Scalar Gauge Management LLC Buys New Shares in Taylor Devices, Inc. (NASDAQ:TAYD)

Scalar Gauge Management LLC purchased a new position in Taylor Devices, Inc. (NASDAQ:TAYD) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 13,644 shares of the industrial products company’s stock, valued at approximately $681,000. Taylor Devices makes up 0.4% of Scalar Gauge Management LLC’s holdings, making the stock its 25th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Taylor Devices by 6.7% in the first quarter. Vanguard Group Inc. now owns 56,441 shares of the industrial products company’s stock valued at $2,809,000 after acquiring an additional 3,561 shares in the last quarter. Courier Capital LLC raised its holdings in shares of Taylor Devices by 14.3% in the 2nd quarter. Courier Capital LLC now owns 40,000 shares of the industrial products company’s stock valued at $1,799,000 after buying an additional 5,000 shares during the period. Bank of New York Mellon Corp purchased a new position in Taylor Devices in the 2nd quarter valued at approximately $286,000. Ritholtz Wealth Management increased its stake in shares of Taylor Devices by 123.9% during the second quarter. Ritholtz Wealth Management now owns 9,220 shares of the industrial products company’s stock worth $415,000 after buying an additional 5,103 shares during the period. Finally, Rhumbline Advisers acquired a new stake in Taylor Devices in the second quarter valued at $86,000. Hedge funds and other institutional investors own 17.62% of the company’s stock.

Taylor Devices Price Performance

TAYD stock opened at $48.08 on Friday. The company’s 50 day simple moving average is $47.72 and its 200-day simple moving average is $48.80. The firm has a market capitalization of $150.01 million, a PE ratio of 16.58 and a beta of 1.04. Taylor Devices, Inc. has a 12 month low of $21.99 and a 12 month high of $64.50.

Taylor Devices (NASDAQ:TAYD) last issued its earnings results on Friday, September 27th. The industrial products company reported $0.85 EPS for the quarter. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%. The business had revenue of $11.62 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com raised Taylor Devices from a “buy” rating to a “strong-buy” rating in a report on Monday, November 18th.

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.