MetLife Investment Advisors LLC reduced its holdings in MSA Safety Inc (NYSE:MSA) by 3.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 35,546 shares of the industrial products company’s stock after selling 1,461 shares during the quarter. MetLife Investment Advisors LLC owned approximately 0.09% of MSA Safety worth $2,959,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Crawford Investment Counsel Inc. increased its position in MSA Safety by 51.2% in the 1st quarter. Crawford Investment Counsel Inc. now owns 19,200 shares of the industrial products company’s stock valued at $1,598,000 after acquiring an additional 6,500 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of MSA Safety during the first quarter worth $235,000. Northwestern Mutual Investment Management Company LLC increased its position in shares of MSA Safety by 57.0% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 6,961 shares of the industrial products company’s stock worth $579,000 after buying an additional 2,528 shares during the period. Nuveen Asset Management LLC increased its position in shares of MSA Safety by 31.1% during the first quarter. Nuveen Asset Management LLC now owns 47,531 shares of the industrial products company’s stock worth $3,956,000 after buying an additional 11,267 shares during the period. Finally, Profund Advisors LLC increased its position in shares of MSA Safety by 14.6% during the first quarter. Profund Advisors LLC now owns 5,666 shares of the industrial products company’s stock worth $472,000 after buying an additional 721 shares during the period. Hedge funds and other institutional investors own 69.03% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of MSA Safety from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Saturday, February 24th. Barrington Research reiterated a “hold” rating on shares of MSA Safety in a research report on Friday, April 27th. Robert W. Baird upgraded shares of MSA Safety from a “neutral” rating to an “outperform” rating and set a $89.00 price objective for the company in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus increased their price objective on shares of MSA Safety from $91.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 25th. One 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’s stock. The company presently has a consensus rating of “Hold” and an average price target of $97.33.
MSA opened at $96.25 on Friday. MSA Safety Inc has a twelve month low of $65.95 and a twelve month high of $97.25. The company has a quick ratio of 1.69, a current ratio of 2.31 and a debt-to-equity ratio of 0.69. The firm has a market cap of $3.70 billion, a PE ratio of 23.41 and a beta of 1.47.
MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Monday, April 23rd. The industrial products company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.17. The company had revenue of $326.00 million during the quarter, compared to analysts’ expectations of $310.86 million. MSA Safety had a net margin of 3.50% and a return on equity of 26.05%. MSA Safety’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 earnings per share. research analysts anticipate that MSA Safety Inc will post 4.55 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Sunday, June 10th. Investors of record on Monday, May 21st were paid a dividend of $0.38 per share. The ex-dividend date was Friday, May 18th. This is a positive change from MSA Safety’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a yield of 1.58%. MSA Safety’s dividend payout ratio is currently 39.28%.
MSA Safety Company Profile
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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