Seven Eight Capital LP Grows Stake in MSA Safety Incorporated (NYSE:MSA)

Seven Eight Capital LP boosted its position in shares of MSA Safety Incorporated (NYSE:MSAFree Report) by 133.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,563 shares of the industrial products company’s stock after purchasing an additional 2,036 shares during the quarter. Seven Eight Capital LP’s holdings in MSA Safety were worth $602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in MSA Safety by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,802,609 shares of the industrial products company’s stock worth $599,481,000 after purchasing an additional 14,236 shares during the period. JPMorgan Chase & Co. boosted its position in MSA Safety by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,132,779 shares of the industrial products company’s stock valued at $336,233,000 after acquiring an additional 87,707 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in MSA Safety by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 720,523 shares of the industrial products company’s stock valued at $121,646,000 after acquiring an additional 17,007 shares in the last quarter. Principal Financial Group Inc. boosted its position in MSA Safety by 2.2% during the 4th quarter. Principal Financial Group Inc. now owns 465,022 shares of the industrial products company’s stock valued at $78,510,000 after acquiring an additional 10,190 shares in the last quarter. Finally, APG Asset Management US Inc. bought a new stake in MSA Safety during the 4th quarter valued at $69,067,000. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MSA Safety

In other news, CEO Nishan J. Vartanian sold 11,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $185.29, for a total value of $2,038,190.00. Following the completion of the sale, the chief executive officer now owns 56,800 shares of the company’s stock, valued at approximately $10,524,472. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.07% of the company’s stock.

MSA Safety Stock Up 0.6 %

Shares of NYSE MSA opened at $172.31 on Tuesday. The company has a current ratio of 2.51, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $6.79 billion, a PE ratio of 25.53 and a beta of 0.99. MSA Safety Incorporated has a 12-month low of $147.35 and a 12-month high of $196.02. The stock’s fifty day simple moving average is $186.42 and its two-hundred day simple moving average is $178.49.

MSA Safety (NYSE:MSAGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The industrial products company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.14. The firm had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $428.38 million. MSA Safety had a return on equity of 31.51% and a net margin of 14.81%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 EPS. As a group, analysts expect that MSA Safety Incorporated will post 7.75 EPS for the current fiscal year.

MSA Safety Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a $0.51 dividend. This is a boost from MSA Safety’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, May 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.18%. MSA Safety’s dividend payout ratio (DPR) is presently 30.22%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised MSA Safety from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $189.50.

Read Our Latest Research Report on MSA Safety

About MSA Safety

(Free Report)

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.

See Also

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

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