Yousif Capital Management LLC Has $2.23 Million Stock Position in MSA Safety Incorporporated $MSA

Yousif Capital Management LLC lowered its stake in MSA Safety Incorporporated (NYSE:MSA) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,291 shares of the industrial products company’s stock after selling 232 shares during the quarter. Yousif Capital Management LLC’s holdings in MSA Safety Incorporporated were worth $2,227,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MSA. Champlain Investment Partners LLC lifted its stake in shares of MSA Safety Incorporporated by 28.4% in the 1st quarter. Champlain Investment Partners LLC now owns 1,738,675 shares of the industrial products company’s stock valued at $255,046,000 after purchasing an additional 384,365 shares during the period. Foresight Group Ltd Liability Partnership acquired a new stake in MSA Safety Incorporporated during the 1st quarter worth $27,163,000. Argent Capital Management LLC acquired a new stake in MSA Safety Incorporporated during the 2nd quarter worth $17,181,000. Nuveen LLC acquired a new stake in MSA Safety Incorporporated during the 1st quarter worth $14,631,000. Finally, Speece Thorson Capital Group Inc. acquired a new stake in MSA Safety Incorporporated during the 1st quarter worth $10,894,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Incorporporated Trading Up 0.0%

Shares of NYSE:MSA opened at $165.09 on Friday. MSA Safety Incorporporated has a 12-month low of $127.86 and a 12-month high of $182.85. The stock has a market cap of $6.46 billion, a PE ratio of 23.55 and a beta of 0.99. The business has a 50 day moving average of $170.73 and a 200-day moving average of $165.11. The company has a quick ratio of 1.90, a current ratio of 3.11 and a debt-to-equity ratio of 0.54.

MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings data on Monday, August 4th. The industrial products company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. MSA Safety Incorporporated had a return on equity of 26.03% and a net margin of 15.15%.The company had revenue of $474.12 million during the quarter, compared to analysts’ expectations of $446.46 million. During the same quarter in the previous year, the company posted $2.01 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts forecast that MSA Safety Incorporporated will post 8.06 earnings per share for the current year.

MSA Safety Incorporporated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 15th. MSA Safety Incorporporated’s payout ratio is currently 30.24%.

Insider Buying and Selling

In other news, President Stephanie L. Sciullo sold 2,361 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $169.51, for a total transaction of $400,213.11. Following the completion of the transaction, the president directly owned 9,083 shares in the company, valued at approximately $1,539,659.33. This represents a 20.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on MSA shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research note on Wednesday, October 8th. DA Davidson lifted their price target on MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Wall Street Zen raised MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, Stifel Nicolaus began coverage on MSA Safety Incorporporated in a research note on Wednesday, July 16th. They issued a “hold” rating and a $182.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MSA Safety Incorporporated has a consensus rating of “Moderate Buy” and an average target price of $189.20.

MSA Safety Incorporporated 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.