Vest Financial LLC Purchases 3,407 Shares of MSA Safety Incorporporated $MSA

Vest Financial LLC boosted its position in shares of MSA Safety Incorporporated (NYSE:MSA) by 17.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 22,967 shares of the industrial products company’s stock after purchasing an additional 3,407 shares during the period. Vest Financial LLC’s holdings in MSA Safety Incorporporated were worth $3,952,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MSA. Royal Bank of Canada raised its position in MSA Safety Incorporporated by 39.8% during the first quarter. Royal Bank of Canada now owns 47,391 shares of the industrial products company’s stock valued at $6,953,000 after purchasing an additional 13,501 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of MSA Safety Incorporporated in the 1st quarter valued at $501,000. Jane Street Group LLC increased its stake in shares of MSA Safety Incorporporated by 44.7% in the 1st quarter. Jane Street Group LLC now owns 4,401 shares of the industrial products company’s stock valued at $646,000 after purchasing an additional 1,359 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of MSA Safety Incorporporated by 115.4% during the 2nd quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock worth $49,000 after buying an additional 157 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of MSA Safety Incorporporated by 48.0% during the 2nd quarter. GAMMA Investing LLC now owns 398 shares of the industrial products company’s stock worth $67,000 after buying an additional 129 shares during the last quarter. 92.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

MSA has been the topic of several research analyst reports. Weiss Ratings cut MSA Safety Incorporporated from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, MSA Safety Incorporporated currently has an average rating of “Hold” and a consensus target price of $186.50.

MSA Safety Incorporporated Stock Performance

Shares of MSA stock opened at $183.40 on Friday. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 25.87 and a beta of 0.97. 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 business’s 50-day moving average price is $165.07 and its 200-day moving average price is $168.49. MSA Safety Incorporporated has a 12 month low of $127.86 and a 12 month high of $185.54.

MSA Safety Incorporporated (NYSE:MSA) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.90 by $0.04. MSA Safety Incorporporated had a net margin of 15.02% and a return on equity of 25.24%. The business had revenue of $468.45 million for the quarter, compared to the consensus estimate of $461.37 million. During the same period last year, the company earned $1.83 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts forecast that MSA Safety Incorporporated will post 8.06 EPS for the current year.

MSA Safety Incorporporated Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be given 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 is Friday, February 13th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is currently 29.90%.

Insider Buying and Selling

In other MSA Safety Incorporporated news, CAO Jonathan D. Buck sold 333 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $161.00, for a total value of $53,613.00. Following the sale, the chief accounting officer owned 4,434 shares in the company, valued at approximately $713,874. The trade was a 6.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.