MSA Safety Inc. (MSA) Position Boosted by Bahl & Gaynor Inc.
Bahl & Gaynor Inc. raised its position in shares of MSA Safety Inc. (NYSE:MSA) by 7.9% during the third quarter, Holdings Channel reports. The firm owned 36,579 shares of the company’s stock after buying an additional 2,680 shares during the period. Bahl & Gaynor Inc. owned approximately 0.10% of MSA Safety worth $2,123,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in MSA Safety by 1,426.0% in the third quarter. JPMorgan Chase & Co. now owns 1,938 shares of the company’s stock worth $112,000 after buying an additional 1,811 shares during the period. US Bancorp DE boosted its stake in MSA Safety by 3.7% in the third quarter. US Bancorp DE now owns 36,942 shares of the company’s stock worth $2,144,000 after buying an additional 1,326 shares during the period. Victory Capital Management Inc. boosted its stake in MSA Safety by 9.3% in the third quarter. Victory Capital Management Inc. now owns 8,526 shares of the company’s stock worth $495,000 after buying an additional 724 shares during the period. TD Asset Management Inc. boosted its stake in MSA Safety by 24.4% in the third quarter. TD Asset Management Inc. now owns 26,003 shares of the company’s stock worth $1,509,000 after buying an additional 5,100 shares during the period. Finally, Aperio Group LLC boosted its stake in shares of MSA Safety by 19.1% in the third quarter. Aperio Group LLC now owns 11,392 shares of the company’s stock valued at $661,000 after buying an additional 1,825 shares during the last quarter. 60.71% of the stock is currently owned by institutional investors.
MSA Safety Inc. (NYSE:MSA) traded down 0.32% on Wednesday, reaching $62.16. 114,792 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $58.94 and its 200 day moving average price is $55.53. MSA Safety Inc. has a 52-week low of $37.68 and a 52-week high of $64.78. The firm has a market capitalization of $2.34 billion, a PE ratio of 26.87 and a beta of 1.45.
MSA Safety (NYSE:MSA) last posted its earnings results on Friday, October 28th. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.06. The business had revenue of $278.20 million for the quarter, compared to analysts’ expectations of $285.21 million. MSA Safety had a net margin of 7.37% and a return on equity of 19.79%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. On average, analysts predict that MSA Safety Inc. will post $2.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Monday, November 14th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $1.32 dividend on an annualized basis and a yield of 2.12%. MSA Safety’s payout ratio is currently 58.41%.
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Several equities research analysts recently commented on the company. Zacks Investment Research raised MSA Safety from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Wednesday, November 2nd. Robert W. Baird raised MSA Safety from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $57.00 to $63.00 in a report on Monday, October 31st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $62.33.
About MSA Safety
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
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