Bayforest Capital Ltd Boosts Stock Holdings in MSA Safety Incorporporated $MSA

Bayforest Capital Ltd grew its holdings in MSA Safety Incorporporated (NYSE:MSA) by 3,400.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 175 shares of the industrial products company’s stock after acquiring an additional 170 shares during the period. Bayforest Capital Ltd’s holdings in MSA Safety Incorporporated were worth $26,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. GAMMA Investing LLC increased its stake in MSA Safety Incorporporated by 39.4% during the 1st quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company’s stock worth $39,000 after buying an additional 76 shares during the period. UMB Bank n.a. increased its stake in MSA Safety Incorporporated by 54.4% during the 1st quarter. UMB Bank n.a. now owns 281 shares of the industrial products company’s stock worth $41,000 after buying an additional 99 shares during the period. Fifth Third Bancorp increased its stake in MSA Safety Incorporporated by 24.7% during the 1st quarter. Fifth Third Bancorp now owns 682 shares of the industrial products company’s stock worth $100,000 after buying an additional 135 shares during the period. Covestor Ltd increased its stake in MSA Safety Incorporporated by 11.6% during the 1st quarter. Covestor Ltd now owns 970 shares of the industrial products company’s stock worth $142,000 after buying an additional 101 shares during the period. Finally, Versant Capital Management Inc purchased a new stake in MSA Safety Incorporporated during the 1st quarter worth $165,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Incorporporated Stock Down 1.5%

NYSE MSA opened at $169.40 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.11 and a quick ratio of 1.90. The company’s 50 day simple moving average is $173.39 and its 200 day simple moving average is $162.13. MSA Safety Incorporporated has a 12 month low of $127.86 and a 12 month high of $187.41. The company has a market capitalization of $6.63 billion, a P/E ratio of 24.16 and a beta of 0.95.

MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings results on Monday, August 4th. The industrial products company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. MSA Safety Incorporporated had a net margin of 15.15% and a return on equity of 26.03%. The business had revenue of $474.12 million for the quarter, compared to analyst estimates of $446.46 million. During the same quarter in the previous year, the business earned $2.01 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts expect that MSA Safety Incorporporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Incorporporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 15th. MSA Safety Incorporporated’s dividend payout ratio is currently 30.24%.

Analysts Set New Price Targets

MSA has been the subject of several recent analyst reports. Stifel Nicolaus initiated coverage on shares of MSA Safety Incorporporated in a report on Wednesday, July 16th. They set a “hold” rating and a $182.00 price objective for the company. DA Davidson raised their price objective on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $189.20.

MSA Safety Incorporporated 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.