United Services Automobile Association Makes New Investment in MSA Safety Incorporporated $MSA

Key Points

• United Services Automobile Association purchased 2,477 shares of MSA Safety Incorporated, valued at approximately $367,000, during the first quarter.
• Wall Street analysts have a consensus target price of $189.20 for MSA Safety, with two analysts rating the stock as a Buy and three as a Hold.
• MSA Safety recently reported earnings of $1.93 per share, exceeding expectations, with a revenue of $474.12 million for the last quarter.

United Services Automobile Association bought a new position in MSA Safety Incorporporated (NYSE:MSA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,477 shares of the industrial products company's stock, valued at approximately $367,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bayforest Capital Ltd grew its position in shares of MSA Safety Incorporporated by 3,400.0% during the 1st quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company's stock worth $26,000 after buying an additional 170 shares in the last quarter. GAMMA Investing LLC grew its position in shares of MSA Safety Incorporporated by 39.4% during the 1st quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company's stock worth $39,000 after buying an additional 76 shares in the last quarter. UMB Bank n.a. grew its position in shares of MSA Safety Incorporporated by 54.4% during the 1st quarter. UMB Bank n.a. now owns 281 shares of the industrial products company's stock worth $41,000 after buying an additional 99 shares in the last quarter. Fifth Third Bancorp grew its position in shares of MSA Safety Incorporporated by 24.7% during the 1st quarter. Fifth Third Bancorp now owns 682 shares of the industrial products company's stock worth $100,000 after buying an additional 135 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of MSA Safety Incorporporated by 11.6% during the 1st quarter. Covestor Ltd now owns 970 shares of the industrial products company's stock worth $142,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company's stock.

MSA Safety Incorporporated Price Performance

MSA traded down $0.26 during trading on Monday, hitting $169.01. The company's stock had a trading volume of 165,548 shares, compared to its average volume of 208,473. The company has a current ratio of 3.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.54. MSA Safety Incorporporated has a twelve month low of $127.86 and a twelve month high of $187.41. The business's fifty day simple moving average is $173.39 and its 200 day simple moving average is $162.13. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 24.11 and a beta of 0.96.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $474.12 million for the quarter, compared to analyst estimates of $446.46 million. MSA Safety Incorporporated had a return on equity of 26.03% and a net margin of 15.15%.The business's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.01 earnings per share. On average, equities research analysts forecast that MSA Safety Incorporporated will post 8.06 EPS for the current fiscal year.

MSA Safety Incorporporated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.53 per share. The ex-dividend date was Friday, August 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.3%. MSA Safety Incorporporated's dividend payout ratio is currently 30.24%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. DA Davidson raised their price objective on MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen raised MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Stifel Nicolaus initiated coverage on MSA Safety Incorporporated in a research report on Wednesday, July 16th. They set a "hold" rating and a $182.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $189.20.

Insider Buying and Selling at MSA Safety Incorporporated

In other news, President Stephanie L. Sciullo sold 2,361 shares of the stock in a transaction on Friday, September 12th. The stock was 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company's stock.

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.