SG Americas Securities LLC boosted its holdings in shares of MSA Safety Incorporporated (NYSE:MSA) by 52.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,212 shares of the industrial products company’s stock after buying an additional 3,507 shares during the quarter. SG Americas Securities LLC’s holdings in MSA Safety Incorporporated were worth $829,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MSA. Teachers Advisors LLC lifted its stake in shares of MSA Safety Incorporporated by 1.9% during the fourth quarter. Teachers Advisors LLC now owns 53,556 shares of the industrial products company’s stock worth $3,713,000 after buying an additional 1,001 shares during the period. BlackRock Inc. raised its holdings in shares of MSA Safety Incorporporated by 20,572.3% during the first quarter. BlackRock Inc. now owns 3,192,629 shares of the industrial products company’s stock worth $225,685,000 after purchasing an additional 3,177,185 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of MSA Safety Incorporporated by 36.6% during the first quarter. Prudential Financial Inc. now owns 27,652 shares of the industrial products company’s stock worth $1,955,000 after purchasing an additional 7,410 shares during the last quarter. Parametrica Management Ltd raised its holdings in shares of MSA Safety Incorporporated by 92.4% during the second quarter. Parametrica Management Ltd now owns 5,743 shares of the industrial products company’s stock worth $466,000 after purchasing an additional 2,758 shares during the last quarter. Finally, KCG Holdings Inc. raised its holdings in shares of MSA Safety Incorporporated by 67.7% during the first quarter. KCG Holdings Inc. now owns 7,286 shares of the industrial products company’s stock worth $515,000 after purchasing an additional 2,941 shares during the last quarter. Institutional investors own 68.24% of the company’s stock.
In other news, Director John T. Ryan III sold 32,100 shares of MSA Safety Incorporporated stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $71.43, for a total transaction of $2,292,903.00. Following the completion of the transaction, the director now directly owns 1,025,013 shares in the company, valued at approximately $73,216,678.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Markus H. Weber sold 2,300 shares of MSA Safety Incorporporated stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $71.08, for a total value of $163,484.00. Following the transaction, the vice president now owns 13,801 shares of the company’s stock, valued at $980,975.08. The disclosure for this sale can be found here. 15.53% of the stock is owned by insiders.
Several research analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of MSA Safety Incorporporated from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. Robert W. Baird boosted their target price on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, June 30th. Zacks Investment Research cut shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, BidaskClub lowered shares of MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $87.50.
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Shares of MSA Safety Incorporporated (MSA) opened at 72.43 on Thursday. The stock’s 50 day moving average is $72.25 and its 200-day moving average is $75.11. The stock has a market capitalization of $2.77 billion, a P/E ratio of 36.49 and a beta of 1.64. MSA Safety Incorporporated has a one year low of $53.10 and a one year high of $84.86.
MSA Safety Incorporporated (NYSE:MSA) last announced its earnings results on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.02). The firm had revenue of $288.78 million during the quarter, compared to analyst estimates of $302.94 million. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 EPS. On average, equities research analysts expect that MSA Safety Incorporporated will post $3.19 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, August 14th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is 71.07%.
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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