Retirement Systems of Alabama Acquires 137 Shares of MSA Safety Incorporporated (MSA)
Retirement Systems of Alabama raised its stake in MSA Safety Incorporporated (NYSE:MSA) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,597 shares of the industrial products company’s stock after buying an additional 137 shares during the period. Retirement Systems of Alabama owned 0.11% of MSA Safety Incorporporated worth $3,295,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MSA Safety Incorporporated by 71.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,436 shares of the industrial products company’s stock valued at $102,000 after buying an additional 597 shares in the last quarter. Capstone Asset Management Co. acquired a new stake in MSA Safety Incorporporated during the first quarter valued at approximately $201,000. LS Investment Advisors LLC increased its stake in MSA Safety Incorporporated by 16.8% in the second quarter. LS Investment Advisors LLC now owns 2,480 shares of the industrial products company’s stock valued at $201,000 after buying an additional 357 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in MSA Safety Incorporporated during the first quarter valued at approximately $202,000. Finally, Park National Corp OH acquired a new stake in MSA Safety Incorporporated during the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 65.96% of the company’s stock.
MSA Safety Incorporporated (MSA) opened at 69.04 on Tuesday. MSA Safety Incorporporated has a 12-month low of $53.10 and a 12-month high of $84.86. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 34.78 and a beta of 1.62. The firm’s 50-day moving average is $75.90 and its 200 day moving average is $74.91.
MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by $0.02. The company had revenue of $288.78 million for the quarter, compared to analysts’ expectations of $302.94 million. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.79 EPS. On average, equities analysts expect that MSA Safety Incorporporated will post $3.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, August 14th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is presently 71.07%.
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Several equities research analysts recently commented on MSA shares. Stifel Nicolaus lifted their target price on shares of MSA Safety Incorporporated from $81.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Zacks Investment Research upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Tuesday, May 2nd. BidaskClub downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Robert W. Baird raised their price target on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, June 30th. Finally, Barrington Research raised their price target on shares of MSA Safety Incorporporated from $78.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $87.50.
MSA Safety Incorporporated 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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