Norges Bank acquired a new position in shares of MSA Safety Incorporporated (NYSE:MSA – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 417,620 shares of the industrial products company’s stock, valued at approximately $66,878,000.
A number of other institutional investors have also recently added to or reduced their stakes in MSA. Sanctuary Advisors LLC grew its stake in shares of MSA Safety Incorporporated by 1.6% in the fourth quarter. Sanctuary Advisors LLC now owns 3,958 shares of the industrial products company’s stock worth $634,000 after purchasing an additional 64 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of MSA Safety Incorporporated by 4.4% in the third quarter. Crossmark Global Holdings Inc. now owns 1,728 shares of the industrial products company’s stock worth $297,000 after purchasing an additional 73 shares in the last quarter. Clearstead Advisors LLC grew its stake in shares of MSA Safety Incorporporated by 2.8% in the fourth quarter. Clearstead Advisors LLC now owns 3,033 shares of the industrial products company’s stock worth $486,000 after purchasing an additional 82 shares in the last quarter. Allworth Financial LP grew its stake in shares of MSA Safety Incorporporated by 28.2% in the third quarter. Allworth Financial LP now owns 382 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 84 shares in the last quarter. Finally, Snowden Capital Advisors LLC grew its stake in shares of MSA Safety Incorporporated by 3.8% in the second quarter. Snowden Capital Advisors LLC now owns 2,327 shares of the industrial products company’s stock worth $390,000 after purchasing an additional 85 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have recently issued reports on MSA shares. National Bank Financial set a $235.00 price target on MSA Safety Incorporporated in a research note on Wednesday, February 18th. Robert W. Baird set a $197.00 price target on MSA Safety Incorporporated in a research note on Wednesday, May 6th. Wall Street Zen raised MSA Safety Incorporporated from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Jefferies Financial Group reissued a “hold” rating and issued a $180.00 price target (down from $200.00) on shares of MSA Safety Incorporporated in a research note on Tuesday, March 31st. Finally, Weiss Ratings cut MSA Safety Incorporporated from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, MSA Safety Incorporporated currently has an average rating of “Hold” and an average target price of $200.00.
MSA Safety Incorporporated Trading Down 0.2%
Shares of MSA stock opened at $161.14 on Friday. The stock has a 50-day simple moving average of $168.50 and a 200 day simple moving average of $173.13. MSA Safety Incorporporated has a fifty-two week low of $151.10 and a fifty-two week high of $208.92. The stock has a market capitalization of $6.22 billion, a P/E ratio of 21.78 and a beta of 0.96. The company has a quick ratio of 1.92, a current ratio of 3.17 and a debt-to-equity ratio of 0.45.
MSA Safety Incorporporated (NYSE:MSA – Get Free Report) last announced its earnings results on Monday, May 4th. The industrial products company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.14. MSA Safety Incorporporated had a return on equity of 24.54% and a net margin of 15.16%.The business had revenue of $463.63 million during the quarter, compared to analysts’ expectations of $451.28 million. During the same quarter last year, the business posted $1.68 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts expect that MSA Safety Incorporporated will post 8.86 earnings per share for the current fiscal year.
MSA Safety Incorporporated announced that its Board of Directors has approved a stock repurchase plan on Thursday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the industrial products company to repurchase up to 6.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
MSA Safety Incorporporated Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.54 per share. This is a positive change from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 15th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is currently 29.19%.
About MSA Safety Incorporporated
MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.
Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.
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