Balyasny Asset Management L.P. Has $7.26 Million Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

Balyasny Asset Management L.P. increased its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 145.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,794 shares of the industrial products company’s stock after buying an additional 25,930 shares during the quarter. Balyasny Asset Management L.P. owned 0.11% of MSA Safety worth $7,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. ORG Partners LLC purchased a new position in MSA Safety during the 4th quarter valued at about $1,131,000. Redmond Asset Management LLC acquired a new position in MSA Safety in the 4th quarter valued at approximately $362,000. Anchor Capital Advisors LLC lifted its position in MSA Safety by 18.8% in the 4th quarter. Anchor Capital Advisors LLC now owns 10,700 shares of the industrial products company’s stock worth $1,774,000 after buying an additional 1,694 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of MSA Safety by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 424,356 shares of the industrial products company’s stock valued at $70,345,000 after buying an additional 6,119 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of MSA Safety by 27.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 124,041 shares of the industrial products company’s stock valued at $20,468,000 after acquiring an additional 26,470 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com upgraded MSA Safety from a “hold” rating to a “buy” rating in a report on Saturday. Robert W. Baird set a $166.00 price target on MSA Safety in a report on Monday. DA Davidson lowered their price target on MSA Safety from $188.00 to $183.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Finally, B. Riley reaffirmed a “buy” rating and set a $195.00 price objective (down previously from $200.00) on shares of MSA Safety in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $191.80.

Insider Activity at MSA Safety

In other news, CAO Jonathan D. Buck sold 717 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $159.00, for a total value of $114,003.00. Following the completion of the sale, the chief accounting officer now directly owns 3,673 shares of the company’s stock, valued at approximately $584,007. This represents a 16.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.

MSA Safety Stock Down 0.1 %

Shares of MSA Safety stock opened at $157.37 on Friday. MSA Safety Incorporated has a 12-month low of $127.86 and a 12-month high of $200.61. The company has a quick ratio of 1.76, a current ratio of 2.79 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average price of $149.12 and a two-hundred day moving average price of $160.94. The stock has a market capitalization of $6.18 billion, a P/E ratio of 21.83 and a beta of 0.96.

MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. The business had revenue of $421.34 million during the quarter, compared to the consensus estimate of $402.60 million. MSA Safety had a net margin of 15.76% and a return on equity of 28.64%. MSA Safety’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 EPS. Equities analysts expect that MSA Safety Incorporated will post 8.06 earnings per share for the current year.

MSA Safety Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, May 15th. This is a boost from MSA Safety’s previous quarterly dividend of $0.51. MSA Safety’s payout ratio is currently 29.24%.

MSA Safety 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.