MSA Safety Incorporporated $MSA Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in MSA Safety Incorporporated (NYSE:MSA) by 48.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 398 shares of the industrial products company’s stock after acquiring an additional 129 shares during the quarter. GAMMA Investing LLC’s holdings in MSA Safety Incorporporated were worth $67,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of MSA Safety Incorporporated by 1.4% in the first quarter. JPMorgan Chase & Co. now owns 2,027,471 shares of the industrial products company’s stock worth $297,410,000 after acquiring an additional 27,692 shares in the last quarter. Champlain Investment Partners LLC increased its holdings in MSA Safety Incorporporated by 28.4% in the first quarter. Champlain Investment Partners LLC now owns 1,738,675 shares of the industrial products company’s stock valued at $255,046,000 after buying an additional 384,365 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in MSA Safety Incorporporated by 33.9% in the first quarter. Conestoga Capital Advisors LLC now owns 790,939 shares of the industrial products company’s stock valued at $116,023,000 after buying an additional 200,221 shares during the last quarter. Cooke & Bieler LP increased its holdings in MSA Safety Incorporporated by 9.2% in the first quarter. Cooke & Bieler LP now owns 711,444 shares of the industrial products company’s stock valued at $104,362,000 after buying an additional 60,078 shares during the last quarter. Finally, Channing Capital Management LLC increased its holdings in MSA Safety Incorporporated by 2.8% in the first quarter. Channing Capital Management LLC now owns 493,655 shares of the industrial products company’s stock valued at $72,414,000 after buying an additional 13,460 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Incorporporated Price Performance

Shares of NYSE:MSA opened at $173.79 on Friday. MSA Safety Incorporporated has a one year low of $127.86 and a one year high of $182.85. The stock has a fifty day moving average of $172.31 and a 200-day moving average of $163.66. The company has a market capitalization of $6.80 billion, a PE ratio of 24.79 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.90 and a current ratio of 3.11.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings data on Monday, August 4th. The industrial products company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. MSA Safety Incorporporated had a return on equity of 26.03% and a net margin of 15.15%.The company had revenue of $474.12 million during the quarter, compared to the consensus estimate of $446.46 million. During the same quarter in the prior year, the firm earned $2.01 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that MSA Safety Incorporporated will post 8.06 EPS for the current fiscal year.

MSA Safety Incorporporated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. MSA Safety Incorporporated’s payout ratio is 30.24%.

Insider Transactions at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, President Stephanie L. Sciullo sold 2,361 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $169.51, for a total transaction of $400,213.11. Following the sale, the president directly owned 9,083 shares of the company’s stock, valued at $1,539,659.33. The trade was a 20.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on MSA shares. Stifel Nicolaus started coverage on MSA Safety Incorporporated in a report on Wednesday, July 16th. They issued a “hold” rating and a $182.00 price objective for the company. Wall Street Zen raised MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. DA Davidson boosted their price objective on MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of MSA Safety Incorporporated in a report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.