Foresight Group Ltd Liability Partnership Invests $27.16 Million in MSA Safety Incorporporated $MSA

Key Points

• Foresight Group Ltd Liability Partnership has invested approximately $27.16 million in MSA Safety Incorporated, acquiring 185,170 shares, which now represent about 3.9% of its portfolio.
• MSA Safety Incorporated reported better-than-expected earnings with a net margin of 15.15% and a return on equity of 26.03%, with revenue of $474.12 million for the quarter.
• The company declared a quarterly dividend of $0.53 per share, with an annualized dividend of $2.12, indicating a dividend yield of 1.3%.

Foresight Group Ltd Liability Partnership bought a new stake in MSA Safety Incorporporated (NYSE:MSA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 185,170 shares of the industrial products company's stock, valued at approximately $27,163,000. MSA Safety Incorporporated makes up about 3.9% of Foresight Group Ltd Liability Partnership's portfolio, making the stock its 10th largest holding. Foresight Group Ltd Liability Partnership owned about 0.47% of MSA Safety Incorporporated at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV acquired a new stake in MSA Safety Incorporporated in the fourth quarter valued at about $372,000. Baird Financial Group Inc. increased its position in MSA Safety Incorporporated by 5.6% during the 4th quarter. Baird Financial Group Inc. now owns 2,222 shares of the industrial products company's stock worth $368,000 after purchasing an additional 118 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of MSA Safety Incorporporated by 77.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 78,409 shares of the industrial products company's stock worth $12,998,000 after buying an additional 34,228 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of MSA Safety Incorporporated by 2.4% in the 4th quarter. Deutsche Bank AG now owns 22,611 shares of the industrial products company's stock valued at $3,748,000 after buying an additional 536 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of MSA Safety Incorporporated in the 4th quarter valued at approximately $237,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

MSA Safety Incorporporated Stock Up 0.4%

MSA Safety Incorporporated stock opened at $169.55 on Thursday. MSA Safety Incorporporated has a fifty-two week low of $127.86 and a fifty-two week high of $187.41. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 24.19 and a beta of 0.95. The stock's fifty day moving average is $173.60 and its two-hundred day moving average is $162.01. 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 released its quarterly earnings data on Monday, August 4th. The industrial products company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.76 by $0.17. The business had revenue of $474.12 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.01 EPS. Analysts predict 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. 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 of this dividend was Friday, August 15th. MSA Safety Incorporporated's dividend payout ratio is 30.24%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. DA Davidson upped their price objective on MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. 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. Finally, 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. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $189.20.

MSA Safety Incorporporated Company 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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