Victory Capital Management Inc. Boosts Holdings in MSA Safety Incorporated (NYSE:MSA)

Victory Capital Management Inc. raised its holdings in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 33.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,454 shares of the industrial products company's stock after acquiring an additional 21,902 shares during the quarter. Victory Capital Management Inc. owned approximately 0.22% of MSA Safety worth $15,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in MSA Safety by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 770,641 shares of the industrial products company's stock valued at $144,642,000 after acquiring an additional 22,366 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in MSA Safety by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 738,951 shares of the industrial products company's stock valued at $138,695,000 after acquiring an additional 22,979 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in MSA Safety by 12.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 718,969 shares of the industrial products company's stock valued at $139,186,000 after acquiring an additional 77,960 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in MSA Safety by 43.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 440,316 shares of the industrial products company's stock valued at $78,086,000 after acquiring an additional 133,373 shares during the last quarter. Finally, Cooke & Bieler LP bought a new stake in MSA Safety in the 2nd quarter valued at $60,236,000. Hedge funds and other institutional investors own 92.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MSA. B. Riley began coverage on shares of MSA Safety in a report on Tuesday, November 5th. They issued a "buy" rating and a $200.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of MSA Safety from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, July 26th.

MSA Safety Stock Up 2.3 %

Shares of MSA traded up $3.92 during mid-day trading on Wednesday, hitting $171.96. The company's stock had a trading volume of 199,698 shares, compared to its average volume of 153,711. The company's 50-day moving average is $173.06 and its 200-day moving average is $179.71. MSA Safety Incorporated has a 52-week low of $160.02 and a 52-week high of $200.60. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 24.30 and a beta of 0.99. 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 (NYSE:MSA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The company had revenue of $432.68 million during the quarter, compared to analysts' expectations of $449.95 million. During the same quarter in the prior year, the company posted $1.78 earnings per share. MSA Safety's revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities research analysts forecast that MSA Safety Incorporated will post 7.64 EPS for the current fiscal year.

MSA Safety Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.19%. MSA Safety's payout ratio is 29.48%.

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.