D.A. Davidson & CO. Purchases New Holdings in MSA Safety Incorporporated $MSA

D.A. Davidson & CO. acquired a new stake in shares of MSA Safety Incorporporated (NYSE:MSA) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,585 shares of the industrial products company’s stock, valued at approximately $638,000.

Several other hedge funds and other institutional investors have also modified their holdings of MSA. Madison Asset Management LLC boosted its holdings in MSA Safety Incorporporated by 3.6% during the first quarter. Madison Asset Management LLC now owns 588,568 shares of the industrial products company’s stock worth $96,496,000 after purchasing an additional 20,324 shares during the last quarter. Royal Bank of Canada raised its stake in MSA Safety Incorporporated by 42.5% during the 1st quarter. Royal Bank of Canada now owns 218,070 shares of the industrial products company’s stock valued at $35,752,000 after buying an additional 65,002 shares during the last quarter. Sei Investments Co. increased its holdings in shares of MSA Safety Incorporporated by 6.1% in the first quarter. Sei Investments Co. now owns 205,135 shares of the industrial products company’s stock worth $33,633,000 after purchasing an additional 11,788 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of MSA Safety Incorporporated by 19.9% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 176,593 shares of the industrial products company’s stock valued at $31,412,000 after acquiring an additional 29,289 shares in the last quarter. Finally, Giverny Capital Inc. acquired a new position in MSA Safety Incorporporated in the 2nd quarter worth approximately $29,034,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MSA. DA Davidson set a $223.00 price target on shares of MSA Safety Incorporporated in a report on Tuesday, August 4th. JPMorgan Chase & Co. raised their price objective on MSA Safety Incorporporated from $210.00 to $220.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Robert W. Baird raised their price target on MSA Safety Incorporporated from $197.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. B. Riley Financial cut MSA Safety Incorporporated from a “buy” rating to a “neutral” rating and lowered their price target for the company from $210.00 to $195.00 in a report on Monday, August 3rd. Finally, Wall Street Zen lowered shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $211.33.

MSA Safety Incorporporated Stock Down 0.0%

Shares of MSA Safety Incorporporated stock opened at $169.92 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.24 and a quick ratio of 2.02. The company has a 50-day moving average of $181.36 and a 200 day moving average of $178.05. MSA Safety Incorporporated has a 1 year low of $152.86 and a 1 year high of $208.92. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 21.04 and a beta of 0.92.

MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings results on Monday, November 2nd. The industrial products company reported $2.09 EPS for the quarter, hitting the consensus estimate of $2.09. MSA Safety Incorporporated had a return on equity of 25.13% and a net margin of 15.03%. The business had revenue of $536.43 million for the quarter, compared to analysts’ expectations of $528.39 million. During the same quarter in the previous year, the firm posted $1.77 earnings per share. The company’s revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that MSA Safety Incorporporated will post 9.12 earnings per share for the current fiscal year.

MSA Safety Incorporporated Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 13th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is currently 27.76%.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated (NYSE: MSA) develops and manufactures safety products and systems designed to protect workers and facility operations. Its offerings include industrial and firefighter helmets, eye and face protection, hearing protection, respiratory protection, protective clothing, and fall-protection equipment.

The company also provides portable and fixed gas-detection systems, flame detection and suppression technologies, thermal imaging cameras, and related software and services.