12,079 Shares in MSA Safety Incorporporated (MSA) Acquired by Acadian Asset Management LLC
Acadian Asset Management LLC purchased a new position in MSA Safety Incorporporated (NYSE:MSA) during the second quarter, Holdings Channel reports. The institutional investor purchased 12,079 shares of the industrial products company’s stock, valued at approximately $981,000.
Several other hedge funds have also recently modified their holdings of MSA. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MSA Safety Incorporporated by 71.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,436 shares of the industrial products company’s stock valued at $102,000 after buying an additional 597 shares during the last quarter. LS Investment Advisors LLC increased its position in MSA Safety Incorporporated by 16.8% in the second quarter. LS Investment Advisors LLC now owns 2,480 shares of the industrial products company’s stock valued at $201,000 after buying an additional 357 shares during the last quarter. Park National Corp OH acquired a new position in MSA Safety Incorporporated during the second quarter valued at about $205,000. Capstone Asset Management Co. acquired a new position in MSA Safety Incorporporated during the first quarter valued at about $201,000. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new position in MSA Safety Incorporporated during the first quarter valued at about $202,000. 64.29% of the stock is owned by institutional investors.
MSA Safety Incorporporated (NYSE:MSA) traded down 0.45% during midday trading on Friday, hitting $66.35. 155,480 shares of the stock traded hands. MSA Safety Incorporporated has a 52 week low of $53.10 and a 52 week high of $84.86. The stock’s 50-day moving average price is $78.40 and its 200 day moving average price is $75.00. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 33.43 and a beta of 1.62.
MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.02. The company had revenue of $288.78 million for the quarter, compared to analysts’ expectations of $302.94 million. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, equities research analysts predict that MSA Safety Incorporporated will post $3.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Monday, August 14th. MSA Safety Incorporporated’s payout ratio is currently 71.07%.
Several equities analysts have recently issued reports on MSA shares. Barrington Research raised their price target on shares of MSA Safety Incorporporated from $78.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Zacks Investment Research raised shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Tuesday, May 2nd. Stifel Nicolaus raised their price target on shares of MSA Safety Incorporporated from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. BidaskClub downgraded shares of MSA Safety Incorporporated from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Robert W. Baird increased their price objective on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $87.50.
About MSA Safety Incorporporated
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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