Goldman Sachs Group Inc. lifted its position in shares of MSA Safety Incorporporated (NYSE:MSA) by 179.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 304,943 shares of the industrial products company’s stock after buying an additional 195,708 shares during the period. Goldman Sachs Group Inc. owned 0.80% of MSA Safety Incorporporated worth $24,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Riverhead Capital Management LLC lifted its stake in shares of MSA Safety Incorporporated by 58.1% during the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the industrial products company’s stock valued at $103,000 after buying an additional 465 shares during the period. Citigroup Inc. lifted its stake in shares of MSA Safety Incorporporated by 18.3% during the second quarter. Citigroup Inc. now owns 1,401 shares of the industrial products company’s stock valued at $114,000 after buying an additional 217 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MSA Safety Incorporporated by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the industrial products company’s stock valued at $127,000 after buying an additional 124 shares during the period. Pacad Investment Ltd. lifted its stake in shares of MSA Safety Incorporporated by 27.8% during the second quarter. Pacad Investment Ltd. now owns 2,300 shares of the industrial products company’s stock valued at $187,000 after buying an additional 500 shares during the period. Finally, LS Investment Advisors LLC lifted its stake in shares of MSA Safety Incorporporated by 16.8% during 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 period. 66.74% of the stock is currently owned by institutional investors and hedge funds.

MSA Safety Incorporporated (MSA) opened at 78.63 on Friday. The stock has a market cap of $3.00 billion, a P/E ratio of 39.61 and a beta of 1.64. MSA Safety Incorporporated has a 52 week low of $55.00 and a 52 week high of $84.86. The company’s 50 day moving average is $74.83 and its 200 day moving average is $76.04.

MSA Safety Incorporporated (NYSE:MSA) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.02). The firm had revenue of $288.78 million during the quarter, compared to analysts’ expectations of $302.94 million. MSA Safety Incorporporated had a return on equity of 19.64% and a net margin of 6.74%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the business earned $0.79 earnings per share. Equities analysts predict that MSA Safety Incorporporated will post $3.19 earnings per share for the current year.

MSA has been the topic of several recent analyst reports. BidaskClub downgraded shares of MSA Safety Incorporporated from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Robert W. Baird upped their price objective on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, June 30th. Zacks Investment Research downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $91.00 price objective on shares of MSA Safety Incorporporated in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $86.33.

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In related news, VP Markus H. Weber sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $71.08, for a total transaction of $163,484.00. Following the transaction, the vice president now directly owns 13,801 shares of the company’s stock, valued at $980,975.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Markus H. Weber sold 5,811 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $72.80, for a total transaction of $423,040.80. Following the transaction, the vice president now directly owns 15,950 shares in the company, valued at $1,161,160. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,211 shares of company stock worth $2,879,428. 15.53% of the stock is currently owned by insiders.

MSA Safety Incorporporated Company Profile

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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Institutional Ownership by Quarter for MSA Safety Incorporporated (NYSE:MSA)

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