GSA Capital Partners LLP Makes New Investment in MSA Safety Incorporated (NYSE:MSA)

GSA Capital Partners LLP purchased a new position in shares of MSA Safety Incorporated (NYSE:MSA) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,154 shares of the industrial products company’s stock, valued at approximately $737,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MSA. GAMMA Investing LLC increased its holdings in shares of MSA Safety by 198.8% during the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock worth $46,000 after buying an additional 163 shares during the last quarter. Blue Trust Inc. raised its position in MSA Safety by 486.0% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 209 shares during the period. Covestor Ltd lifted its stake in MSA Safety by 985.1% during the third quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 729 shares in the last quarter. Kowal Investment Group LLC purchased a new position in shares of MSA Safety during the second quarter worth $204,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of MSA Safety in the second quarter valued at $206,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

MSA Safety Stock Down 0.4 %

MSA Safety stock opened at $172.03 on Monday. The firm has a market capitalization of $6.76 billion, a P/E ratio of 24.86 and a beta of 0.99. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48. MSA Safety Incorporated has a twelve month low of $160.02 and a twelve month high of $200.60. The stock’s fifty day simple moving average is $173.16 and its 200-day simple moving average is $179.95.

MSA Safety (NYSE:MSA) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The company had revenue of $432.68 million for the quarter, compared to the consensus estimate of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. MSA Safety’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 EPS. As a group, equities analysts expect that MSA Safety Incorporated will post 7.64 earnings per share for the current fiscal year.

MSA Safety Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.19%. MSA Safety’s dividend payout ratio (DPR) is 29.48%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MSA. Stifel Nicolaus increased their target price on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. B. Riley initiated coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They set a “buy” rating and a $200.00 price target on the stock.

About MSA Safety

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.