Great Valley Advisor Group Inc. Boosts Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

Great Valley Advisor Group Inc. lifted its position in shares of MSA Safety Incorporated (NYSE:MSA) by 67.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 23,385 shares of the industrial products company’s stock after buying an additional 9,433 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in MSA Safety were worth $4,147,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MSA. GAMMA Investing LLC increased its holdings in shares of MSA Safety by 198.8% in the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of MSA Safety by 486.0% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 209 shares in the last quarter. Covestor Ltd boosted its position in shares of MSA Safety by 985.1% during the third quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock valued at $143,000 after buying an additional 729 shares during the last quarter. Kowal Investment Group LLC bought a new stake in MSA Safety in the 2nd quarter worth about $204,000. Finally, CIBC Asset Management Inc bought a new stake in MSA Safety in the 2nd quarter worth about $206,000. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

MSA Safety Price Performance

Shares of MSA opened at $174.98 on Friday. The firm has a fifty day simple moving average of $173.02 and a two-hundred day simple moving average of $179.53. The firm has a market cap of $6.88 billion, a PE ratio of 25.29 and a beta of 0.99. 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 issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The company had revenue of $432.68 million during the quarter, compared to analyst estimates of $449.95 million. During the same quarter in the previous year, the company posted $1.78 earnings per share. MSA Safety’s revenue was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that MSA Safety Incorporated will post 7.64 EPS for the current year.

MSA Safety Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.51 dividend. 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 dividend payout ratio (DPR) is presently 29.48%.

Analysts Set New Price Targets

Separately, B. Riley started coverage on shares of MSA Safety in a research note on Tuesday, November 5th. They set a “buy” rating and a $200.00 target price on the stock.

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.