Inceptionr LLC purchased a new stake in MSA Safety Incorporated (NYSE:MSA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,969 shares of the industrial products company's stock, valued at approximately $1,155,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC acquired a new stake in MSA Safety during the 4th quarter worth approximately $1,131,000. Redmond Asset Management LLC acquired a new stake in shares of MSA Safety during the fourth quarter worth $362,000. Anchor Capital Advisors LLC lifted its position in 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 acquiring an additional 1,694 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in MSA Safety by 27.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 124,041 shares of the industrial products company's stock worth $20,468,000 after purchasing an additional 26,470 shares during the period. Finally, Great Valley Advisor Group Inc. boosted its stake in MSA Safety by 67.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 23,385 shares of the industrial products company's stock worth $4,147,000 after purchasing an additional 9,433 shares during the period. Institutional investors and hedge funds own 92.51% of the company's stock.
Analysts Set New Price Targets
MSA has been the topic of a number of research reports. Jefferies Financial Group began coverage on MSA Safety in a report on Thursday, December 12th. They issued a "hold" rating and a $200.00 price target on the stock. Robert W. Baird cut their target price on MSA Safety from $190.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, DA Davidson started coverage on shares of MSA Safety in a research report on Thursday, December 19th. They issued a "buy" rating and a $195.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $197.00.
Get Our Latest Stock Analysis on MSA Safety
MSA Safety Stock Down 1.5 %
MSA stock traded down $2.33 during mid-day trading on Monday, reaching $155.66. The company had a trading volume of 142,922 shares, compared to its average volume of 155,125. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 21.59 and a beta of 0.99. MSA Safety Incorporated has a 52 week low of $153.79 and a 52 week high of $200.61. The stock has a 50 day simple moving average of $162.57 and a two-hundred day simple moving average of $169.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.79 and a quick ratio of 1.76.
MSA Safety (NYSE:MSA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $2.25 EPS 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 predict that MSA Safety Incorporated will post 8.06 earnings per share for the current fiscal year.
MSA Safety Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $0.51 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.04 annualized dividend and a yield of 1.31%. MSA Safety's dividend payout ratio is 28.29%.
Insider Activity
In other MSA Safety news, CAO Jonathan D. Buck sold 717 shares of MSA Safety stock in a transaction on Monday, February 24th. The shares were sold at an average price of $159.00, for a total transaction of $114,003.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,673 shares of the company's stock, valued at $584,007. The trade was a 16.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.20% of the company's stock.
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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