Teachers Advisors LLC increased its position in shares of MSA Safety Incorporporated (NYSE:MSA) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,026 shares of the industrial products company’s stock after buying an additional 1,470 shares during the period. Teachers Advisors LLC’s holdings in MSA Safety Incorporporated were worth $3,890,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in MSA. Oregon Public Employees Retirement Fund increased its stake in MSA Safety Incorporporated by 1.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 10,943 shares of the industrial products company’s stock worth $774,000 after buying an additional 200 shares during the last quarter. Baystate Wealth Management LLC bought a new stake in MSA Safety Incorporporated during the first quarter worth about $426,000. Sit Investment Associates Inc. increased its stake in MSA Safety Incorporporated by 18.3% in the first quarter. Sit Investment Associates Inc. now owns 14,875 shares of the industrial products company’s stock worth $1,052,000 after buying an additional 2,300 shares during the last quarter. ProShare Advisors LLC increased its stake in MSA Safety Incorporporated by 17.3% in the first quarter. ProShare Advisors LLC now owns 244,887 shares of the industrial products company’s stock worth $17,311,000 after buying an additional 36,176 shares during the last quarter. Finally, First Manhattan Co. boosted its position in shares of MSA Safety Incorporporated by 0.5% in the first quarter. First Manhattan Co. now owns 102,184 shares of the industrial products company’s stock worth $5,930,000 after buying an additional 550 shares during the period. Hedge funds and other institutional investors own 64.29% of the company’s stock.
Shares of MSA Safety Incorporporated (NYSE MSA) opened at 70.49 on Wednesday. MSA Safety Incorporporated has a 12-month low of $53.10 and a 12-month high of $84.86. The firm has a market capitalization of $2.67 billion, a PE ratio of 28.49 and a beta of 1.62. The company has a 50-day moving average of $79.84 and a 200 day moving average of $74.94.
MSA Safety Incorporporated (NYSE:MSA) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by $0.02. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.61%. The business had revenue of $288.78 million during the quarter, compared to the consensus estimate of $302.94 million. During the same period in the prior year, the company posted $0.79 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. On average, analysts predict that MSA Safety Incorporporated will post $3.16 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.97%. MSA Safety Incorporporated’s dividend payout ratio is 71.07%.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $91.00 price target on shares of MSA Safety Incorporporated in a research report on Friday, August 4th. BidaskClub cut shares of MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Robert W. Baird lifted their price target on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. Finally, Barrington Research boosted their target price on shares of MSA Safety Incorporporated from $78.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. MSA Safety Incorporporated currently has a consensus rating of “Hold” and an average target price of $87.50.
In related news, Director L Edward Shaw, Jr. sold 47,888 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $77.96, for a total value of $3,733,348.48. Following the completion of the transaction, the director now directly owns 495,035 shares of the company’s stock, valued at $38,592,928.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director L Edward Shaw, Jr. sold 26,250 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $78.07, for a total value of $2,049,337.50. Following the completion of the transaction, the director now directly owns 493,962 shares of the company’s stock, valued at $38,563,613.34. The disclosure for this sale can be found here. 11.47% of the stock is currently owned by corporate insiders.
About MSA Safety Incorporporated
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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