Corebridge Financial Inc. decreased its position in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,464 shares of the industrial products company's stock after selling 2,055 shares during the period. Corebridge Financial Inc. owned about 0.11% of MSA Safety worth $7,371,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new stake in shares of MSA Safety during the fourth quarter worth about $1,131,000. Redmond Asset Management LLC purchased a new stake in MSA Safety during the 4th quarter worth approximately $362,000. Anchor Capital Advisors LLC raised its position in shares of MSA Safety by 18.8% in the 4th quarter. Anchor Capital Advisors LLC now owns 10,700 shares of the industrial products company's stock valued at $1,774,000 after purchasing an additional 1,694 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of MSA Safety by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 424,356 shares of the industrial products company's stock valued at $70,345,000 after buying an additional 6,119 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of MSA Safety by 27.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 124,041 shares of the industrial products company's stock worth $20,468,000 after buying an additional 26,470 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company's stock.
MSA Safety Stock Performance
MSA stock traded up $1.49 during trading on Wednesday, hitting $148.57. 25,406 shares of the company's stock traded hands, compared to its average volume of 160,430. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 20.61 and a beta of 0.99. MSA Safety Incorporated has a 52 week low of $144.12 and a 52 week high of $200.60. The stock has a fifty day moving average price of $158.45 and a two-hundred day moving average price of $166.61. The company has a quick ratio of 1.76, a current ratio of 2.79 and a debt-to-equity ratio of 0.42.
MSA Safety (NYSE:MSA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. MSA Safety had a net margin of 15.76% and a return on equity of 28.64%. As a group, equities analysts anticipate that MSA Safety Incorporated will post 8.06 EPS for the current fiscal year.
MSA Safety Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Friday, February 14th. MSA Safety's payout ratio is 28.29%.
Insider Buying and Selling
In other MSA Safety news, CAO Jonathan D. Buck sold 717 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $159.00, for a total value of $114,003.00. Following the sale, the chief accounting officer now directly owns 3,673 shares in the company, valued at approximately $584,007. This trade represents a 16.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 6.20% of the company's stock.
Analyst Upgrades and Downgrades
MSA has been the topic of several recent analyst reports. Robert W. Baird cut their price target on shares of MSA Safety from $190.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group started coverage on shares of MSA Safety in a research note on Thursday, December 12th. They issued a "hold" rating and a $200.00 target price on the stock. Finally, DA Davidson assumed coverage on MSA Safety in a research note on Thursday, December 19th. They issued a "buy" rating and a $195.00 price target for the company. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, MSA Safety currently has an average rating of "Buy" and an average target price of $197.00.
Read Our Latest Stock Report on MSA Safety
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.
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