MSA Safety Incorporated (NYSE:MSA) Stock Position Lifted by Tidal Investments LLC

Tidal Investments LLC lifted its stake in shares of MSA Safety Incorporated (NYSE:MSA) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,060 shares of the industrial products company’s stock after purchasing an additional 90 shares during the quarter. Tidal Investments LLC’s holdings in MSA Safety were worth $1,429,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in shares of MSA Safety by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 45,334 shares of the industrial products company’s stock valued at $8,509,000 after purchasing an additional 4,497 shares during the period. Lighthouse Investment Partners LLC acquired a new position in MSA Safety during the second quarter worth about $795,000. Dimensional Fund Advisors LP raised its position in MSA Safety by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 738,951 shares of the industrial products company’s stock worth $138,695,000 after acquiring an additional 22,979 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in MSA Safety in the 2nd quarter valued at about $2,322,000. Finally, Acadian Asset Management LLC boosted its position in shares of MSA Safety by 2,362.5% during the 2nd quarter. Acadian Asset Management LLC now owns 11,303 shares of the industrial products company’s stock valued at $2,119,000 after purchasing an additional 10,844 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on MSA shares. B. Riley assumed coverage on shares of MSA Safety in a research note on Tuesday, November 5th. They set a “buy” rating and a $200.00 target price for the company. Jefferies Financial Group assumed coverage on MSA Safety in a research report on Thursday, December 12th. They set a “hold” rating and a $200.00 price objective for the company. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $205.00.

MSA Safety Price Performance

MSA stock opened at $164.46 on Thursday. MSA Safety Incorporated has a one year low of $160.02 and a one year high of $200.60. The firm has a 50-day moving average of $172.12 and a two-hundred day moving average of $177.87. The firm has a market capitalization of $6.46 billion, a PE ratio of 23.77 and a beta of 0.99. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48.

MSA Safety (NYSE:MSA) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The business had revenue of $432.68 million during the quarter, compared to the consensus estimate of $449.95 million. During the same quarter in the prior year, the firm earned $1.78 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. On average, analysts forecast that MSA Safety Incorporated will post 7.64 earnings per share for the current year.

MSA Safety Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.24%. MSA Safety’s dividend payout ratio is 29.48%.

MSA Safety 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.