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

Several other institutional investors have also recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV purchased a new position in MSA Safety Incorporporated in the fourth quarter valued at approximately $372,000. BNP Paribas Financial Markets boosted its holdings in shares of MSA Safety Incorporporated by 414.8% in the 4th quarter. BNP Paribas Financial Markets now owns 47,983 shares of the industrial products company's stock valued at $7,954,000 after buying an additional 38,662 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of MSA Safety Incorporporated by 5.6% in the 4th quarter. Baird Financial Group Inc. now owns 2,222 shares of the industrial products company's stock valued at $368,000 after buying an additional 118 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in MSA Safety Incorporporated during the 4th quarter worth $276,000. Finally, D. E. Shaw & Co. Inc. lifted its position in MSA Safety Incorporporated by 77.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 78,409 shares of the industrial products company's stock valued at $12,998,000 after acquiring an additional 34,228 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company's stock.

MSA Safety Incorporporated Stock Down 0.2%

Shares of MSA Safety Incorporporated stock opened at $170.10 on Tuesday. MSA Safety Incorporporated has a one year low of $127.86 and a one year high of $187.41. The company has a market cap of $6.66 billion, a P/E ratio of 24.27 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. The firm has a fifty day moving average of $173.74 and a two-hundred day moving average of $161.91.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last issued its earnings results 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. The business 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%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.01 earnings per share. On average, analysts forecast that MSA Safety Incorporporated will post 8.06 earnings per share for the current year.

MSA Safety Incorporporated Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 15th. MSA Safety Incorporporated's dividend payout ratio is 30.24%.

Analysts Set New Price Targets

Several research firms have issued reports on MSA. Stifel Nicolaus started coverage on shares of MSA Safety Incorporporated in a research note on Wednesday, July 16th. They issued a "hold" rating and a $182.00 price objective for the company. DA Davidson upped their target price 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. Finally, Wall Street Zen upgraded MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Two 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 presently has an average rating of "Hold" and an average target price of $189.20.

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.

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