1 week Ago By ABMN Staff
Anchor Capital Advisors LLC raised its position in MSA Safety Incorporated ( NYSE:MSA – Free Report ) by 5.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,935 shares of the industrial products company’s stock after purchasing an additional 486 shares during the quarter.
Anchor Capital Advisors LLC’s holdings in MSA Safety were worth $1,677,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently made changes to their positions in MSA. Truist Financial Corp acquired a new stake in shares of MSA Safety in the fourth quarter worth about $303,000.
Russell Investments Group Ltd. lifted its position in shares of MSA Safety by 537.3% in the fourth quarter.
Russell Investments Group Ltd. now owns 18,500 shares of the industrial products company’s stock worth $3,123,000 after buying an additional 15,597 shares during the last quarter. Victory Capital Management Inc.
lifted its position in shares of MSA Safety by 18.1% in the fourth quarter. Victory Capital Management Inc.
now owns 7,842 shares of the industrial products company’s stock worth $1,324,000 after buying an additional 1,203 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of MSA Safety in the fourth quarter worth about $527,000. Finally, Charles Schwab Investment Management Inc.
lifted its position in shares of MSA Safety by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 381,722 shares of the industrial products company’s stock worth $64,446,000 after buying an additional 4,071 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.
Wall Street Analyst Weigh In A number of brokerages have weighed in on MSA. Stifel Nicolaus boosted their price target on MSA Safety from $200.00 to $215.
00 and gave the stock a “buy” rating in a research report on Friday, July 26th. William Blair raised MSA Safety to a “strong-buy” rating in a report on Tuesday, July 16th. Insider Activity In other news, CEO Nishan J.
Vartanian sold 3,945 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $189.00, for a total value of $745,605.
00. Following the sale, the chief executive officer now directly owns 31,953 shares in the company, valued at approximately $6,039,117. The transaction was disclosed in a filing with the SEC, which is available at the SEC website .
Corporate insiders own 6.20% of the company’s stock. MSA Safety Trading Down 2.
7 % MSA stock opened at $167.77 on Monday. MSA Safety Incorporated has a 1-year low of $147.
35 and a 1-year high of $200.60. The firm has a market cap of $6.
60 billion, a P/E ratio of 24.85 and a beta of 0.99.
The business’s 50 day moving average is $183.13 and its 200-day moving average is $184.87.
The company has a current ratio of 2.45, a quick ratio of 1.54 and a debt-to-equity ratio of 0.
55. MSA Safety ( NYSE:MSA – Get Free Report ) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $2.
01 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.04.
MSA Safety had a return on equity of 30.64% and a net margin of 14.97%.
The company had revenue of $462.46 million for the quarter, compared to analyst estimates of $461.30 million.
Equities analysts anticipate that MSA Safety Incorporated will post 7.75 earnings per share for the current fiscal year. MSA Safety Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th.
Stockholders of record on Thursday, August 15th will be paid a $0.51 dividend. The ex-dividend date is Thursday, August 15th.
This represents a $2.04 annualized dividend and a dividend yield of 1.22%.
MSA Safety’s dividend payout ratio is currently 30.22%. About MSA Safety ( Free Report ) 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.
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