Martingale Asset Management L P Has $5.06 Million Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

Martingale Asset Management L P lessened its holdings in MSA Safety Incorporated (NYSE:MSA) by 9.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,510 shares of the industrial products company’s stock after selling 2,968 shares during the period. Martingale Asset Management L P’s holdings in MSA Safety were worth $5,056,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MSA. B. Riley Wealth Advisors Inc. raised its position in MSA Safety by 6.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,140 shares of the industrial products company’s stock worth $801,000 after purchasing an additional 266 shares in the last quarter. Tidal Investments LLC raised its position in MSA Safety by 45.1% in the first quarter. Tidal Investments LLC now owns 4,974 shares of the industrial products company’s stock worth $963,000 after purchasing an additional 1,546 shares in the last quarter. Comerica Bank raised its position in MSA Safety by 23.7% in the first quarter. Comerica Bank now owns 25,203 shares of the industrial products company’s stock worth $4,879,000 after purchasing an additional 4,823 shares in the last quarter. Virtu Financial LLC raised its position in MSA Safety by 19.7% in the first quarter. Virtu Financial LLC now owns 2,066 shares of the industrial products company’s stock worth $400,000 after purchasing an additional 340 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in MSA Safety in the first quarter worth about $1,758,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Stock Performance

NYSE MSA opened at $173.80 on Friday. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 25.12 and a beta of 0.99. The company has a 50 day moving average of $172.33 and a 200-day moving average of $179.03. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48. MSA Safety Incorporated has a 1-year low of $160.02 and a 1-year high of $200.60.

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

MSA Safety Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, November 15th. MSA Safety’s payout ratio is 29.48%.

Analyst Ratings Changes

Separately, B. Riley began coverage on shares of MSA Safety in a research 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.