Bank of America Corp DE now owns 2,800 shares of the industrial products company's stock valued at $117,000 after purchasing an additional 1,018 shares during the period. Barclays PLC raised its stake in shares of Taylor Devices by 33.9% in the 4th 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 during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Taylor Devices by 80.6% in the 4th quarter. Wells Fargo & Company MN now owns 4,754 shares of the industrial products company's stock valued at $198,000 after purchasing an additional 2,121 shares during the period. Institutional investors and hedge funds own 17.62% of the company's stock.

Taylor Devices Stock Performance

Taylor Devices stock traded down $1.39 during midday trading on Friday, reaching $47.91. 4,508 shares of the company's stock were exchanged, compared to its average volume of 11,907. Taylor Devices, Inc. has a 52 week low of $29.50 and a 52 week high of $64.50. The firm has a market cap of $150.92 million, a price-to-earnings ratio of 15.97 and a beta of 0.97. The stock's 50-day simple moving average is $45.79 and its 200 day simple moving average is $38.35.

Taylor Devices (NASDAQ:TAYD - Get Free Report) last posted its quarterly earnings results on Friday, August 15th. The industrial products company reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.50. Taylor Devices had a return on equity of 16.40% and a net margin of 20.33%.The business had revenue of $15.56 million during the quarter, compared to analysts' expectations of $13.73 million.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Taylor Devices from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 16th.

Taylor Devices Company 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.