Amalgamated Bank cut its stake in shares of MSA Safety Incorporated (NYSE:MSA – Get Rating) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,894 shares of the industrial products company's stock after selling 611 shares during the quarter. Amalgamated Bank owned approximately 0.07% of MSA Safety worth $3,436,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of MSA. Covestor Ltd boosted its stake in shares of MSA Safety by 71.7% during the first quarter. Covestor Ltd now owns 297 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 124 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of MSA Safety by 15.9% during the first quarter. Van ECK Associates Corp now owns 858 shares of the industrial products company's stock valued at $114,000 after purchasing an additional 118 shares in the last quarter. Windmill Hill Asset Management Ltd bought a new position in shares of MSA Safety during the first quarter valued at approximately $204,000. Ethic Inc. bought a new position in shares of MSA Safety during the first quarter valued at approximately $233,000. Finally, Inspire Investing LLC bought a new position in shares of MSA Safety during the first quarter valued at approximately $234,000. 76.95% of the stock is owned by hedge funds and other institutional investors.
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MSA Safety Price Performance
Shares of MSA opened at $113.59 on Friday. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 111.36 and a beta of 0.91. MSA Safety Incorporated has a twelve month low of $112.89 and a twelve month high of $157.29. The company has a quick ratio of 1.50, a current ratio of 2.51 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average of $124.35 and a two-hundred day moving average of $125.47.
MSA Safety (NYSE:MSA – Get Rating) last announced its earnings results on Wednesday, July 27th. The industrial products company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.04. The company had revenue of $372.31 million during the quarter, compared to the consensus estimate of $363.70 million. MSA Safety had a net
margin of 2.79% and a return on equity of 23.65%. MSA Safety's revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $1.06 earnings per share. As a group, analysts predict that MSA Safety Incorporated will post 5.38 earnings per share for the current fiscal year.
MSA Safety Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Tuesday, August 16th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, August 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.62%. MSA Safety's payout ratio is currently 180.39%.
Insider Transactions at MSA Safety
In other news, Director William M. Lambert sold 28,767 shares of MSA Safety stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $126.11, for a total transaction of $3,627,806.37. Following the completion of the sale, the director now directly owns 42,869 shares in the company, valued at $5,406,209.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Robert A. Bruggeworth sold 885 shares of MSA Safety stock in a transaction on Friday, August 12th. The shares were sold at an average price of $131.00, for a total transaction of $115,935.00. Following the completion of the sale, the director now directly owns 2,423 shares in the company, valued at $317,413. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William M. Lambert sold 28,767 shares of the firm's stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $126.11, for a total transaction of $3,627,806.37. Following the transaction, the director now directly owns 42,869 shares of the company's stock, valued at approximately $5,406,209.59. The disclosure for this sale can be found here. Insiders own 6.29% of the company's stock.
Analysts Set New Price Targets
MSA has been the topic of a number of recent research reports. StockNews.com upgraded shares of MSA Safety from a "hold" rating to a "buy" rating in a research note on Tuesday, September 13th. Stifel Nicolaus raised their target price on shares of MSA Safety from $149.00 to $152.00 and gave the company a "buy" rating in a research note on Tuesday, September 13th.
About MSA Safety
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MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, utilities, military, and mining industries in North America, Latin America, and internationally.
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