Victory Capital Management Inc. boosted its position in shares of MSA Safety Inc. (NYSE:MSA) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,802 shares of the company’s stock after buying an additional 1,166 shares during the period. Victory Capital Management Inc.’s holdings in MSA Safety were worth $410,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. LS Investment Advisors LLC increased its stake in shares of MSA Safety by 77.3% in the second quarter. LS Investment Advisors LLC now owns 1,947 shares of the company’s stock worth $102,000 after buying an additional 849 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of MSA Safety during the second quarter worth $168,000. Geneva Advisors LLC bought a new stake in shares of MSA Safety during the second quarter worth $210,000. Societe Generale bought a new stake in shares of MSA Safety during the second quarter worth $426,000. Finally, Aperio Group LLC increased its stake in shares of MSA Safety by 77.3% in the first quarter. Aperio Group LLC now owns 9,542 shares of the company’s stock worth $461,000 after buying an additional 4,159 shares in the last quarter. Institutional investors own 60.18% of the company’s stock.
MSA Safety Inc. (NYSE:MSA) traded up 3.16% on Friday, hitting $58.04. 115,221 shares of the company’s stock traded hands. The stock has a market cap of $2.18 billion, a P/E ratio of 27.56 and a beta of 1.62. The stock has a 50 day moving average price of $56.44 and a 200-day moving average price of $52.30. MSA Safety Inc. has a 12 month low of $37.68 and a 12 month high of $58.62.
MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.06. The company earned $296 million during the quarter, compared to the consensus estimate of $301.02 million. MSA Safety had a return on equity of 19.19% and a net margin of 6.69%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. Equities analysts predict that MSA Safety Inc. will post $2.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Thursday, August 18th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.27%. MSA Safety’s dividend payout ratio (DPR) is presently 64.39%.
A number of brokerages recently weighed in on MSA. Robert W. Baird downgraded shares of MSA Safety from an “outperform” rating to a “neutral” rating and raised their target price 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 target price on the stock in a research note on Tuesday, June 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.50.
In related news, insider Douglas K. Mcclaine sold 4,731 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $56.00, for a total transaction of $264,936.00. Following the completion of the transaction, the insider now directly owns 36,428 shares in the company, valued at approximately $2,039,968. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William M. Lambert sold 19,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $55.03, for a total value of $1,056,576.00. Following the transaction, the insider now owns 162,806 shares of the company’s stock, valued at $8,959,214.18. The disclosure for this sale can be found here. Corporate insiders own 15.53% of the company’s stock.
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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