MSA Safety Incorporporated $MSA Holdings Cut by Brown Advisory Inc.

Brown Advisory Inc. reduced its stake in shares of MSA Safety Incorporporated (NYSE:MSA) by 13.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 373,830 shares of the industrial products company’s stock after selling 59,522 shares during the period. Brown Advisory Inc. owned 0.96% of MSA Safety Incorporporated worth $62,628,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MSA. Bayforest Capital Ltd raised its holdings in shares of MSA Safety Incorporporated by 3,400.0% during the first quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 170 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of MSA Safety Incorporporated during the 2nd quarter worth about $33,000. EverSource Wealth Advisors LLC raised its stake in shares of MSA Safety Incorporporated by 94.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 96 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of MSA Safety Incorporporated by 397.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 219 shares of the industrial products company’s stock valued at $37,000 after buying an additional 175 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of MSA Safety Incorporporated by 115.4% in the 2nd quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock valued at $49,000 after buying an additional 157 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other MSA Safety Incorporporated news, CAO Jonathan D. Buck sold 333 shares of MSA Safety Incorporporated stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $161.00, for a total value of $53,613.00. Following the transaction, the chief accounting officer directly owned 4,434 shares of the company’s stock, valued at $713,874. The trade was a 6.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Stephanie L. Sciullo sold 2,361 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $169.51, for a total value of $400,213.11. Following the transaction, the president owned 9,083 shares of the company’s stock, valued at approximately $1,539,659.33. This trade represents a 20.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, MSA Safety Incorporporated presently has an average rating of “Moderate Buy” and a consensus price target of $189.20.

MSA Safety Incorporporated Price Performance

Shares of MSA Safety Incorporporated stock opened at $162.40 on Friday. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $163.75 and a 200-day simple moving average of $167.90. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 22.91 and a beta of 0.96. MSA Safety Incorporporated has a 1-year low of $127.86 and a 1-year high of $182.85.

MSA Safety Incorporporated (NYSE:MSA) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. The business had revenue of $468.45 million for the quarter, compared to analyst estimates of $461.37 million. MSA Safety Incorporporated had a net margin of 15.02% and a return on equity of 25.24%. MSA Safety Incorporporated’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $1.83 EPS. On average, sell-side analysts expect that MSA Safety Incorporporated will post 8.06 earnings per share for the current year.

MSA Safety Incorporporated Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $0.5625 dividend. The ex-dividend date is Friday, November 14th. This is a boost from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.4%. MSA Safety Incorporporated’s dividend payout ratio is presently 29.90%.

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.