Great Valley Advisor Group Inc. Purchases 9,433 Shares of MSA Safety Incorporated (NYSE:MSA)

Great Valley Advisor Group Inc. grew its position in shares of MSA Safety Incorporated (NYSE:MSA) by 67.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,385 shares of the industrial products company’s stock after purchasing an additional 9,433 shares during the period. Great Valley Advisor Group Inc. owned approximately 0.06% of MSA Safety worth $4,147,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in MSA Safety by 198.8% during the second quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock worth $46,000 after buying an additional 163 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of 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 in the last quarter. Covestor Ltd increased its position in shares of MSA Safety by 985.1% in the third quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 729 shares during the last quarter. Kowal Investment Group LLC purchased a new stake in MSA Safety in the second quarter valued at approximately $204,000. Finally, CIBC Asset Management Inc bought a new stake in MSA Safety during the second quarter valued at approximately $206,000. Institutional investors own 92.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They set a “buy” rating and a $200.00 price objective on the stock.

MSA Safety Price Performance

Shares of NYSE:MSA opened at $174.98 on Friday. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48. The stock has a market cap of $6.88 billion, a PE ratio of 25.29 and a beta of 0.99. The company’s fifty day moving average is $173.02 and its 200 day moving average is $179.53. MSA Safety Incorporated has a 52 week low of $160.02 and a 52 week high of $200.60.

MSA Safety (NYSE:MSA) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, topping 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 the consensus estimate of $449.95 million. During the same quarter in the previous year, the business earned $1.78 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Research analysts anticipate that MSA Safety Incorporated will post 7.64 earnings per share for the current year.

MSA Safety Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.17%. MSA Safety’s dividend payout ratio is presently 29.48%.

MSA Safety Company 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.