MSA Safety Incorporporated (MSA) Position Raised by Pacad Investment Ltd.
Pacad Investment Ltd. boosted its position in shares of MSA Safety Incorporporated (NYSE:MSA) by 27.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,300 shares of the industrial products company’s stock after purchasing an additional 500 shares during the period. Pacad Investment Ltd.’s holdings in MSA Safety Incorporporated were worth $187,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MSA. BlackRock Inc. grew its holdings in MSA Safety Incorporporated by 20,572.3% during the 1st quarter. BlackRock Inc. now owns 3,192,629 shares of the industrial products company’s stock valued at $225,685,000 after purchasing an additional 3,177,185 shares in the last quarter. State Street Corp grew its holdings in MSA Safety Incorporporated by 117.4% during the 1st quarter. State Street Corp now owns 2,098,154 shares of the industrial products company’s stock valued at $148,317,000 after purchasing an additional 1,133,038 shares in the last quarter. Principal Financial Group Inc. grew its holdings in MSA Safety Incorporporated by 96.4% during the 2nd quarter. Principal Financial Group Inc. now owns 851,097 shares of the industrial products company’s stock valued at $69,084,000 after purchasing an additional 417,796 shares in the last quarter. SG Capital Management LLC acquired a new stake in MSA Safety Incorporporated during the 2nd quarter valued at $25,020,000. Finally, Vanguard Group Inc. grew its holdings in MSA Safety Incorporporated by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 3,060,446 shares of the industrial products company’s stock valued at $216,344,000 after purchasing an additional 247,532 shares in the last quarter. 68.24% of the stock is owned by institutional investors and hedge funds.
MSA Safety Incorporporated (MSA) opened at 72.43 on Thursday. 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 is $72.25 and its 200 day moving average is $75.11. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 36.49 and a beta of 1.64.
MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.02). MSA Safety Incorporporated had a return on equity of 19.64% and a net margin of 6.74%. The firm had revenue of $288.78 million during the quarter, compared to analyst estimates of $302.94 million. During the same quarter in the previous year, the firm posted $0.79 earnings per share. MSA Safety Incorporporated’s quarterly revenue was down 2.4% compared to the same quarter last year. Analysts forecast that MSA Safety Incorporporated will post $3.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Monday, August 14th. MSA Safety Incorporporated’s payout ratio is 71.07%.
In other news, VP Markus H. Weber sold 2,300 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $71.08, for a total value of $163,484.00. Following the completion of the sale, the vice president now directly owns 13,801 shares in the company, valued at $980,975.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John T. Ryan III sold 32,100 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 1,025,013 shares of the company’s stock, valued at $73,216,678.59. The disclosure for this sale can be found here. 15.53% of the stock is currently owned by insiders.
A number of research firms recently weighed in on MSA. Stifel Nicolaus raised their price target on shares of MSA Safety Incorporporated from $81.00 to $91.00 and gave the company a “buy” rating in a report on Monday, May 22nd. Robert W. Baird raised their price objective 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. Zacks Investment Research lowered shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, BidaskClub lowered shares of MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $87.50.
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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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