Mason Street Advisors LLC acquired a new position in shares of MSA Safety Inc. (NYSE:MSA) during the second quarter, Holdings Channel reports. The fund acquired 14,516 shares of the company’s stock, valued at approximately $763,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MSA. BNP Paribas Arbitrage SA purchased a new position in shares of MSA Safety during the second quarter worth about $793,000. Silvercrest Asset Management Group LLC boosted its position in shares of MSA Safety by 10.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 2,109,823 shares of the company’s stock worth $102,010,000 after buying an additional 192,279 shares during the period. Renaissance Technologies LLC purchased a new position in shares of MSA Safety during the first quarter worth about $2,814,000. Goldman Sachs Group Inc. boosted its position in shares of MSA Safety by 22.9% in the first quarter. Goldman Sachs Group Inc. now owns 509,344 shares of the company’s stock worth $24,627,000 after buying an additional 95,030 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in shares of MSA Safety by 8.7% in the first quarter. Meeder Asset Management Inc. now owns 13,018 shares of the company’s stock worth $629,000 after buying an additional 1,047 shares during the period. 60.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of MSA Safety Inc. (NYSE:MSA) opened at 56.26 on Friday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 26.71 and a beta of 1.62. MSA Safety Inc. has a 12 month low of $37.68 and a 12 month high of $58.62. The firm has a 50-day moving average of $56.36 and a 200-day moving average of $52.22.
MSA Safety (NYSE:MSA) last released its earnings results on Wednesday, July 20th. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.06. The firm had revenue of $296 million for the quarter, compared to analysts’ expectations of $301.02 million. MSA Safety had a net margin of 6.69% and a return on equity of 19.19%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 earnings per share. On average, analysts anticipate that MSA Safety Inc. will post $2.76 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Saturday, September 10th. Shareholders of record on Thursday, August 18th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Tuesday, August 16th. MSA Safety’s payout ratio is 64.39%.
A number of research analysts recently issued reports on the stock. Robert W. Baird cut shares of MSA Safety from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $54.00 to $57.00 in a research note on Friday, July 22nd. Stifel Nicolaus raised shares of MSA Safety from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Tuesday, June 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $55.50.
In other MSA Safety news, insider Douglas K. Mcclaine sold 4,731 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $56.00, for a total value of $264,936.00. Following the transaction, the insider now directly owns 36,428 shares in the company, valued at $2,039,968. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William M. Lambert sold 19,200 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $55.03, for a total transaction of $1,056,576.00. Following the completion of the transaction, the insider now owns 162,806 shares in the company, valued at $8,959,214.18. The disclosure for this sale can be found here. 15.53% of the stock is currently owned by company insiders.
About MSA Safety
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
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