Legacy Wealth Asset Management LLC Acquires 506 Shares of MSA Safety Incorporated (NYSE:MSA)

Legacy Wealth Asset Management LLC boosted its holdings in MSA Safety Incorporated (NYSE:MSA) by 11.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,814 shares of the industrial products company’s stock after buying an additional 506 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in MSA Safety were worth $932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSA. Vanguard Group Inc. boosted its stake in shares of MSA Safety by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 3,826,135 shares of the industrial products company’s stock valued at $645,966,000 after purchasing an additional 23,526 shares in the last quarter. JPMorgan Chase & Co. boosted its position in MSA Safety by 4.3% in the third quarter. JPMorgan Chase & Co. now owns 2,132,779 shares of the industrial products company’s stock valued at $336,233,000 after buying an additional 87,707 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of MSA Safety by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 720,523 shares of the industrial products company’s stock worth $121,646,000 after buying an additional 17,007 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of MSA Safety by 9.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 641,009 shares of the industrial products company’s stock worth $108,222,000 after buying an additional 55,733 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of MSA Safety by 2.2% in 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 during the last quarter. Institutional investors own 92.51% of the company’s stock.

Insider Transactions at MSA Safety

In other MSA Safety news, CEO Nishan J. Vartanian sold 11,000 shares of the firm’s stock in a transaction that occurred 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 $10,524,472. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.07% of the stock is currently owned by corporate insiders.

MSA Safety Trading Up 0.2 %

NYSE MSA opened at $185.00 on Friday. MSA Safety Incorporated has a twelve month low of $147.35 and a twelve month high of $196.02. The business’s fifty day moving average is $184.30 and its 200 day moving average is $180.07. The company has a quick ratio of 1.54, a current ratio of 2.51 and a debt-to-equity ratio of 0.57. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 27.41 and a beta of 0.99.

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

MSA Safety Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a $0.51 dividend. This is a positive change from MSA Safety’s previous quarterly dividend of $0.47. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Tuesday, May 14th. MSA Safety’s dividend payout ratio is currently 30.22%.

About MSA Safety

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.