Dynamic Technology Lab Private Ltd Takes $1.38 Million Position in MSA Safety Incorporated (NYSE:MSA)

Dynamic Technology Lab Private Ltd purchased a new position in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,759 shares of the industrial products company's stock, valued at approximately $1,376,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of MSA Safety by 198.8% during the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of MSA Safety by 486.0% during the 3rd 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 in the last quarter. Covestor Ltd increased its holdings in shares of MSA Safety by 985.1% during 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 in the last quarter. Kowal Investment Group LLC purchased a new position in shares of MSA Safety during the 2nd quarter valued at approximately $204,000. Finally, CIBC Asset Management Inc purchased a new position in shares of MSA Safety during the 2nd quarter valued at approximately $206,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

MSA Safety Price Performance

Shares of NYSE MSA opened at $174.78 on Wednesday. The firm has a market cap of $6.87 billion, a PE ratio of 25.26 and a beta of 0.99. The firm has a fifty day moving average of $172.88 and a 200 day moving average of $179.21. 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 one year low of $160.02 and a one year high of $200.60.

MSA Safety (NYSE:MSA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. The company had revenue of $432.68 million during the quarter, compared to analyst estimates of $449.95 million. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The firm's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. As a group, research analysts predict that MSA Safety Incorporated will post 7.64 EPS for the current fiscal year.

MSA Safety Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, November 15th. MSA Safety's payout ratio is presently 29.48%.

Analysts Set New Price Targets

Separately, B. Riley started coverage on shares of MSA Safety in a report on Tuesday, November 5th. They set a "buy" rating and a $200.00 target price for the company.

About MSA Safety

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.