First Trust Advisors LP Reduces Position in MSA Safety Incorporporated (MSA)
First Trust Advisors LP lowered its position in MSA Safety Incorporporated (NYSE:MSA) by 5.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,996 shares of the industrial products company’s stock after selling 1,635 shares during the period. First Trust Advisors LP owned 0.08% of MSA Safety Incorporporated worth $2,354,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its holdings in MSA Safety Incorporporated by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 53,556 shares of the industrial products company’s stock worth $3,713,000 after buying an additional 1,001 shares during the last quarter. BlackRock Inc. increased its holdings in MSA Safety Incorporporated by 20,572.3% in the first quarter. BlackRock Inc. now owns 3,192,629 shares of the industrial products company’s stock worth $225,685,000 after buying an additional 3,177,185 shares during the last quarter. Prudential Financial Inc. increased its holdings in MSA Safety Incorporporated by 36.6% in the first quarter. Prudential Financial Inc. now owns 27,652 shares of the industrial products company’s stock worth $1,955,000 after buying an additional 7,410 shares during the last quarter. Parametrica Management Ltd increased its holdings in MSA Safety Incorporporated by 92.4% in the second quarter. Parametrica Management Ltd now owns 5,743 shares of the industrial products company’s stock worth $466,000 after buying an additional 2,758 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in MSA Safety Incorporporated by 242.4% in the first quarter. SG Americas Securities LLC now owns 6,705 shares of the industrial products company’s stock worth $474,000 after buying an additional 4,747 shares during the last quarter. Hedge funds and other institutional investors own 68.24% of the company’s stock.
A number of research firms recently commented on MSA. Stifel Nicolaus increased their price objective on MSA Safety Incorporporated from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, May 22nd. Robert W. Baird increased their price objective on MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, June 30th. Zacks Investment Research downgraded MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, BidaskClub downgraded MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $87.50.
MSA Safety Incorporporated (MSA) opened at 70.74 on Friday. MSA Safety Incorporporated has a one year low of $53.10 and a one year high of $84.86. The firm’s 50-day moving average price is $72.67 and its 200 day moving average price is $75.01. The firm has a market cap of $2.70 billion, a P/E ratio of 35.64 and a beta of 1.64.
MSA Safety Incorporporated (NYSE:MSA) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.02. The company had revenue of $288.78 million for the quarter, compared to analyst estimates of $302.94 million. MSA Safety Incorporporated had a return on equity of 19.64% and a net margin of 6.74%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS. On average, equities research analysts forecast that MSA Safety Incorporporated will post $3.19 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Monday, August 14th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is 71.07%.
In other MSA Safety Incorporporated news, Director John T. Ryan III sold 32,100 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $71.43, for a total transaction of $2,292,903.00. Following the transaction, the director now owns 1,025,013 shares of the company’s stock, valued at approximately $73,216,678.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Markus H. Weber sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $71.08, for a total value of $163,484.00. Following the transaction, the vice president now directly owns 13,801 shares in the company, valued at approximately $980,975.08. The disclosure for this sale can be found here. 15.53% of the stock is owned by insiders.
MSA Safety Incorporporated 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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