Conestoga Capital Advisors LLC trimmed its stake in shares of MSA Safety Incorporporated (NYSE:MSA – Free Report) by 31.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 378,181 shares of the industrial products company’s stock after selling 176,393 shares during the quarter. MSA Safety Incorporporated comprises approximately 2.0% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Conestoga Capital Advisors LLC’s holdings in MSA Safety Incorporporated were worth $67,271,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC raised its position in shares of MSA Safety Incorporporated by 109.3% in the first quarter. Root Financial Partners LLC now owns 157 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 82 shares during the period. Allied Private Wealth LLC acquired a new stake in shares of MSA Safety Incorporporated during the 2nd quarter worth about $27,000. TD Waterhouse Canada Inc. lifted its stake in shares of MSA Safety Incorporporated by 74.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 174 shares of the industrial products company’s stock worth $31,000 after buying an additional 74 shares during the last quarter. Bank of New Hampshire bought a new stake in shares of MSA Safety Incorporporated during the 3rd quarter worth about $36,000. Finally, IFP Advisors Inc boosted its holdings in shares of MSA Safety Incorporporated by 623.3% during the 2nd quarter. IFP Advisors Inc now owns 217 shares of the industrial products company’s stock worth $38,000 after buying an additional 187 shares during the period. 92.51% of the stock is currently owned by institutional investors and hedge funds.
MSA Safety Incorporporated Trading Up 1.9%
Shares of MSA Safety Incorporporated stock opened at $177.30 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.02 and a current ratio of 2.65. The firm has a 50-day moving average of $182.19 and a 200-day moving average of $178.17. MSA Safety Incorporporated has a 52-week low of $152.86 and a 52-week high of $208.92. The stock has a market cap of $6.84 billion, a PE ratio of 19.65 and a beta of 0.92.
MSA Safety Incorporporated (NYSE:MSA – Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The industrial products company reported $2.09 EPS for the quarter, hitting analysts’ consensus estimates of $2.09. MSA Safety Incorporporated had a net margin of 15.03% and a return on equity of 24.84%. The business had revenue of $536.43 million for the quarter, compared to analyst estimates of $528.39 million. During the same period last year, the firm earned $1.77 earnings per share. MSA Safety Incorporporated’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, sell-side analysts forecast that MSA Safety Incorporporated will post 9.08 EPS for the current year.
MSA Safety Incorporporated Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 13th. MSA Safety Incorporporated’s dividend payout ratio is presently 26.87%.
Insider Activity
In other MSA Safety Incorporporated news, Chairman Nishan Vartanian sold 20,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $193.99, for a total transaction of $3,879,800.00. Following the transaction, the chairman owned 50,324 shares in the company, valued at $9,762,352.76. This represents a 28.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on MSA shares. Wall Street Zen lowered shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Weiss Ratings upgraded shares of MSA Safety Incorporporated from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, October 6th. Robert W. Baird boosted their price objective on MSA Safety Incorporporated from $197.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. DA Davidson set a $223.00 target price on MSA Safety Incorporporated in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. increased their target price on MSA Safety Incorporporated from $210.00 to $220.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $211.33.
View Our Latest Stock Report on MSA
MSA Safety Incorporporated Profile
MSA Safety Incorporated (NYSE: MSA) develops and manufactures safety products and systems designed to protect workers and facility operations. Its offerings include industrial and firefighter helmets, eye and face protection, hearing protection, respiratory protection, protective clothing, and fall-protection equipment.
The company also provides portable and fixed gas-detection systems, flame detection and suppression technologies, thermal imaging cameras, and related software and services.
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