7,093 Shares in MSA Safety Incorporporated $MSA Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in MSA Safety Incorporporated (NYSE:MSA) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,093 shares of the industrial products company’s stock, valued at approximately $1,188,000.

A number of other large investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of MSA Safety Incorporporated by 39.4% in the 1st quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 76 shares during the period. Public Employees Retirement System of Ohio increased its stake in MSA Safety Incorporporated by 0.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,765 shares of the industrial products company’s stock valued at $1,971,000 after buying an additional 99 shares during the period. Louisiana State Employees Retirement System increased its stake in MSA Safety Incorporporated by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the industrial products company’s stock valued at $1,614,000 after buying an additional 100 shares during the period. Covestor Ltd increased its stake in MSA Safety Incorporporated by 11.6% during the 1st quarter. Covestor Ltd now owns 970 shares of the industrial products company’s stock valued at $142,000 after buying an additional 101 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in MSA Safety Incorporporated by 1.5% during the 1st quarter. State of Alaska Department of Revenue now owns 7,659 shares of the industrial products company’s stock valued at $1,122,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Activity at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, President Stephanie L. Sciullo sold 2,361 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $169.51, for a total value of $400,213.11. Following the completion of the transaction, the president directly owned 9,083 shares in the company, valued at $1,539,659.33. This trade represents a 20.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MSA has been the topic of several research analyst reports. Stifel Nicolaus initiated coverage on shares of MSA Safety Incorporporated in a research note on Wednesday, July 16th. They set a “hold” rating and a $182.00 target price on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research note on Wednesday, October 8th. DA Davidson raised their target price on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $189.20.

MSA Safety Incorporporated Stock Performance

NYSE:MSA opened at $166.58 on Friday. MSA Safety Incorporporated has a twelve month low of $127.86 and a twelve month high of $182.85. The company has a current ratio of 3.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $170.36 and a 200-day moving average of $165.76. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 23.76 and a beta of 0.99.

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

MSA Safety Incorporporated Dividend Announcement

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

MSA Safety Incorporporated 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.