ORG Partners LLC Acquires New Position in MSA Safety Incorporated (NYSE:MSA)

ORG Partners LLC bought a new position in shares of MSA Safety Incorporated (NYSE:MSA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 6,825 shares of the industrial products company’s stock, valued at approximately $1,131,000.

Several other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in MSA Safety by 486.0% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 209 shares during the last quarter. Quarry LP raised its holdings in shares of MSA Safety by 690.5% during the third quarter. Quarry LP now owns 751 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 656 shares during the period. Covestor Ltd lifted its position in shares of MSA Safety by 985.1% in the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock worth $143,000 after buying an additional 729 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of MSA Safety in the 3rd quarter valued at about $198,000. Finally, Kowal Investment Group LLC bought a new stake in shares of MSA Safety during the 2nd quarter valued at about $204,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Stock Performance

Shares of NYSE:MSA traded down $2.96 during trading hours on Friday, hitting $157.87. The stock had a trading volume of 25,393 shares, compared to its average volume of 128,627. The stock’s fifty day simple moving average is $170.60 and its 200 day simple moving average is $176.38. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 22.81 and a beta of 1.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68. MSA Safety Incorporated has a 1-year low of $157.27 and a 1-year high of $200.60.

MSA Safety (NYSE:MSA) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The firm had revenue of $432.68 million for the quarter, compared to analysts’ expectations of $449.95 million. During the same period last year, the firm earned $1.78 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. Sell-side analysts anticipate that MSA Safety Incorporated will post 7.66 earnings per share for the current fiscal year.

MSA Safety Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, November 15th. MSA Safety’s dividend payout ratio is currently 29.48%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MSA. B. Riley started coverage on shares of MSA Safety in a report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 target price on the stock. Jefferies Financial Group began coverage on MSA Safety in a report on Thursday, December 12th. They issued a “hold” rating and a $200.00 price target on the stock. Finally, DA Davidson assumed coverage on MSA Safety in a research note on Thursday, December 19th. They set a “buy” rating and a $195.00 price objective for the company. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, MSA Safety has an average rating of “Buy” and a consensus price target of $202.50.

MSA Safety Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.