Y Intercept Hong Kong Ltd Acquires Shares of 7,217 MSA Safety Incorporporated $MSA

Y Intercept Hong Kong Ltd bought a new position in MSA Safety Incorporporated (NYSE:MSA) during the 1st quarter, HoldingsChannel.com reports. The fund bought 7,217 shares of the industrial products company’s stock, valued at approximately $1,183,000.

Other large investors have also made changes to their positions in the company. Sanctuary Advisors LLC lifted its position in shares of MSA Safety Incorporporated by 1.6% in the 4th quarter. Sanctuary Advisors LLC now owns 3,958 shares of the industrial products company’s stock valued at $634,000 after acquiring an additional 64 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in MSA Safety Incorporporated by 4.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,728 shares of the industrial products company’s stock valued at $297,000 after purchasing an additional 73 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of MSA Safety Incorporporated by 2.8% in the fourth quarter. Clearstead Advisors LLC now owns 3,033 shares of the industrial products company’s stock valued at $486,000 after purchasing an additional 82 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of MSA Safety Incorporporated by 109.3% in the first quarter. Root Financial Partners LLC now owns 157 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of MSA Safety Incorporporated by 28.2% in the third quarter. Allworth Financial LP now owns 382 shares of the industrial products company’s stock worth $66,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Incorporporated Stock Up 1.9%

Shares of MSA Safety Incorporporated stock traded up $3.19 on Friday, hitting $171.04. 252,706 shares of the company traded hands, compared to its average volume of 313,613. MSA Safety Incorporporated has a 12-month low of $151.10 and a 12-month high of $208.92. The company has a quick ratio of 1.92, a current ratio of 3.17 and a debt-to-equity ratio of 0.45. The company has a market cap of $6.60 billion, a PE ratio of 23.11 and a beta of 0.95. The company has a 50-day moving average price of $167.31 and a 200 day moving average price of $174.20.

MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.14. MSA Safety Incorporporated had a return on equity of 24.54% and a net margin of 15.16%.The firm had revenue of $463.63 million during the quarter, compared to analysts’ expectations of $451.28 million. During the same quarter last year, the firm earned $1.68 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts predict that MSA Safety Incorporporated will post 8.86 earnings per share for the current year.

MSA Safety Incorporporated Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a dividend of $0.54 per share. This is a boost from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.3%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is 29.19%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Robert W. Baird set a $197.00 price target on MSA Safety Incorporporated in a report on Wednesday, May 6th. Jefferies Financial Group reissued a “hold” rating and issued a $180.00 price objective (down from $200.00) on shares of MSA Safety Incorporporated in a research note on Tuesday, March 31st. DA Davidson lowered their target price on MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Wall Street Zen upgraded MSA Safety Incorporporated from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings lowered shares of MSA Safety Incorporporated from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $200.00.

Insider Activity

In other news, CFO Julie A. Beck purchased 448 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average price of $158.69 per share, with a total value of $71,093.12. Following the purchase, the chief financial officer owned 3,825 shares in the company, valued at $606,989.25. This represents a 13.27% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

MSA Safety Incorporporated Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.