MSA Safety Incorporporated $MSA Shares Bought by AXQ Capital LP

Key Points

• AXQ Capital significantly increased its MSA Safety stake by 426.7% in the second quarter, ending with 8,848 shares valued at approximately $1.55 million. Institutional investors collectively own 92.51% of the company.
• MSA Safety reported stronger-than-expected quarterly results, with earnings of $2.40 per share versus the $2.14 consensus estimate and revenue of $503.33 million, up 6.2% year over year.
• The company declared a quarterly dividend of $0.54 per share, equivalent to $2.16 annually and a 1.1% yield. Analysts maintain a consensus “Hold” rating with an average price target of $211.33.

AXQ Capital LP boosted its holdings in shares of MSA Safety Incorporporated (NYSE:MSA - Free Report) by 426.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,848 shares of the industrial products company's stock after purchasing an additional 7,168 shares during the period. AXQ Capital LP's holdings in MSA Safety Incorporporated were worth $1,545,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its position in MSA Safety Incorporporated by 700.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 144 shares of the industrial products company's stock worth $25,000 after acquiring an additional 126 shares during the period. Root Financial Partners LLC lifted its stake in MSA Safety Incorporporated by 109.3% in the first quarter. Root Financial Partners LLC now owns 157 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 82 shares during the last quarter. Allied Private Wealth LLC bought a new stake in MSA Safety Incorporporated in the second quarter worth approximately $27,000. EverSource Wealth Advisors LLC grew its position in MSA Safety Incorporporated by 94.1% in the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company's stock worth $33,000 after acquiring an additional 96 shares in the last quarter. Finally, Nykredit A S bought a new stake in MSA Safety Incorporporated in the second quarter worth approximately $56,000. 92.51% of the stock is currently owned by institutional investors.

MSA Safety Incorporporated Stock Up 0.5%

Shares of MSA Safety Incorporporated stock opened at $188.73 on Friday. The firm has a market cap of $7.28 billion, a PE ratio of 23.47 and a beta of 0.94. The business's 50 day simple moving average is $181.55 and its 200 day simple moving average is $176.07. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 3.24. MSA Safety Incorporporated has a 52-week low of $151.10 and a 52-week high of $208.92.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.26. MSA Safety Incorporporated had a net margin of 16.13% and a return on equity of 25.13%. The company had revenue of $503.33 million during the quarter, compared to analysts' expectations of $496.27 million. During the same period last year, the business earned $1.93 EPS. The business's quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts predict that MSA Safety Incorporporated will post 9.2 earnings per share for the current fiscal year.

MSA Safety Incorporporated Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 14th. MSA Safety Incorporporated's payout ratio is 26.87%.

Wall Street Analyst Weigh In

MSA has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on MSA Safety Incorporporated from $210.00 to $220.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings upgraded MSA Safety Incorporporated from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 7th. Wall Street Zen downgraded MSA Safety Incorporporated from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. DA Davidson set a $223.00 price objective on shares of MSA Safety Incorporporated in a research note on Tuesday, August 4th. Finally, Robert W. Baird upped their price objective on shares of MSA Safety Incorporporated from $197.00 to $215.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, MSA Safety Incorporporated presently has a consensus rating of "Hold" and a consensus target price of $211.33.

Insider Buying and Selling at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, CFO Julie A. Beck bought 448 shares of MSA Safety Incorporporated stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $158.69 per share, for a total transaction of $71,093.12. Following the purchase, the chief financial officer owned 3,825 shares of the company's stock, valued at $606,989.25. The trade was a 13.27% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jonathan D. Buck sold 469 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $191.00, for a total transaction of $89,579.00. Following the completion of the transaction, the chief accounting officer directly owned 3,776 shares in the company, valued at $721,216. The trade was a 11.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.70% of the company's stock.

About MSA Safety Incorporporated

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company's offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA's products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.

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