Vanguard Group Inc. Has $216.34 Million Position in MSA Safety Incorporporated (NYSE:MSA)

Vanguard Group Inc. raised its position in MSA Safety Incorporporated (NYSE:MSA) by 8.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,060,446 shares of the industrial products company’s stock after buying an additional 247,532 shares during the period. Vanguard Group Inc. owned approximately 8.10% of MSA Safety Incorporporated worth $216,344,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. Comerica Bank increased its stake in MSA Safety Incorporporated by 5.9% in the fourth quarter. Comerica Bank now owns 23,079 shares of the industrial products company’s stock worth $1,604,000 after buying an additional 1,292 shares in the last quarter. AQR Capital Management LLC acquired a new stake in MSA Safety Incorporporated during the fourth quarter worth $270,000. Guggenheim Capital LLC increased its stake in MSA Safety Incorporporated by 22.3% in the fourth quarter. Guggenheim Capital LLC now owns 58,336 shares of the industrial products company’s stock worth $4,045,000 after buying an additional 10,646 shares in the last quarter. Teachers Advisors LLC increased its stake in MSA Safety Incorporporated by 1.9% in 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 in the last quarter. Finally, First Manhattan Co. increased its stake in MSA Safety Incorporporated by 0.5% in the first quarter. First Manhattan Co. now owns 102,184 shares of the industrial products company’s stock worth $5,930,000 after buying an additional 550 shares in the last quarter. 64.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MSA Safety Incorporporated (NYSE MSA) traded down 2.03% during trading on Tuesday, hitting $70.92. 299,850 shares of the stock traded hands. The stock has a 50 day moving average of $79.84 and a 200 day moving average of $74.94. MSA Safety Incorporporated has a 52-week low of $53.10 and a 52-week high of $84.86. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 28.67 and a beta of 1.62.

MSA Safety Incorporporated (NYSE:MSA) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.85 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 analysts’ expectations of $302.94 million. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.61%. MSA Safety Incorporporated’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. Analysts expect that MSA Safety Incorporporated will post $3.16 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Wednesday, August 16th will be given a $0.35 dividend. The ex-dividend date is Monday, August 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.97%. MSA Safety Incorporporated’s dividend payout ratio is currently 71.07%.

COPYRIGHT VIOLATION NOTICE: “Vanguard Group Inc. Has $216.34 Million Position in MSA Safety Incorporporated (NYSE:MSA)” was published by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/msa-safety-incorporporated-nysemsa-shares-bought-by-vanguard-group-inc-updated-updated-updated/1194550.html.

MSA has been the topic of a number of recent research reports. BidaskClub downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Zacks Investment Research raised shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Tuesday, May 2nd. Robert W. Baird upped their target price on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, June 30th. Stifel Nicolaus upped their target price on shares of MSA Safety Incorporporated from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. Finally, Barrington Research upped their target price on shares of MSA Safety Incorporporated from $78.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $87.50.

In other MSA Safety Incorporporated news, Director L Edward Shaw, Jr. sold 47,888 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $77.96, for a total value of $3,733,348.48. Following the completion of the transaction, the director now directly owns 495,035 shares of the company’s stock, valued at $38,592,928.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director L Edward Shaw, Jr. sold 26,250 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $78.07, for a total value of $2,049,337.50. Following the completion of the transaction, the director now directly owns 493,962 shares of the company’s stock, valued at $38,563,613.34. The disclosure for this sale can be found here. 11.47% of the stock is owned by corporate insiders.

About MSA Safety Incorporporated

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.

Institutional Ownership by Quarter for MSA Safety Incorporporated (NYSE:MSA)

Receive News & Ratings for MSA Safety Incorporporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSA Safety Incorporporated and related companies with our FREE daily email newsletter.

 


Latest News

Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets


Leave a Reply

 
© 2006-2017 BBNS.