MSA Safety Incorporporated $MSA Stake Lifted by Sei Investments Co.

Key Points

• Sei Investments Co. increased its holding in MSA Safety Incorporated by 3.1%, bringing its total shares owned to 80,802, valued at approximately $11.85 million.
• MSA Safety's recent earnings report revealed an EPS of $1.93, exceeding expectations and reflecting a revenue of $474.12 million, marking a 2.5% increase year-over-year.
• The company announced a quarterly dividend of $0.53 per share, which will be paid on September 10th, contributing to a yield of 1.2% based on an annualized dividend of $2.12.

Sei Investments Co. boosted its stake in shares of MSA Safety Incorporporated (NYSE:MSA - Free Report) by 3.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,802 shares of the industrial products company's stock after acquiring an additional 2,434 shares during the quarter. Sei Investments Co. owned approximately 0.21% of MSA Safety Incorporporated worth $11,853,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bayforest Capital Ltd boosted its holdings in 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 worth $26,000 after acquiring an additional 170 shares in the last quarter. GAMMA Investing LLC boosted 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 valued at $39,000 after buying an additional 76 shares during the last quarter. UMB Bank n.a. boosted its holdings in MSA Safety Incorporporated by 54.4% during the first quarter. UMB Bank n.a. now owns 281 shares of the industrial products company's stock worth $41,000 after buying an additional 99 shares in the last quarter. Fifth Third Bancorp increased its stake in 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 acquiring an additional 135 shares during the period. Finally, Covestor Ltd raised its holdings in shares of MSA Safety Incorporporated by 11.6% during the first quarter. Covestor Ltd now owns 970 shares of the industrial products company's stock worth $142,000 after acquiring an additional 101 shares during the period. 92.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Robert W. Baird set a $166.00 price target on shares of MSA Safety Incorporporated in a research note on Monday, May 5th. B. Riley reiterated a "buy" rating and issued a $195.00 target price (down previously from $200.00) on shares of MSA Safety Incorporporated in a research report on Thursday, May 1st. Wall Street Zen raised MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a report on Saturday. DA Davidson boosted their price objective on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, Stifel Nicolaus assumed coverage on shares of MSA Safety Incorporporated in a research note on Wednesday, July 16th. They set a "hold" rating and a $182.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, MSA Safety Incorporporated presently has an average rating of "Moderate Buy" and a consensus target price of $189.20.

MSA Safety Incorporporated Stock Down 0.4%

NYSE MSA traded down $0.72 on Friday, hitting $169.47. The stock had a trading volume of 373,278 shares, compared to its average volume of 244,698. MSA Safety Incorporporated has a 52-week low of $127.86 and a 52-week high of $187.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.11 and a quick ratio of 1.90. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 24.18 and a beta of 0.96. The business's fifty day moving average price is $172.07 and its 200 day moving average price is $160.93.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last released its earnings results on Monday, August 4th. The industrial products company reported $1.93 EPS for the quarter, topping analysts' consensus estimates 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 revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.01 EPS. Equities research analysts anticipate that MSA Safety Incorporporated will post 8.06 earnings per share for the current year.

MSA Safety Incorporporated Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 15th. MSA Safety Incorporporated's dividend payout ratio is presently 30.24%.

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.