abrdn plc trimmed its position in MSA Safety Incorporated (NYSE:MSA - Free Report) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,819 shares of the industrial products company's stock after selling 11,624 shares during the quarter. abrdn plc owned about 0.57% of MSA Safety worth $37,461,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Mutual of America Capital Management LLC increased its holdings in shares of MSA Safety by 0.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 21,267 shares of the industrial products company's stock worth $3,771,000 after buying an additional 71 shares during the last quarter. Legacy Wealth Asset Management LLC grew its position in MSA Safety by 1.3% in the third quarter. Legacy Wealth Asset Management LLC now owns 5,418 shares of the industrial products company's stock worth $961,000 after acquiring an additional 72 shares in the last quarter. UMB Bank n.a. increased its stake in MSA Safety by 78.4% during the fourth quarter. UMB Bank n.a. now owns 182 shares of the industrial products company's stock worth $30,000 after acquiring an additional 80 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in MSA Safety by 4.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,052 shares of the industrial products company's stock worth $364,000 after acquiring an additional 84 shares during the last quarter. Finally, Tidal Investments LLC raised its position in MSA Safety by 1.1% during the third quarter. Tidal Investments LLC now owns 8,060 shares of the industrial products company's stock valued at $1,429,000 after purchasing an additional 90 shares during the period. 92.51% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Jefferies Financial Group initiated coverage on MSA Safety in a research report on Thursday, December 12th. They set a "hold" rating and a $200.00 target price on the stock. B. Riley started coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They set a "buy" rating and a $200.00 price objective on the stock. Finally, DA Davidson started coverage on shares of MSA Safety in a report on Thursday, December 19th. They issued a "buy" rating and a $195.00 target price for the company. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $202.50.
Check Out Our Latest Analysis on MSA Safety
MSA Safety Trading Down 0.6 %
MSA traded down $1.08 during trading hours on Friday, reaching $165.25. 108,534 shares of the company's stock traded hands, compared to its average volume of 120,822. The firm has a 50-day moving average price of $167.08 and a 200 day moving average price of $172.68. The firm has a market capitalization of $6.50 billion, a PE ratio of 23.88 and a beta of 1.00. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48. MSA Safety Incorporated has a 52-week low of $153.79 and a 52-week high of $200.60.
MSA Safety Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, February 14th. MSA Safety's payout ratio is presently 29.48%.
About MSA Safety
(
Free Report)
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.
Read More
Before you consider MSA Safety, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MSA Safety wasn't on the list.
While MSA Safety currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
