Bank of America Corp DE decreased its stake in MSA Safety Incorporporated (NYSE:MSA) by 15.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,402 shares of the industrial products company’s stock after selling 5,889 shares during the period. Bank of America Corp DE’s holdings in MSA Safety Incorporporated were worth $2,291,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of MSA Safety Incorporporated by 71.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,436 shares of the industrial products company’s stock valued at $102,000 after buying an additional 597 shares during the period. Capstone Asset Management Co. purchased a new stake in shares of MSA Safety Incorporporated during the first quarter valued at approximately $201,000. Wilbanks Smith & Thomas Asset Management LLC bought a new stake in MSA Safety Incorporporated during the first quarter worth about $202,000. Parametrica Management Ltd bought a new stake in MSA Safety Incorporporated during the first quarter worth about $211,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in MSA Safety Incorporporated during the first quarter worth about $256,000. 64.29% of the stock is currently owned by institutional investors and hedge funds.
MSA Safety Incorporporated (MSA) traded up 0.03% during mid-day trading on Friday, hitting $66.67. The stock had a trading volume of 65,941 shares. MSA Safety Incorporporated has a one year low of $53.10 and a one year high of $84.86. The stock has a market cap of $2.54 billion, a PE ratio of 33.59 and a beta of 1.62. The firm’s 50-day moving average is $78.40 and its 200 day moving average is $75.00.
MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by $0.02. The business had revenue of $288.78 million for the quarter, compared to the consensus estimate of $302.94 million. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 EPS. Equities research analysts expect that MSA Safety Incorporporated will post $3.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.10%. MSA Safety Incorporporated’s dividend payout ratio is currently 71.07%.
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A number of research firms recently issued reports on MSA. Stifel Nicolaus upped their target price on MSA Safety Incorporporated from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. Robert W. Baird upped their target price on MSA Safety Incorporporated from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, June 30th. Zacks Investment Research downgraded MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub downgraded MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Barrington Research boosted their price target on MSA Safety Incorporporated from $78.00 to $88.00 and gave the company an “outperform” rating in a 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 assigned a buy rating to the company. MSA Safety Incorporporated presently has a consensus rating of “Hold” and an average price target of $87.50.
MSA Safety Incorporporated Company Profile
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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