Great Valley Advisor Group Inc. Increases Stake in MSA Safety Incorporated (NYSE:MSA)

Great Valley Advisor Group Inc. grew its position in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 67.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,385 shares of the industrial products company's stock after purchasing an additional 9,433 shares during the period. Great Valley Advisor Group Inc. owned approximately 0.06% of MSA Safety worth $4,147,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MSA. GAMMA Investing LLC grew its position 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. lifted 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 worth $47,000 after acquiring an additional 209 shares during the last quarter. Covestor Ltd lifted 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 worth $143,000 after acquiring an additional 729 shares during the last quarter. Kowal Investment Group LLC bought a new stake in shares of MSA Safety during the 2nd quarter worth $204,000. Finally, CIBC Asset Management Inc bought a new stake in shares of MSA Safety during the 2nd quarter worth $206,000. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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 for the company.

MSA Safety Trading Up 1.9 %

MSA Safety stock traded up $3.20 during mid-day trading on Friday, hitting $174.98. The company's stock had a trading volume of 253,175 shares, compared to its average volume of 177,167. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 25.29 and a beta of 0.99. The business has a 50 day moving average price of $173.02 and a 200-day moving average price of $179.47. MSA Safety Incorporated has a 12 month low of $160.02 and a 12 month high of $200.60.

MSA Safety (NYSE:MSA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The business had revenue of $432.68 million during the quarter, compared to the consensus estimate 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 for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 earnings per share. As a group, analysts forecast that MSA Safety Incorporated will post 7.64 EPS for the current year.

MSA Safety Dividend Announcement

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

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.