American Century Companies Inc. lowered its position in shares of MSA Safety Incorporated (NYSE:MSA) by 32.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,842 shares of the industrial products company’s stock after selling 38,114 shares during the quarter. American Century Companies Inc. owned approximately 0.20% of MSA Safety worth $6,189,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Chicago Equity Partners LLC increased its position in MSA Safety by 18.0% in the 3rd quarter. Chicago Equity Partners LLC now owns 15,965 shares of the industrial products company’s stock valued at $1,269,000 after acquiring an additional 2,435 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in MSA Safety in the 3rd quarter valued at about $311,000. Channing Capital Management LLC boosted its stake in shares of MSA Safety by 3.7% in the 3rd quarter. Channing Capital Management LLC now owns 796,373 shares of the industrial products company’s stock valued at $63,320,000 after purchasing an additional 28,334 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of MSA Safety in the 3rd quarter valued at about $271,000. Finally, Speece Thorson Capital Group Inc. bought a new position in shares of MSA Safety in the 3rd quarter valued at about $5,659,000. Institutional investors and hedge funds own 67.56% of the company’s stock.
MSA has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of MSA Safety from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub raised shares of MSA Safety from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Robert W. Baird lowered shares of MSA Safety from an “outperform” rating to a “neutral” rating and set a $80.00 price target on the stock. in a research note on Tuesday, October 3rd. Finally, Barrington Research reiterated a “market perform” rating on shares of MSA Safety in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $89.00.
In related news, VP Markus H. Weber sold 3,566 shares of MSA Safety stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $80.12, for a total value of $285,707.92. Following the completion of the sale, the vice president now owns 12,651 shares of the company’s stock, valued at approximately $1,013,598.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kerry M. Bove sold 5,947 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $80.21, for a total value of $477,008.87. Following the completion of the transaction, the insider now owns 66,863 shares of the company’s stock, valued at approximately $5,363,081.23. The disclosure for this sale can be found here. Insiders sold 119,224 shares of company stock valued at $9,497,871 in the last ninety days. 15.53% of the stock is currently owned by insiders.
Shares of MSA Safety Incorporated (MSA) traded up $0.30 during trading on Thursday, hitting $82.20. 195,363 shares of the stock were exchanged, compared to its average volume of 208,953. MSA Safety Incorporated has a 52 week low of $65.37 and a 52 week high of $86.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.52 and a current ratio of 2.11. The company has a market capitalization of $3,112.54, a PE ratio of 26.15 and a beta of 1.69.
MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.13. The business had revenue of $296.13 million during the quarter, compared to analysts’ expectations of $298.47 million. MSA Safety had a net margin of 7.32% and a return on equity of 20.56%. MSA Safety’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. equities analysts anticipate that MSA Safety Incorporated will post 3.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Tuesday, November 14th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Monday, November 13th. MSA Safety’s dividend payout ratio is currently 64.52%.
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MSA Safety 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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