Edgestream Partners L.P. Grows Holdings in MSA Safety Incorporated (NYSE:MSA)

Edgestream Partners L.P. increased its stake in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 100.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,779 shares of the industrial products company's stock after buying an additional 21,462 shares during the quarter. Edgestream Partners L.P. owned about 0.11% of MSA Safety worth $7,091,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of 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 purchasing an additional 80 shares during the period. SRS Capital Advisors Inc. lifted its stake in MSA Safety by 120.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 225 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 123 shares during the period. JFS Wealth Advisors LLC boosted its holdings in shares of MSA Safety by 97.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 251 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 124 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of MSA Safety by 81.3% in the 4th quarter. First Horizon Advisors Inc. now owns 330 shares of the industrial products company's stock valued at $55,000 after acquiring an additional 148 shares during the last quarter. Finally, Hilltop National Bank increased its stake in shares of MSA Safety by 23.5% in the fourth quarter. Hilltop National Bank now owns 520 shares of the industrial products company's stock worth $86,000 after acquiring an additional 99 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, CAO Jonathan D. Buck sold 717 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 3,673 shares in the company, valued at $584,007. This trade represents a 16.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.20% of the stock is currently owned by insiders.

MSA Safety Price Performance

Shares of MSA stock traded down $2.78 during trading hours on Tuesday, hitting $152.69. 135,030 shares of the company's stock were exchanged, compared to its average volume of 155,026. MSA Safety Incorporated has a fifty-two week low of $151.03 and a fifty-two week high of $200.61. The firm has a market cap of $5.99 billion, a P/E ratio of 21.18 and a beta of 0.99. The company has a quick ratio of 1.76, a current ratio of 2.79 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $162.36 and a two-hundred day moving average of $169.43.

MSA Safety (NYSE:MSA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that MSA Safety Incorporated will post 8.06 EPS for the current year.

MSA Safety Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, February 14th. MSA Safety's dividend payout ratio is presently 28.29%.

Wall Street Analyst Weigh In

MSA has been the subject of a number of analyst reports. Robert W. Baird decreased their price target on MSA Safety from $190.00 to $175.00 and set a "neutral" rating for the company 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 for the company. Finally, DA Davidson initiated coverage on shares of MSA Safety in a research report on Thursday, December 19th. They set a "buy" rating and a $195.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $197.00.

MSA Safety Profile

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.