Aperio Group LLC raised its stake in shares of MSA Safety Incorporporated (NYSE:MSA) by 3.9% during the second quarter, Holdings Channel reports. The firm owned 10,809 shares of the industrial products company’s stock after buying an additional 408 shares during the period. Aperio Group LLC’s holdings in MSA Safety Incorporporated were worth $877,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC acquired a new position in MSA Safety Incorporporated during the fourth quarter valued at approximately $270,000. Teachers Advisors LLC raised its position in MSA Safety Incorporporated by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 53,556 shares of the industrial products company’s stock valued at $3,713,000 after buying an additional 1,001 shares during the period. First Manhattan Co. raised its position in 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 valued at $5,930,000 after buying an additional 550 shares during the period. BlackRock Inc. raised its position in MSA Safety Incorporporated by 20,572.3% in the first quarter. BlackRock Inc. now owns 3,192,629 shares of the industrial products company’s stock valued at $225,685,000 after buying an additional 3,177,185 shares during the period. Finally, Prudential Financial Inc. raised its position in MSA Safety Incorporporated by 36.6% in the first quarter. Prudential Financial Inc. now owns 27,652 shares of the industrial products company’s stock valued at $1,955,000 after buying an additional 7,410 shares during the period. 65.96% of the stock is currently owned by hedge funds and other institutional investors.
MSA Safety Incorporporated (NYSE MSA) traded down 0.48% during trading on Friday, reaching $68.61. The company had a trading volume of 208,032 shares. The stock has a 50 day moving average price of $76.25 and a 200-day moving average price of $74.87. The company has a market capitalization of $2.62 billion, a PE ratio of 34.56 and a beta of 1.62. MSA Safety Incorporporated has a 52-week low of $53.10 and a 52-week high of $84.86.
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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.02. MSA Safety Incorporporated had a return on equity of 19.64% and a net margin of 6.74%. The firm had revenue of $288.78 million for the quarter, compared to analysts’ expectations of $302.94 million. During the same period last year, the firm earned $0.79 EPS. The business’s quarterly revenue was down 2.4% on a year-over-year basis. On average, equities research analysts anticipate that MSA Safety Incorporporated will post $3.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Wednesday, August 16th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, August 14th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is 71.07%.
MSA has been the topic of several recent analyst reports. BidaskClub lowered MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Zacks Investment Research raised MSA Safety Incorporporated from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Tuesday, May 2nd. Robert W. Baird increased their target price on MSA Safety Incorporporated from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, June 30th. Stifel Nicolaus increased their target price on MSA Safety Incorporporated from $81.00 to $91.00 and gave the company a “buy” rating in a report on Monday, May 22nd. Finally, Barrington Research increased their target price 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 assigned a hold rating and three have given a buy rating to the company. The company currently has an average 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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