Neuberger Berman Group LLC Boosts Stake in MSA Safety Incorporated (MSA)
Neuberger Berman Group LLC lifted its position in MSA Safety Incorporated (NYSE:MSA) by 248.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 576,890 shares of the industrial products company’s stock after buying an additional 411,190 shares during the period. Neuberger Berman Group LLC owned approximately 1.52% of MSA Safety worth $45,869,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverhead Capital Management LLC raised its position in shares of MSA Safety by 58.1% during the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 465 shares during the period. Citigroup Inc. raised its position in shares of MSA Safety by 18.3% during the second quarter. Citigroup Inc. now owns 1,401 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 217 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MSA Safety by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 124 shares during the period. Royal Bank of Canada raised its position in shares of MSA Safety by 3.3% during the second quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 53 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of MSA Safety by 126.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,817 shares of the industrial products company’s stock worth $144,000 after purchasing an additional 1,015 shares during the period. 67.20% of the stock is currently owned by institutional investors.
In other news, Chairman William M. Lambert sold 29,798 shares of MSA Safety stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $79.91, for a total transaction of $2,381,158.18. Following the transaction, the chairman now owns 164,468 shares in the company, valued at $13,142,637.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kerry M. Bove sold 5,947 shares of MSA Safety stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $80.21, for a total value of $477,008.87. Following the transaction, the insider now owns 66,863 shares in the company, valued at approximately $5,363,081.23. The disclosure for this sale can be found here. Insiders have sold 113,413 shares of company stock worth $9,074,831 in the last quarter. 11.47% of the stock is currently owned by corporate insiders.
MSA Safety (NYSE:MSA) last announced its earnings results on Thursday, October 19th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. MSA Safety had a return on equity of 20.56% and a net margin of 7.32%. The company had revenue of $296.13 million for the quarter, compared to analyst estimates of $298.47 million. During the same period in the previous year, the firm earned $0.72 earnings per share. MSA Safety’s revenue for the quarter was up 6.4% compared to the same quarter last year. research analysts anticipate that MSA Safety Incorporated will post 3.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Tuesday, November 14th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.76%. MSA Safety’s dividend payout ratio is 64.52%.
A number of brokerages have recently issued reports on MSA. Zacks Investment Research lowered MSA Safety from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Robert W. Baird lowered MSA Safety from an “outperform” rating to a “neutral” rating and set a $80.00 target price on the stock. in a research report on Tuesday, October 3rd. Finally, Barrington Research reaffirmed a “market perform” rating on shares of MSA Safety in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $89.00.
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About MSA Safety
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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