State of Alaska Department of Revenue Has $1.35 Million Stake in MSA Safety Incorporated (NYSE:MSA)

State of Alaska Department of Revenue increased its position in MSA Safety Incorporated (NYSE:MSA) by 8.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 7,629 shares of the industrial products company’s stock after acquiring an additional 575 shares during the period. State of Alaska Department of Revenue’s holdings in MSA Safety were worth $1,352,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MSA. Ameritas Investment Partners Inc. grew its position in MSA Safety by 0.4% in the first quarter. Ameritas Investment Partners Inc. now owns 17,756 shares of the industrial products company’s stock worth $3,437,000 after acquiring an additional 65 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in shares of MSA Safety by 1.3% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 5,418 shares of the industrial products company’s stock valued at $961,000 after purchasing an additional 72 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in MSA Safety by 7.3% in the second quarter. Moody National Bank Trust Division now owns 1,330 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 90 shares in the last quarter. Bank of Montreal Can increased its position in MSA Safety by 1.6% during the second quarter. Bank of Montreal Can now owns 6,845 shares of the industrial products company’s stock worth $1,307,000 after buying an additional 109 shares during the last quarter. Finally, Creative Planning raised its holdings in MSA Safety by 5.3% during the third quarter. Creative Planning now owns 2,246 shares of the industrial products company’s stock valued at $398,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Analysts Set New Price Targets

MSA has been the subject of several recent analyst reports. Stifel Nicolaus upped their price target on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. William Blair raised MSA Safety to a “strong-buy” rating in a research report on Tuesday, July 16th.

MSA Safety Stock Down 1.4 %

Shares of MSA stock opened at $163.63 on Monday. The stock has a 50 day moving average of $174.08 and a 200-day moving average of $180.95. The firm has a market cap of $6.43 billion, a PE ratio of 23.65 and a beta of 0.99. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48. MSA Safety Incorporated has a 12 month low of $157.11 and a 12 month high of $200.60.

MSA Safety (NYSE:MSA) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. The firm had revenue of $432.68 million during the quarter, compared to analysts’ expectations of $449.95 million. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 EPS. On average, equities analysts predict that MSA Safety Incorporated will post 7.75 EPS for the current year.

MSA Safety Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.25%. MSA Safety’s dividend payout ratio is currently 29.48%.

MSA Safety Company Profile

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.