MSA Safety Incorporated (NYSE:MSA) Shares Acquired by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC boosted its stake in MSA Safety Incorporated (NYSE:MSA) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,418 shares of the industrial products company’s stock after acquiring an additional 72 shares during the period. Legacy Wealth Asset Management LLC’s holdings in MSA Safety were worth $961,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Cooke & Bieler LP acquired a new stake in shares of MSA Safety in the 2nd quarter valued at about $60,236,000. Janus Henderson Group PLC raised its stake in MSA Safety by 1,601.5% during the first quarter. Janus Henderson Group PLC now owns 312,222 shares of the industrial products company’s stock valued at $60,443,000 after buying an additional 293,872 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in MSA Safety by 219.8% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 306,943 shares of the industrial products company’s stock worth $57,610,000 after buying an additional 210,968 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of MSA Safety by 12.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 718,969 shares of the industrial products company’s stock worth $139,186,000 after acquiring an additional 77,960 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of MSA Safety by 13,226.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 69,566 shares of the industrial products company’s stock valued at $13,467,000 after acquiring an additional 69,044 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MSA shares. Stifel Nicolaus raised their price objective on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. William Blair raised shares of MSA Safety to a “strong-buy” rating in a report on Tuesday, July 16th.

MSA Safety Trading Down 0.5 %

Shares of NYSE MSA opened at $166.06 on Friday. MSA Safety Incorporated has a 12-month low of $155.34 and a 12-month high of $200.60. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 24.14 and a beta of 0.99. The company has a current ratio of 2.45, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. The stock’s 50 day simple moving average is $175.14 and its 200 day simple moving average is $181.90.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.05. MSA Safety had a net margin of 14.97% and a return on equity of 30.64%. The company had revenue of $432.68 million during the quarter, compared to the consensus estimate of $449.95 million. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities research analysts expect that MSA Safety Incorporated will post 7.75 EPS for the current year.

MSA Safety Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.51 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.23%. MSA Safety’s payout ratio is currently 29.65%.

Insider Activity

In related news, CEO Nishan J. Vartanian sold 3,945 shares of the 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 completion of the transaction, the chief executive officer now directly owns 31,953 shares of the company’s stock, valued at $6,039,117. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 6.20% of the company’s stock.

MSA Safety 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.