Barclays PLC boosted its holdings in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 62.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,688 shares of the industrial products company's stock after acquiring an additional 6,384 shares during the period. Barclays PLC's holdings in MSA Safety were worth $2,959,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of MSA Safety by 486.0% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 209 shares during the period. Quarry LP increased its position in MSA Safety by 690.5% during the third quarter. Quarry LP now owns 751 shares of the industrial products company's stock worth $133,000 after purchasing an additional 656 shares during the last quarter. Covestor Ltd boosted its holdings in shares of MSA Safety by 985.1% in the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company's stock valued at $143,000 after purchasing an additional 729 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of MSA Safety during the 3rd quarter worth $198,000. Finally, Kowal Investment Group LLC acquired a new position in MSA Safety in the second quarter valued at $204,000. Institutional investors and hedge funds own 92.51% of the company's stock.
MSA Safety Stock Performance
Shares of MSA traded up $2.73 during midday trading on Wednesday, hitting $168.94. 98,579 shares of the stock traded hands, compared to its average volume of 159,889. The business's 50 day moving average price is $171.63 and its two-hundred day moving average price is $177.66. The firm has a market capitalization of $6.64 billion, a PE ratio of 24.41 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68. MSA Safety Incorporated has a 1-year low of $160.02 and a 1-year high of $200.60.
MSA Safety (NYSE:MSA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The firm had revenue of $432.68 million during the quarter, compared to analyst estimates of $449.95 million. During the same period in the previous year, the business posted $1.78 EPS. MSA Safety's revenue was down 3.1% on a year-over-year basis. Equities research analysts predict that MSA Safety Incorporated will post 7.66 EPS for the current fiscal year.
MSA Safety Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, November 15th. MSA Safety's dividend payout ratio is presently 29.48%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on MSA. DA Davidson initiated coverage on MSA Safety in a report on Thursday, December 19th. They set a "buy" rating and a $195.00 target price for the company. Jefferies Financial Group started coverage on MSA Safety in a report on Thursday, December 12th. They issued a "hold" rating and a $200.00 price target for the company. Finally, B. Riley assumed coverage on MSA Safety in a report on Tuesday, November 5th. They set a "buy" rating and a $200.00 target price on the stock. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $202.50.
Check Out Our Latest Research Report on MSA
MSA Safety Company Profile
(
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.
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