Morgan Dempsey Capital Management LLC Has $10,466,000 Position in MSA Safety Inc. (MSA)
Morgan Dempsey Capital Management LLC lowered its position in MSA Safety Inc. (NYSE:MSA) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 199,241 shares of the company’s stock after selling 6,454 shares during the period. MSA Safety accounts for about 3.5% of Morgan Dempsey Capital Management LLC’s holdings, making the stock its 6th largest position. Morgan Dempsey Capital Management LLC owned 0.53% of MSA Safety worth $10,466,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. LS Investment Advisors LLC increased its stake in shares of MSA Safety by 77.3% in the second quarter. LS Investment Advisors LLC now owns 1,947 shares of the company’s stock worth $102,000 after buying an additional 849 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of MSA Safety during the second quarter worth about $168,000. Aperio Group LLC increased its stake in shares of MSA Safety by 77.3% in the first quarter. Aperio Group LLC now owns 9,542 shares of the company’s stock worth $461,000 after buying an additional 4,159 shares during the last quarter. BlackRock Inc. increased its position in MSA Safety by 9.8% in the first quarter. BlackRock Inc. now owns 12,357 shares of the company’s stock valued at $597,000 after buying an additional 1,099 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in MSA Safety by 8.7% in the first quarter. Meeder Asset Management Inc. now owns 13,018 shares of the company’s stock valued at $629,000 after buying an additional 1,047 shares in the last quarter. 60.18% of the stock is owned by hedge funds and other institutional investors.
Shares of MSA Safety Inc. (NYSE:MSA) traded up 0.02% during trading on Wednesday, hitting $57.45. The stock had a trading volume of 83,622 shares. The stock has a 50-day moving average of $56.55 and a 200 day moving average of $52.52. MSA Safety Inc. has a 12-month low of $37.68 and a 12-month high of $58.62. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 27.28 and a beta of 1.60.
MSA Safety (NYSE:MSA) last released its earnings results on Wednesday, July 20th. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.06. MSA Safety had a return on equity of 19.19% and a net margin of 6.69%. The firm had revenue of $296 million for the quarter, compared to the consensus estimate of $301.02 million. During the same period in the prior year, the business posted $0.67 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts predict that MSA Safety Inc. will post $2.76 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Thursday, August 18th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $1.32 annualized dividend and a yield of 2.30%. MSA Safety’s dividend payout ratio (DPR) is presently 64.39%.
Several research firms have weighed in on MSA. Robert W. Baird downgraded MSA Safety from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $54.00 to $57.00 in a research report on Friday, July 22nd. Stifel Nicolaus raised MSA Safety from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Tuesday, June 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $55.50.
In related news, insider William M. Lambert sold 19,200 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $55.03, for a total transaction of $1,056,576.00. Following the transaction, the insider now directly owns 162,806 shares in the company, valued at $8,959,214.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas K. Mcclaine sold 4,731 shares of the stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $56.00, for a total value of $264,936.00. Following the transaction, the insider now owns 36,428 shares in the company, valued at $2,039,968. The disclosure for this sale can be found here. Corporate insiders own 15.53% of the company’s stock.
MSA Safety Company Profile
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
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