Neuberger Berman Group LLC lessened its stake in shares of MSA Safety Incorporated (NYSE:MSA – Get Rating) by 2.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,486,893 shares of the industrial products company's stock after selling 32,792 shares during the period. Neuberger Berman Group LLC owned approximately 3.78% of MSA Safety worth $197,312,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of MSA. Van ECK Associates Corp boosted its holdings in shares of MSA Safety by 15.9% in the 1st quarter. Van ECK Associates Corp now owns 858 shares of the industrial products company's stock valued at $114,000 after acquiring an additional 118 shares during the last quarter. Swiss National Bank boosted its holdings in shares of MSA Safety by 7.3% in the 1st quarter. Swiss National Bank now owns 88,000 shares of the industrial products company's stock valued at $11,678,000 after acquiring an additional 6,000 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of MSA Safety by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 381,428 shares of the industrial products company's stock valued at $50,615,000 after acquiring an additional 10,961 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of MSA Safety by 7.1% in the 1st quarter. Teacher Retirement System of Texas now owns 7,658 shares of the industrial products company's stock valued at $1,016,000 after acquiring an additional 507 shares during the last quarter. Finally, AlphaCrest Capital Management LLC lifted its stake in shares of MSA Safety by 149.3% in the 1st quarter. AlphaCrest Capital Management LLC now owns 4,809 shares of the industrial products company's stock valued at $638,000 after purchasing an additional 2,880 shares during the period. Hedge funds and other institutional investors own 76.95% of the company's stock.
Get MSA Safety alerts:MSA Safety Stock Performance
NYSE:MSA opened at $119.57 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.50 and a current ratio of 2.51. The company has a fifty day moving average of $124.91 and a two-hundred day moving average of $126.21. The stock has a market capitalization of $4.68 billion, a PE ratio of 117.23 and a beta of 0.91. MSA Safety Incorporated has a fifty-two week low of $112.89 and a fifty-two week high of $157.29.
MSA Safety (NYSE:MSA – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.04. The company had revenue of $372.31 million during the quarter, compared to analysts' expectations of $363.70 million. MSA Safety had a net margin of 2.79% and a return on equity of 23.65%. The firm's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 earnings per share. As a group, research analysts forecast that MSA Safety Incorporated will post 5.3 earnings per share for the current fiscal year.MSA Safety Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Tuesday, August 16th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Monday, August 15th. MSA Safety's dividend payout ratio (DPR) is 180.39%.
Insider Activity
In other news, Director William M. Lambert sold 28,767 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $126.11, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Robert A. Bruggeworth sold 885 shares of the company's stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $131.00, for a total value of $115,935.00. Following the completion of the sale, the director now owns 2,423 shares of the company's stock, valued at $317,413. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William M. Lambert sold 28,767 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $5,406,209.59. The disclosure for this sale can be found here. Company insiders own 6.29% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on MSA shares. Stifel Nicolaus boosted 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. StockNews.com upgraded shares of MSA Safety from a "hold" rating to a "buy" rating in a research note on Tuesday.
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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