Ethic Inc. Boosts Stock Position in MSA Safety Incorporporated $MSA

Ethic Inc. increased its position in shares of MSA Safety Incorporporated (NYSE:MSA) by 95.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,998 shares of the industrial products company’s stock after acquiring an additional 2,438 shares during the period. Ethic Inc.’s holdings in MSA Safety Incorporporated were worth $836,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MSA. Bayforest Capital Ltd lifted its position in shares of MSA Safety Incorporporated by 3,400.0% during the first quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 170 shares in the last quarter. GAMMA Investing LLC increased its stake in MSA Safety Incorporporated by 39.4% during the 1st quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company’s stock worth $39,000 after buying an additional 76 shares during the period. Parallel Advisors LLC lifted its holdings in MSA Safety Incorporporated by 115.4% during the 2nd quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock worth $49,000 after buying an additional 157 shares in the last quarter. Hilltop National Bank purchased a new position in MSA Safety Incorporporated in the 2nd quarter valued at approximately $116,000. Finally, CWM LLC grew its stake in shares of MSA Safety Incorporporated by 96.1% in the second quarter. CWM LLC now owns 696 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 341 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MSA shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research note on Wednesday, October 8th. Wall Street Zen raised MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Stifel Nicolaus initiated coverage on MSA Safety Incorporporated in a research note on Wednesday, July 16th. They issued a “hold” rating and a $182.00 price objective for the company. Finally, DA Davidson boosted their price objective on MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, MSA Safety Incorporporated has a consensus rating of “Moderate Buy” and a consensus price target of $189.20.

Insider Activity at MSA Safety Incorporporated

In other news, President Stephanie L. Sciullo sold 2,361 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $169.51, for a total value of $400,213.11. Following the completion of the sale, the president directly owned 9,083 shares of the company’s stock, valued at approximately $1,539,659.33. The trade was a 20.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

MSA Safety Incorporporated Stock Performance

Shares of MSA Safety Incorporporated stock opened at $166.94 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 3.11 and a debt-to-equity ratio of 0.54. MSA Safety Incorporporated has a 52 week low of $127.86 and a 52 week high of $182.85. The firm’s 50 day moving average is $170.26 and its two-hundred day moving average is $166.56. The firm has a market capitalization of $6.53 billion, a P/E ratio of 23.81 and a beta of 0.99.

MSA Safety Incorporporated (NYSE:MSA) last issued its earnings results on Monday, August 4th. The industrial products company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.17. The business had revenue of $474.12 million during the quarter, compared to analysts’ expectations of $446.46 million. MSA Safety Incorporporated had a net margin of 15.15% and a return on equity of 26.03%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.01 EPS. Research analysts forecast that MSA Safety Incorporporated will post 8.06 EPS for the current fiscal year.

MSA Safety Incorporporated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.12 annualized dividend and a dividend yield of 1.3%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is presently 30.24%.

MSA Safety Incorporporated Profile

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.