Treasurer of the State of North Carolina Raises Stock Position in MSA Safety Incorporated (NYSE:MSA)

Treasurer of the State of North Carolina boosted its position in shares of MSA Safety Incorporated (NYSE:MSAFree Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,338 shares of the industrial products company’s stock after buying an additional 160 shares during the quarter. Treasurer of the State of North Carolina’s holdings in MSA Safety were worth $2,758,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new stake in MSA Safety during the fourth quarter valued at $25,000. Exchange Traded Concepts LLC acquired a new stake in MSA Safety during the fourth quarter valued at $26,000. Quadrant Capital Group LLC grew its position in MSA Safety by 51.2% during the fourth quarter. Quadrant Capital Group LLC now owns 183 shares of the industrial products company’s stock valued at $31,000 after buying an additional 62 shares during the period. Global Retirement Partners LLC acquired a new stake in MSA Safety during the fourth quarter valued at $46,000. Finally, Fifth Third Bancorp grew its position in MSA Safety by 28.2% during the fourth quarter. Fifth Third Bancorp now owns 336 shares of the industrial products company’s stock valued at $57,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Stock Down 0.4 %

Shares of NYSE MSA opened at $176.03 on Thursday. The company’s 50-day simple moving average is $187.62 and its 200-day simple moving average is $178.27. MSA Safety Incorporated has a 52-week low of $142.60 and a 52-week high of $196.02. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 26.08 and a beta of 0.99. The company has a quick ratio of 1.54, a current ratio of 2.51 and a debt-to-equity ratio of 0.57.

MSA Safety (NYSE:MSAGet Free Report) last announced its earnings results on Monday, April 29th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.14. MSA Safety had a net margin of 14.81% and a return on equity of 31.51%. The business had revenue of $413.00 million for the quarter, compared to analyst estimates of $428.38 million. During the same quarter last year, the business earned $1.36 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts predict that MSA Safety Incorporated will post 7.75 EPS for the current fiscal year.

MSA Safety Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $0.51 dividend. This is a positive change from MSA Safety’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.16%. MSA Safety’s dividend payout ratio (DPR) is 30.22%.

Insider Activity

In related news, CAO Jonathan D. Buck sold 305 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $185.50, for a total transaction of $56,577.50. Following the transaction, the chief accounting officer now directly owns 3,506 shares in the company, valued at $650,363. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Nishan J. Vartanian sold 11,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $185.29, for a total transaction of $2,038,190.00. Following the transaction, the chief executive officer now directly owns 56,800 shares in the company, valued at $10,524,472. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jonathan D. Buck sold 305 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $185.50, for a total transaction of $56,577.50. Following the transaction, the chief accounting officer now owns 3,506 shares in the company, valued at $650,363. The disclosure for this sale can be found here. Insiders have sold a total of 15,404 shares of company stock worth $2,856,157 over the last 90 days. 6.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of MSA Safety from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, MSA Safety presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.50.

Read Our Latest Stock Report on MSA

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

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