Hunter Perkins Capital Management LLC Acquires Shares of 5,000 MSA Safety Incorporporated $MSA

Hunter Perkins Capital Management LLC acquired a new position in shares of MSA Safety Incorporporated (NYSE:MSA) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 5,000 shares of the industrial products company’s stock, valued at approximately $838,000.

Several other institutional investors and hedge funds have also modified their holdings of MSA. Sendero Wealth Management LLC acquired a new stake in MSA Safety Incorporporated during the 2nd quarter valued at $550,000. Hilltop National Bank bought a new position in shares of MSA Safety Incorporporated in the second quarter valued at about $116,000. Public Employees Retirement System of Ohio lifted its position in MSA Safety Incorporporated by 0.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,765 shares of the industrial products company’s stock worth $1,971,000 after buying an additional 99 shares in the last quarter. Argent Capital Management LLC bought a new stake in MSA Safety Incorporporated during the 2nd quarter worth about $17,181,000. Finally, GAMMA Investing LLC increased its position in MSA Safety Incorporporated by 48.0% in the 2nd quarter. GAMMA Investing LLC now owns 398 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 129 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Stephanie L. Sciullo sold 2,361 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $169.51, for a total transaction of $400,213.11. Following the completion of the transaction, the president owned 9,083 shares in the company, valued at approximately $1,539,659.33. This represents a 20.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MSA. Weiss Ratings restated a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research report on Saturday, September 27th. Stifel Nicolaus assumed coverage on MSA Safety Incorporporated in a research note on Wednesday, July 16th. They set a “hold” rating and a $182.00 price target on the stock. Wall Street Zen upgraded MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, DA Davidson raised their target price on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, MSA Safety Incorporporated currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.20.

MSA Safety Incorporporated Stock Up 0.1%

Shares of MSA stock opened at $173.79 on Monday. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 24.79 and a beta of 0.99. MSA Safety Incorporporated has a 12-month low of $127.86 and a 12-month high of $182.85. The firm has a fifty day moving average of $172.31 and a 200-day moving average of $163.84. The company has a quick ratio of 1.90, a current ratio of 3.11 and a debt-to-equity ratio of 0.54.

MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings results on Monday, August 4th. The industrial products company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.17. The firm had revenue of $474.12 million for the quarter, compared to the consensus estimate of $446.46 million. MSA Safety Incorporporated had a return on equity of 26.03% and a net margin of 15.15%.The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $2.01 EPS. As a group, equities research analysts predict that MSA Safety Incorporporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Incorporporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. MSA Safety Incorporporated’s payout ratio is currently 30.24%.

MSA Safety Incorporporated Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.