Dynamic Technology Lab Private Ltd Takes $757,000 Position in MSA Safety Incorporporated $MSA

Key Points

• Dynamic Technology Lab Private Ltd has made a significant investment of approximately $757,000 in MSA Safety Incorporated, acquiring 5,160 shares during the first quarter.
• MSA Safety Incorporated reported $1.93 earnings per share for its recent quarter, exceeding analysts' expectations, with quarterly revenue increasing by 2.5% year-over-year.
• The company has announced a quarterly dividend of $0.53 per share, representing a 1.2% dividend yield, which will be paid on September 10th to stockholders of record by August 15th.

Dynamic Technology Lab Private Ltd purchased a new stake in MSA Safety Incorporporated (NYSE:MSA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,160 shares of the industrial products company's stock, valued at approximately $757,000.

Several other large investors have also modified their holdings of MSA. Bayforest Capital Ltd grew its position in shares of MSA Safety Incorporporated by 3,400.0% in the first quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 170 shares during the last quarter. GAMMA Investing LLC grew its position in shares of MSA Safety Incorporporated by 39.4% in the first quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 76 shares during the last quarter. UMB Bank n.a. grew its position in shares of MSA Safety Incorporporated by 54.4% in the first quarter. UMB Bank n.a. now owns 281 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 99 shares during the last quarter. Fifth Third Bancorp grew its position in shares of MSA Safety Incorporporated by 24.7% in the first quarter. Fifth Third Bancorp now owns 682 shares of the industrial products company's stock valued at $100,000 after purchasing an additional 135 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of MSA Safety Incorporporated by 11.6% in the first quarter. Covestor Ltd now owns 970 shares of the industrial products company's stock valued at $142,000 after purchasing an additional 101 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

MSA Safety Incorporporated Trading Down 1.5%

NYSE MSA traded down $2.49 during mid-day trading on Friday, reaching $169.40. 191,389 shares of the stock were exchanged, compared to its average volume of 191,403. MSA Safety Incorporporated has a 1-year low of $127.86 and a 1-year 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 stock has a market capitalization of $6.63 billion, a PE ratio of 24.16 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.90 and a current ratio of 3.11.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The industrial products company reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.17. The company had revenue of $474.12 million for the quarter, compared to the consensus estimate of $446.46 million. MSA Safety Incorporporated had a net margin of 15.15% and a return on equity of 26.03%. MSA Safety Incorporporated's revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.01 earnings per share. On average, research analysts anticipate that MSA Safety Incorporporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Incorporporated Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Stifel Nicolaus assumed coverage on shares of MSA Safety Incorporporated in a research report on Wednesday, July 16th. They issued a "hold" rating and a $182.00 price target on the stock. DA Davidson raised their target price on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded shares of MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MSA Safety Incorporporated presently has an average rating of "Hold" and a consensus price target of $189.20.

About MSA Safety Incorporporated

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.