Voya Investment Management LLC Boosts Position in MSA Safety Incorporporated $MSA

Key Points

• Voya Investment Management LLC increased its stake in MSA Safety Incorporated by 32.9%, owning around 24,944 shares valued at approximately $3.66 million.
• President Stephanie L. Sciullo sold 2,361 shares at an average price of $169.51, reducing her ownership by 20.63%.
• MSA Safety Incorporated's quarterly earnings topped estimates with $1.93 per share, and the company has announced a quarterly dividend of $0.53.

Voya Investment Management LLC boosted its position in MSA Safety Incorporporated (NYSE:MSA - Free Report) by 32.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,944 shares of the industrial products company's stock after purchasing an additional 6,178 shares during the period. Voya Investment Management LLC owned about 0.06% of MSA Safety Incorporporated worth $3,659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MSA. Two Sigma Investments LP boosted its holdings in shares of MSA Safety Incorporporated by 16.8% in the fourth quarter. Two Sigma Investments LP now owns 13,464 shares of the industrial products company's stock worth $2,232,000 after buying an additional 1,932 shares during the last quarter. Voloridge Investment Management LLC increased its holdings in MSA Safety Incorporporated by 275.1% during the fourth quarter. Voloridge Investment Management LLC now owns 89,929 shares of the industrial products company's stock valued at $14,908,000 after buying an additional 65,953 shares during the last quarter. PharVision Advisers LLC bought a new position in MSA Safety Incorporporated in the fourth quarter worth approximately $230,000. Great Valley Advisor Group Inc. boosted its stake in shares of MSA Safety Incorporporated by 10.9% during the 4th quarter. Great Valley Advisor Group Inc. now owns 25,926 shares of the industrial products company's stock worth $4,298,000 after acquiring an additional 2,541 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of MSA Safety Incorporporated during the 4th quarter valued at $237,000. Hedge funds and other institutional investors own 92.51% of the company's stock.

Insider Activity

In other news, President Stephanie L. Sciullo sold 2,361 shares of the business's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $169.51, for a total transaction of $400,213.11. Following the completion of the sale, the president directly owned 9,083 shares of the company's stock, valued at approximately $1,539,659.33. The trade was a 20.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

MSA has been the topic of a number of recent research reports. Wall Street Zen raised MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. DA Davidson upped their price target on MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Stifel Nicolaus assumed coverage on MSA Safety Incorporporated in a research note on Wednesday, July 16th. They issued a "hold" rating and a $182.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $189.20.

MSA Safety Incorporporated Stock Up 0.1%

Shares of NYSE MSA opened at $170.81 on Friday. 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 company has a market cap of $6.69 billion, a P/E ratio of 24.37 and a beta of 0.95. MSA Safety Incorporporated has a 1 year low of $127.86 and a 1 year high of $185.12. The firm has a 50-day simple moving average of $172.98 and a two-hundred day simple moving average of $162.42.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last issued its quarterly 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 return on equity of 26.03% and a net margin of 15.15%.The firm had revenue of $474.12 million for the quarter, compared to the consensus estimate of $446.46 million. During the same period in the prior year, the business posted $2.01 earnings per share. The company's revenue for the quarter was up 2.5% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. MSA Safety Incorporporated's dividend payout ratio is 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.

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