Snowden Capital Advisors LLC Invests $360,000 in MSA Safety Incorporated (NYSE:MSA)

Snowden Capital Advisors LLC acquired a new position in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,169 shares of the industrial products company's stock, valued at approximately $360,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its position in MSA Safety by 78.4% during the fourth quarter. UMB Bank n.a. now owns 182 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 80 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in MSA Safety by 120.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 225 shares of the industrial products company's stock worth $37,000 after acquiring an additional 123 shares during the period. JFS Wealth Advisors LLC increased its stake in MSA Safety by 97.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 251 shares of the industrial products company's stock worth $42,000 after acquiring an additional 124 shares during the period. First Horizon Advisors Inc. increased its stake in MSA Safety by 81.3% during the 4th quarter. First Horizon Advisors Inc. now owns 330 shares of the industrial products company's stock worth $55,000 after acquiring an additional 148 shares during the period. Finally, Covestor Ltd increased its stake in MSA Safety by 8.2% during the 4th quarter. Covestor Ltd now owns 869 shares of the industrial products company's stock worth $144,000 after acquiring an additional 66 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

MSA Safety Price Performance

Shares of NYSE MSA traded up $2.68 during mid-day trading on Tuesday, hitting $160.43. 20,032 shares of the stock traded hands, compared to its average volume of 182,120. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.79 and a quick ratio of 1.76. MSA Safety Incorporated has a twelve month low of $127.86 and a twelve month high of $200.61. The company has a market cap of $6.31 billion, a PE ratio of 22.27 and a beta of 0.96. The firm has a 50 day simple moving average of $150.33 and a two-hundred day simple moving average of $160.15.

MSA Safety (NYSE:MSA - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. The firm had revenue of $421.34 million for the quarter, compared to the consensus estimate of $402.60 million. MSA Safety had a return on equity of 28.64% and a net margin of 15.76%. The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.61 EPS. As a group, equities research analysts forecast that MSA Safety Incorporated will post 8.06 EPS for the current fiscal year.

MSA Safety Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.32%. This is an increase from MSA Safety's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Thursday, May 15th. MSA Safety's payout ratio is currently 29.24%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MSA shares. B. Riley reiterated a "buy" rating and issued a $195.00 price target (down previously from $200.00) on shares of MSA Safety in a research note on Thursday, May 1st. Robert W. Baird set a $166.00 price target on MSA Safety in a research note on Monday, May 5th. DA Davidson decreased their price target on MSA Safety from $188.00 to $183.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, Wall Street Zen upgraded MSA Safety from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $191.80.

Insider Activity

In other MSA Safety news, Chairman Nishan J. Vartanian sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $161.32, for a total transaction of $4,839,600.00. Following the completion of the sale, the chairman now directly owns 35,401 shares of the company's stock, valued at approximately $5,710,889.32. The trade was a 45.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

MSA Safety 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.