AIA Group Ltd Has $2.85 Million Position in MSA Safety Incorporporated (NYSE:MSA)

Key Points

• AIA Group Ltd has reduced its stake in MSA Safety Incorporated by 11.1%, now holding 19,405 shares valued at approximately $2.85 million.
• MSA Safety Incorporated reported earnings of $1.93 per share, surpassing analyst expectations, with revenues increasing by 2.5% year-over-year.
• The company has declared a quarterly dividend of $0.53 per share, resulting in an annualized dividend yield of 1.3% and a payout ratio of 30.24%.

AIA Group Ltd cut its position in MSA Safety Incorporporated (NYSE:MSA - Free Report) by 11.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,405 shares of the industrial products company's stock after selling 2,424 shares during the quarter. AIA Group Ltd's holdings in MSA Safety Incorporporated were worth $2,847,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bayforest Capital Ltd grew its position in MSA Safety Incorporporated by 3,400.0% in the 1st quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company's stock worth $26,000 after purchasing an additional 170 shares during the last quarter. GAMMA Investing LLC grew its position in MSA Safety Incorporporated by 39.4% in the 1st quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company's stock worth $39,000 after purchasing an additional 76 shares during the last quarter. UMB Bank n.a. grew its position in MSA Safety Incorporporated by 54.4% in the 1st quarter. UMB Bank n.a. now owns 281 shares of the industrial products company's stock worth $41,000 after purchasing an additional 99 shares during the last quarter. Fifth Third Bancorp grew its position in MSA Safety Incorporporated by 24.7% in the 1st quarter. Fifth Third Bancorp now owns 682 shares of the industrial products company's stock worth $100,000 after purchasing an additional 135 shares during the last quarter. Finally, Covestor Ltd grew its position in MSA Safety Incorporporated by 11.6% in the 1st quarter. Covestor Ltd now owns 970 shares of the industrial products company's stock worth $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 Stock Up 1.1%

MSA traded up $1.91 during trading on Wednesday, reaching $173.90. The company had a trading volume of 300,225 shares, compared to its average volume of 225,629. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.11 and a quick ratio of 1.90. MSA Safety Incorporporated has a 12 month low of $127.86 and a 12 month high of $187.41. The business's fifty day moving average price is $171.88 and its 200 day moving average price is $160.91. The company has a market cap of $6.81 billion, a P/E ratio of 24.81 and a beta of 0.96.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The industrial products company reported $1.93 earnings per share for the quarter, beating 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 net margin of 15.15% and a return on equity of 26.03%. The business's revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.01 earnings per share. Equities analysts anticipate that MSA Safety Incorporporated will post 8.06 EPS for the current year.

MSA Safety Incorporporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a $0.53 dividend. 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 payout ratio is currently 30.24%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. B. Riley restated a "buy" rating and issued a $195.00 price target (down from $200.00) on shares of MSA Safety Incorporporated in a research report on Thursday, May 1st. 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. Robert W. Baird set a $166.00 price target on shares of MSA Safety Incorporporated in a research report on Monday, May 5th. DA Davidson raised their price objective on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, Wall Street Zen downgraded shares of MSA Safety Incorporporated from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, MSA Safety Incorporporated presently has an average rating of "Hold" and an average price target 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.