Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of MSA Safety Inc (NYSE:MSA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,079 shares of the industrial products company’s stock, valued at approximately $115,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in MSA. Envestnet Asset Management Inc. boosted its position in shares of MSA Safety by 252.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,200 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 860 shares during the period. Vigilant Capital Management LLC boosted its position in shares of MSA Safety by 100.0% during the 2nd quarter. Vigilant Capital Management LLC now owns 1,680 shares of the industrial products company’s stock worth $162,000 after purchasing an additional 840 shares during the period. BerganKDV Wealth Management LLC purchased a new position in shares of MSA Safety during the 2nd quarter worth approximately $187,000. Diversified Trust Co purchased a new position in shares of MSA Safety during the 2nd quarter worth approximately $226,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of MSA Safety during the 2nd quarter worth approximately $226,000. Institutional investors and hedge funds own 71.28% of the company’s stock.
NYSE:MSA opened at $93.88 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.15 and a quick ratio of 1.53. The company has a market cap of $4.09 billion, a P/E ratio of 24.64 and a beta of 1.30. MSA Safety Inc has a fifty-two week low of $71.47 and a fifty-two week high of $108.86.
MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $1.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.04). The company had revenue of $339.33 million for the quarter, compared to analysts’ expectations of $339.79 million. MSA Safety had a return on equity of 27.00% and a net margin of 4.94%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. As a group, equities analysts forecast that MSA Safety Inc will post 4.49 EPS for the current year.
A number of equities analysts recently weighed in on the stock. ValuEngine raised shares of MSA Safety from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Stifel Nicolaus increased their price objective on shares of MSA Safety from $100.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research cut shares of MSA Safety from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. MSA Safety currently has a consensus rating of “Buy” and a consensus target price of $100.00.
About MSA Safety
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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