Peregrine Capital Management LLC Sells 1,750 Shares of MSA Safety Incorporporated $MSA

Peregrine Capital Management LLC trimmed its position in MSA Safety Incorporporated (NYSE:MSA) by 30.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,988 shares of the industrial products company’s stock after selling 1,750 shares during the quarter. Peregrine Capital Management LLC’s holdings in MSA Safety Incorporporated were worth $668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bayforest Capital Ltd raised its stake in shares of MSA Safety Incorporporated by 3,400.0% in the 1st quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock valued at $26,000 after buying an additional 170 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of MSA Safety Incorporporated by 39.4% in the 1st quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company’s stock valued at $39,000 after buying an additional 76 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of MSA Safety Incorporporated by 115.4% in the 2nd quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock valued at $49,000 after buying an additional 157 shares in the last quarter. Hilltop National Bank acquired a new position in shares of MSA Safety Incorporporated in the 2nd quarter valued at $116,000. Finally, CWM LLC raised its stake in shares of MSA Safety Incorporporated by 96.1% in the 2nd quarter. CWM LLC now owns 696 shares of the industrial products company’s stock valued at $117,000 after buying an additional 341 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

MSA Safety Incorporporated Trading Down 2.6%

Shares of MSA Safety Incorporporated stock opened at $162.48 on Wednesday. The stock has a market capitalization of $6.36 billion, a P/E ratio of 23.18 and a beta of 0.99. The company has a quick ratio of 1.90, a current ratio of 3.11 and a debt-to-equity ratio of 0.54. The company has a 50-day simple moving average of $170.09 and a 200 day simple moving average of $166.71. MSA Safety Incorporporated has a 12-month low of $127.86 and a 12-month high of $182.85.

MSA Safety Incorporporated (NYSE:MSA) last announced its earnings results on Tuesday, October 28th. The industrial products company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The business had revenue of $468.40 million during the quarter, compared to analysts’ expectations of $461.37 million. MSA Safety Incorporporated had a net margin of 15.15% and a return on equity of 26.03%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $1.83 EPS. Research analysts expect that MSA Safety Incorporporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Incorporporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 15th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is presently 30.24%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MSA. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Weiss Ratings restated a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research note on Wednesday, October 8th. Stifel Nicolaus began coverage on shares of MSA Safety Incorporporated in a research report on Wednesday, July 16th. They set a “hold” rating and a $182.00 target price for the company. Finally, DA Davidson increased their target price on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $189.20.

Insiders Place Their Bets

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

About MSA Safety Incorporporated

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.