MSA Safety Incorporporated $MSA Shares Purchased by Summit Financial LLC

Key Points

• Summit Financial LLC significantly increased its stake in MSA Safety Incorporated by acquiring 14,718 shares during the first quarter, raising its total holdings by 1,180.3% to 15,965 shares valued at approximately $2.34 million.
• MSA Safety Incorporated reported earnings of $1.93 per share for the last quarter, exceeding analysts' expectations of $1.76, and generated revenue of $474.12 million, surpassing the forecast of $446.46 million.
• The company has announced a quarterly dividend of $0.53 per share, yielding 1.2%, with a dividend payout ratio of 30.24%, reinforcing its commitment to returning value to shareholders.

Summit Financial LLC grew its stake in MSA Safety Incorporporated (NYSE:MSA - Free Report) by 1,180.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,965 shares of the industrial products company's stock after purchasing an additional 14,718 shares during the period. Summit Financial LLC's holdings in MSA Safety Incorporporated were worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of MSA Safety Incorporporated by 1.4% during the first quarter. JPMorgan Chase & Co. now owns 2,027,471 shares of the industrial products company's stock worth $297,410,000 after acquiring an additional 27,692 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of MSA Safety Incorporporated by 31.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,131,515 shares of the industrial products company's stock worth $187,573,000 after acquiring an additional 271,264 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of MSA Safety Incorporporated by 33.9% during the first quarter. Conestoga Capital Advisors LLC now owns 790,939 shares of the industrial products company's stock worth $116,023,000 after acquiring an additional 200,221 shares during the period. Dimensional Fund Advisors LP increased its position in shares of MSA Safety Incorporporated by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 760,794 shares of the industrial products company's stock worth $126,118,000 after acquiring an additional 4,734 shares during the period. Finally, Cooke & Bieler LP increased its position in shares of MSA Safety Incorporporated by 9.2% during the first quarter. Cooke & Bieler LP now owns 711,444 shares of the industrial products company's stock worth $104,362,000 after acquiring an additional 60,078 shares during the period. 92.51% of the stock is currently owned by institutional investors and hedge funds.

MSA Safety Incorporporated Stock Performance

Shares of MSA traded up $3.92 during mid-day trading on Wednesday, hitting $174.06. 236,034 shares of the company's stock were exchanged, compared to its average volume of 206,584. 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 $6.81 billion, a P/E ratio of 24.83 and a beta of 0.96. The business's 50 day moving average is $173.01 and its two-hundred day moving average is $161.29. The company has a current ratio of 3.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.54.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last announced its earnings results on Monday, August 4th. The industrial products company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.17. MSA Safety Incorporporated had a net margin of 15.15% and a return on equity of 26.03%. The business had revenue of $474.12 million during the quarter, compared to the consensus estimate of $446.46 million. During the same quarter in the prior year, the firm earned $2.01 earnings per share. The business's quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts expect 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. The ex-dividend date is Friday, August 15th. This represents a $2.12 annualized dividend and a dividend yield of 1.2%. MSA Safety Incorporporated's dividend payout ratio is 30.24%.

Wall Street Analysts Forecast Growth

MSA has been the topic of a number of recent research reports. B. Riley reaffirmed a "buy" rating and set a $195.00 price objective (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, August 16th. DA Davidson increased their target price on MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Robert W. Baird set a $166.00 target price on MSA Safety Incorporporated in a report on Monday, May 5th. Finally, Stifel Nicolaus started coverage on MSA Safety Incorporporated in a report on Wednesday, July 16th. They issued a "hold" rating and a $182.00 target price on the stock. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $189.20.

About MSA Safety Incorporporated

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.