MSA Safety Incorporporated $MSA Shares Bought by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI raised its holdings in MSA Safety Incorporporated (NYSE:MSA) by 12.8% in the fourth quarter, Holdings Channel reports. The fund owned 715,443 shares of the industrial products company’s stock after buying an additional 81,249 shares during the period. Fiduciary Management Inc. WI’s holdings in MSA Safety Incorporporated were worth $114,571,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MSA. Ruane Cunniff & Goldfarb L.P. purchased a new stake in shares of MSA Safety Incorporporated in the 2nd quarter valued at approximately $158,997,000. Madison Asset Management LLC purchased a new stake in shares of MSA Safety Incorporporated in the 4th quarter valued at approximately $90,999,000. Norges Bank purchased a new stake in shares of MSA Safety Incorporporated in the 4th quarter valued at approximately $66,878,000. Natixis Advisors LLC grew its stake in shares of MSA Safety Incorporporated by 1,447.3% in the 4th quarter. Natixis Advisors LLC now owns 363,177 shares of the industrial products company’s stock valued at $58,159,000 after buying an additional 339,705 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of MSA Safety Incorporporated by 4,827.4% in the 3rd quarter. Victory Capital Management Inc. now owns 338,411 shares of the industrial products company’s stock valued at $58,230,000 after buying an additional 331,543 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MSA. Jefferies Financial Group reissued a “hold” rating and issued a $180.00 price target (down from $200.00) on shares of MSA Safety Incorporporated in a research note on Tuesday, March 31st. National Bank Financial set a $235.00 price target on shares of MSA Safety Incorporporated in a research note on Wednesday, February 18th. DA Davidson dropped their price target on shares of MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Weiss Ratings cut shares of MSA Safety Incorporporated from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Finally, Robert W. Baird set a $197.00 price objective on shares of MSA Safety Incorporporated in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, MSA Safety Incorporporated presently has a consensus rating of “Hold” and a consensus price target of $200.00.

MSA Safety Incorporporated Price Performance

Shares of NYSE:MSA opened at $161.14 on Friday. MSA Safety Incorporporated has a 12 month low of $151.10 and a 12 month high of $208.92. The firm has a market capitalization of $6.22 billion, a P/E ratio of 21.78 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.17 and a quick ratio of 1.92. The company’s fifty day moving average price is $168.50 and its 200 day moving average price is $173.13.

MSA Safety Incorporporated (NYSE:MSA) last posted its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.14. The company had revenue of $463.63 million for the quarter, compared to analyst estimates of $451.28 million. MSA Safety Incorporporated had a net margin of 15.16% and a return on equity of 24.54%. MSA Safety Incorporporated’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 earnings per share. As a group, sell-side analysts predict that MSA Safety Incorporporated will post 8.86 earnings per share for the current fiscal year.

MSA Safety Incorporporated announced that its board has approved a share repurchase program on Thursday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 6.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

MSA Safety Incorporporated Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a dividend of $0.54 per share. This is an increase from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, May 15th. MSA Safety Incorporporated’s payout ratio is presently 29.19%.

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.