MSA Safety Incorporated (NYSE:MSA) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in MSA Safety Incorporated (NYSE:MSA) by 33.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 87,454 shares of the industrial products company’s stock after acquiring an additional 21,902 shares during the quarter. Victory Capital Management Inc.’s holdings in MSA Safety were worth $15,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MSA. Bessemer Group Inc. lifted its stake in shares of MSA Safety by 5.7% in the 1st quarter. Bessemer Group Inc. now owns 100,166 shares of the industrial products company’s stock valued at $19,392,000 after purchasing an additional 5,375 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of MSA Safety by 16.9% in the 1st quarter. Advisors Asset Management Inc. now owns 6,476 shares of the industrial products company’s stock valued at $1,254,000 after purchasing an additional 936 shares during the period. Quadrature Capital Ltd lifted its stake in shares of MSA Safety by 80.9% in the 1st quarter. Quadrature Capital Ltd now owns 17,173 shares of the industrial products company’s stock valued at $3,323,000 after purchasing an additional 7,681 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of MSA Safety by 12.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 718,969 shares of the industrial products company’s stock valued at $139,186,000 after purchasing an additional 77,960 shares during the period. Finally, Aristides Capital LLC purchased a new stake in MSA Safety in the 1st quarter worth $276,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

MSA Safety Price Performance

MSA Safety stock opened at $168.15 on Wednesday. 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 52-week low of $160.02 and a 52-week high of $200.60. The company has a fifty day simple moving average of $173.13 and a 200-day simple moving average of $179.82. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 24.28 and a beta of 0.99.

MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The firm had revenue of $432.68 million during the quarter, compared to analyst estimates of $449.95 million. During the same quarter in the prior year, the firm posted $1.78 earnings per share. MSA Safety’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities analysts anticipate that MSA Safety Incorporated will post 7.64 EPS for the current fiscal year.

MSA Safety Announces Dividend

The business also recently announced 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 of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.21%. MSA Safety’s payout ratio is currently 29.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted their price target on shares of MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, July 26th. B. Riley assumed coverage on shares of MSA Safety in a report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price target for the company.

MSA Safety 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.