Oppenheimer & Close LLC increased its stake in Taylor Devices, Inc. (NASDAQ:TAYD – Get Rating) by 23.2% in the second quarter, Holdings Channel reports. The firm owned 125,594 shares of the industrial products company's stock after purchasing an additional 23,662 shares during the period. Taylor Devices comprises 1.2% of Oppenheimer & Close LLC's holdings, making the stock its 24th largest position. Oppenheimer & Close LLC's holdings in Taylor Devices were worth $1,091,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, HNP Capital LLC purchased a new position in shares of Taylor Devices during the first quarter worth $272,000. 18.91% of the stock is owned by institutional investors.
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Separately, TheStreet raised Taylor Devices from a "c+" rating to a "b-" rating in a research report on Friday, September 16th.
Taylor Devices Stock Down 0.5 %
Shares of TAYD stock traded down $0.05 during mid-day trading on Friday, hitting $10.06. 781 shares of the stock were exchanged, compared to its average volume of 7,869. The company has a market cap of $35.21 million, a PE ratio of 15.72 and a beta of 0.70. Taylor Devices, Inc. has a 52-week low of $8.13 and a 52-week high of $12.00. The firm has a fifty day moving average of $9.25 and a 200 day moving average of $9.31.Taylor Devices Profile
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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 North America, 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 car stops.
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