MSA Safety Incorporated (NYSE:MSA) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. lessened its stake in shares of MSA Safety Incorporated (NYSE:MSA) by 29.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 182 shares of the industrial products company’s stock after selling 77 shares during the period. First Horizon Advisors Inc.’s holdings in MSA Safety were worth $32,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Cooke & Bieler LP acquired a new stake in shares of MSA Safety during the second quarter valued at $60,236,000. Janus Henderson Group PLC boosted its stake in shares of MSA Safety by 1,601.5% during the 1st quarter. Janus Henderson Group PLC now owns 312,222 shares of the industrial products company’s stock worth $60,443,000 after purchasing an additional 293,872 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of MSA Safety by 219.8% during the second quarter. Conestoga Capital Advisors LLC now owns 306,943 shares of the industrial products company’s stock worth $57,610,000 after buying an additional 210,968 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of MSA Safety by 12.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 718,969 shares of the industrial products company’s stock worth $139,186,000 after buying an additional 77,960 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of MSA Safety by 748.6% in the second quarter. Victory Capital Management Inc. now owns 65,552 shares of the industrial products company’s stock valued at $12,303,000 after buying an additional 57,827 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Stock Up 0.7 %

Shares of NYSE:MSA opened at $176.20 on Tuesday. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 25.46 and a beta of 0.99. The stock’s 50-day moving average price is $173.02 and its two-hundred day moving average price is $179.41. MSA Safety Incorporated has a 12-month low of $160.02 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The business had revenue of $432.68 million for the quarter, compared to analysts’ expectations of $449.95 million. During the same period last year, the company earned $1.78 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, research analysts forecast that MSA Safety Incorporated will post 7.64 EPS for the current year.

MSA Safety Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, November 15th. MSA Safety’s dividend payout ratio (DPR) is currently 29.48%.

Analyst Upgrades and Downgrades

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