Milestone Asset Management LLC Invests $759,000 in MSA Safety Incorporated (NYSE:MSA)

Milestone Asset Management LLC acquired a new stake in MSA Safety Incorporated (NYSE:MSA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,580 shares of the industrial products company's stock, valued at approximately $759,000.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. raised its stake in shares of MSA Safety by 78.4% in the 4th quarter. UMB Bank n.a. now owns 182 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 80 shares during the period. Blue Trust Inc. raised its stake in 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 in the last quarter. Hilltop National Bank boosted its position in shares of MSA Safety by 23.5% in the 4th quarter. Hilltop National Bank now owns 520 shares of the industrial products company's stock valued at $86,000 after purchasing an additional 99 shares during the period. Quarry LP grew its position in shares of MSA Safety by 690.5% during the third quarter. Quarry LP now owns 751 shares of the industrial products company's stock worth $133,000 after acquiring an additional 656 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of MSA Safety by 985.1% in the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company's stock valued at $143,000 after acquiring an additional 729 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

MSA Safety Stock Performance

Shares of MSA Safety stock traded up $2.09 on Thursday, reaching $165.70. 63,402 shares of the stock were exchanged, compared to its average volume of 123,321. The firm has a market capitalization of $6.51 billion, a PE ratio of 23.91 and a beta of 1.00. The business has a fifty day moving average price of $168.40 and a two-hundred day moving average price of $173.96. MSA Safety Incorporated has a 1-year low of $153.79 and a 1-year high of $200.60. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48.

MSA Safety Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Friday, February 14th. MSA Safety's dividend payout ratio is presently 29.48%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. B. Riley initiated coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They set a "buy" rating and a $200.00 price objective on the stock. Jefferies Financial Group assumed coverage on MSA Safety in a research report on Thursday, December 12th. They issued a "hold" rating and a $200.00 price target on the stock. Finally, DA Davidson started coverage on MSA Safety in a research note on Thursday, December 19th. They set a "buy" rating and a $195.00 price objective for the company. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, MSA Safety presently has a consensus rating of "Buy" and a consensus target price of $202.50.

MSA Safety Company 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.