Westfield Capital Management Co. LP lowered its position in MSA Safety Inc (NYSE:MSA) by 17.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,764 shares of the industrial products company’s stock after selling 53,221 shares during the period. Westfield Capital Management Co. LP owned 0.63% of MSA Safety worth $25,690,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its position in MSA Safety by 1.2% during the 1st quarter. BlackRock Inc. now owns 4,067,266 shares of the industrial products company’s stock worth $420,555,000 after buying an additional 49,646 shares in the last quarter. JPMorgan Chase & Co. increased its position in MSA Safety by 34.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,818,855 shares of the industrial products company’s stock valued at $190,016,000 after acquiring an additional 465,461 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of MSA Safety by 9.5% in the first quarter. Neuberger Berman Group LLC now owns 1,374,956 shares of the industrial products company’s stock worth $142,170,000 after acquiring an additional 119,119 shares during the last quarter. Champlain Investment Partners LLC raised its stake in shares of MSA Safety by 16.0% in the first quarter. Champlain Investment Partners LLC now owns 841,055 shares of the industrial products company’s stock worth $86,965,000 after acquiring an additional 116,225 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of MSA Safety by 0.5% during the second quarter. Northern Trust Corp now owns 559,366 shares of the industrial products company’s stock worth $58,952,000 after purchasing an additional 2,990 shares in the last quarter. 75.43% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Bob Willem Leenen sold 871 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $106.42, for a total transaction of $92,691.82. Following the completion of the sale, the vice president now directly owns 6,497 shares of the company’s stock, valued at $691,410.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 9.12% of the stock is owned by insiders.
MSA Safety stock traded up $2.43 during mid-day trading on Wednesday, hitting $112.93. The stock had a trading volume of 6,502 shares, compared to its average volume of 108,783. The stock has a 50-day simple moving average of $103.81 and a two-hundred day simple moving average of $104.31. The stock has a market capitalization of $4.19 billion, a PE ratio of 25.06 and a beta of 1.24. MSA Safety Inc has a 12 month low of $86.72 and a 12 month high of $113.06. The company has a current ratio of 2.67, a quick ratio of 1.94 and a debt-to-equity ratio of 0.61.
MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.05. MSA Safety had a return on equity of 28.35% and a net margin of 8.89%. The firm had revenue of $349.68 million during the quarter, compared to analyst estimates of $351.73 million. During the same period last year, the company earned $1.07 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Sell-side analysts expect that MSA Safety Inc will post 4.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Monday, August 19th. MSA Safety’s dividend payout ratio is 37.33%.
MSA Safety Profile
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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