Riverhead Capital Management LLC Has $103,000 Position in MSA Safety Incorporporated (MSA)
Riverhead Capital Management LLC increased its stake in shares of MSA Safety Incorporporated (NYSE:MSA) by 58.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,265 shares of the industrial products company’s stock after purchasing an additional 465 shares during the period. Riverhead Capital Management LLC’s holdings in MSA Safety Incorporporated were worth $103,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Wells Fargo & Company MN grew its stake in shares of MSA Safety Incorporporated by 6.1% during the second quarter. Wells Fargo & Company MN now owns 41,980 shares of the industrial products company’s stock worth $3,408,000 after purchasing an additional 2,417 shares during the period. Northwestern Mutual Investment Management Company LLC grew its stake in shares of MSA Safety Incorporporated by 1.7% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,495 shares of the industrial products company’s stock worth $289,000 after purchasing an additional 94 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of MSA Safety Incorporporated by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,596 shares of the industrial products company’s stock worth $373,000 after purchasing an additional 18 shares during the period. JPMorgan Chase & Co. grew its stake in shares of MSA Safety Incorporporated by 55.6% during the second quarter. JPMorgan Chase & Co. now owns 49,265 shares of the industrial products company’s stock worth $4,000,000 after purchasing an additional 17,609 shares during the period. Finally, State of Tennessee Treasury Department acquired a new stake in shares of MSA Safety Incorporporated during the second quarter worth $4,059,000. 66.74% of the stock is owned by institutional investors and hedge funds.
In other MSA Safety Incorporporated news, VP Markus H. Weber sold 5,811 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $72.80, for a total transaction of $423,040.80. Following the completion of the sale, the vice president now directly owns 15,950 shares in the company, valued at approximately $1,161,160. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John T. Ryan III sold 32,100 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $71.43, for a total value of $2,292,903.00. Following 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. Over the last quarter, insiders have sold 40,211 shares of company stock valued at $2,879,428. Company insiders own 15.53% of the company’s stock.
Shares of MSA Safety Incorporporated (NYSE MSA) opened at 77.90 on Friday. The firm has a market capitalization of $2.97 billion, a PE ratio of 39.24 and a beta of 1.64. The company’s 50 day moving average price is $73.86 and its 200-day moving average price is $75.78. MSA Safety Incorporporated has a 52 week low of $55.00 and a 52 week high of $84.86.
MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings results 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 business had revenue of $288.78 million for the quarter, compared to analyst estimates of $302.94 million. During the same quarter in the previous year, the business posted $0.79 earnings per share. The business’s revenue was down 2.4% on a year-over-year basis. On average, equities research analysts expect that MSA Safety Incorporporated will post $3.19 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.80%. MSA Safety Incorporporated’s payout ratio is currently 71.07%.
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A number of equities research analysts recently commented on the company. Zacks Investment Research cut MSA Safety Incorporporated from a “hold” rating to a “sell” rating in a research note on Thursday. Robert W. Baird lifted their price objective on MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, June 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $91.00 price objective on shares of MSA Safety Incorporporated in a research note on Friday, August 4th. Finally, BidaskClub cut MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $86.33.
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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