Edgestream Partners L.P. Buys Shares of 21,317 MSA Safety Incorporated (NYSE:MSA)

Edgestream Partners L.P. acquired a new position in MSA Safety Incorporated (NYSE:MSA - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,317 shares of the industrial products company's stock, valued at approximately $3,780,000. Edgestream Partners L.P. owned 0.05% of MSA Safety as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in MSA Safety by 198.8% in the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company's stock worth $46,000 after purchasing an additional 163 shares during the period. Blue Trust Inc. raised its stake 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 worth $47,000 after buying an additional 209 shares during the period. Covestor Ltd lifted its position 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 buying 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 stake in MSA Safety in the 2nd quarter worth $206,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

MSA Safety Price Performance

Shares of MSA Safety stock traded down $0.51 during mid-day trading on Friday, reaching $173.81. 100,820 shares of the stock traded hands, compared to its average volume of 171,633. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average of $172.33 and a 200 day moving average of $178.87. The stock has a market capitalization of $6.83 billion, a PE ratio of 25.12 and a beta of 0.99. MSA Safety Incorporated has a fifty-two week low of $160.02 and a fifty-two week high of $200.60.

MSA Safety (NYSE:MSA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.05. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The company had revenue of $432.68 million for the quarter, compared to analyst estimates of $449.95 million. During the same quarter last year, the firm posted $1.78 EPS. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts predict that MSA Safety Incorporated will post 7.64 EPS for the current year.

MSA Safety Dividend Announcement

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

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.