VIRGINIA RETIREMENT SYSTEMS ET Al decreased its holdings in MSA Safety Incorporporated (NYSE:MSA – Free Report) by 81.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,500 shares of the industrial products company’s stock after selling 11,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in MSA Safety Incorporporated were worth $445,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. bought a new stake in shares of MSA Safety Incorporporated in the third quarter valued at approximately $638,000. Schwartz Investment Counsel Inc. bought a new position in MSA Safety Incorporporated in the 3rd quarter worth approximately $204,000. Pullen Investment Management LLC boosted its holdings in MSA Safety Incorporporated by 0.6% in the 3rd quarter. Pullen Investment Management LLC now owns 16,613 shares of the industrial products company’s stock worth $2,955,000 after buying an additional 101 shares during the period. Signaturefd LLC boosted its holdings in MSA Safety Incorporporated by 150.3% in the 3rd quarter. Signaturefd LLC now owns 363 shares of the industrial products company’s stock worth $65,000 after buying an additional 218 shares during the period. Finally, Citizens Financial Group Inc. RI purchased a new position in MSA Safety Incorporporated in the 3rd quarter valued at approximately $318,000. Institutional investors own 92.51% of the company’s stock.
MSA Safety Incorporporated Stock Down 0.0%
MSA stock opened at $169.92 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.65 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $6.55 billion, a PE ratio of 21.84 and a beta of 0.92. MSA Safety Incorporporated has a twelve month low of $152.86 and a twelve month high of $208.92. The stock has a 50-day simple moving average of $181.36 and a two-hundred day simple moving average of $178.05.
MSA Safety Incorporporated (NYSE:MSA – Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The industrial products company reported $2.09 earnings per share for the quarter, meeting the consensus estimate of $2.09. MSA Safety Incorporporated had a return on equity of 24.86% and a net margin of 15.03%. The firm had revenue of $536.43 million for the quarter, compared to analysts’ expectations of $528.39 million. During the same period in the prior year, the business posted $1.77 earnings per share. The company’s revenue was up 14.5% on a year-over-year basis. On average, equities analysts predict that MSA Safety Incorporporated will post 9.12 EPS for the current fiscal year.
MSA Safety Incorporporated Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 13th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is 27.76%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. DA Davidson set a $223.00 price objective on shares of MSA Safety Incorporporated in a research note on Tuesday, August 4th. Weiss Ratings downgraded MSA Safety Incorporporated from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. B. Riley Financial downgraded MSA Safety Incorporporated from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $210.00 to $195.00 in a research report on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on MSA Safety Incorporporated from $210.00 to $220.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Robert W. Baird lifted their price target on MSA Safety Incorporporated from $197.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating and four have issued 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 price target of $211.33.
Get Our Latest Stock Analysis on MSA Safety Incorporporated
MSA Safety Incorporporated Company 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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