Strategic Investment Advisors MI Makes New Investment in MSA Safety Incorporporated $MSA

Strategic Investment Advisors MI purchased a new stake in MSA Safety Incorporporated (NYSE:MSA) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,801 shares of the industrial products company’s stock, valued at approximately $623,000.

Several other hedge funds also recently made changes to their positions in the business. Ruane Cunniff & Goldfarb L.P. bought a new stake in shares of MSA Safety Incorporporated in the 2nd quarter worth approximately $158,997,000. Madison Asset Management LLC bought a new stake in MSA Safety Incorporporated during the fourth quarter worth approximately $90,999,000. Norges Bank bought a new stake in MSA Safety Incorporporated during the fourth quarter worth approximately $66,878,000. Natixis Advisors LLC grew its position in MSA Safety Incorporporated by 1,447.3% in the fourth quarter. Natixis Advisors LLC now owns 363,177 shares of the industrial products company’s stock worth $58,159,000 after buying an additional 339,705 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in MSA Safety Incorporporated by 233.9% in the fourth quarter. Franklin Resources Inc. now owns 452,505 shares of the industrial products company’s stock worth $72,464,000 after buying an additional 316,975 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insiders Place Their Bets

In other MSA Safety Incorporporated news, CFO Julie A. Beck bought 448 shares of the stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $158.69 per share, with a total value of $71,093.12. Following the purchase, the chief financial officer directly owned 3,825 shares in the company, valued at $606,989.25. The trade was a 13.27% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MSA. Robert W. Baird set a $197.00 price objective on MSA Safety Incorporporated in a research note on Wednesday, May 6th. DA Davidson cut their target price on MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Weiss Ratings raised MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Finally, Wall Street Zen lowered MSA Safety Incorporporated from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $203.60.

MSA Safety Incorporporated Price Performance

Shares of NYSE:MSA opened at $174.26 on Friday. The company’s fifty day moving average is $168.03 and its two-hundred day moving average is $175.05. The company has a market cap of $6.73 billion, a P/E ratio of 23.55 and a beta of 0.95. 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.

MSA Safety Incorporporated (NYSE:MSA) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.14 by $0.26. MSA Safety Incorporporated had a return on equity of 24.54% and a net margin of 15.16%.The business had revenue of $503.33 million during the quarter, compared to analysts’ expectations of $496.27 million. During the same quarter last year, the firm posted $1.93 earnings per share. MSA Safety Incorporporated’s revenue was up 6.2% compared to the same quarter last year. Equities analysts expect that MSA Safety Incorporporated will post 8.86 earnings per share for the current fiscal year.

MSA Safety Incorporporated Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, May 15th. This is a boost from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. MSA Safety Incorporporated’s dividend payout ratio is 29.19%.

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.