Mountain Pacific Investment Advisers LLC Raises Stake in MSA Safety Incorporated (NYSE:MSA)

Mountain Pacific Investment Advisers LLC grew its holdings in MSA Safety Incorporated (NYSE:MSA) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 136,767 shares of the industrial products company’s stock after buying an additional 4,086 shares during the period. MSA Safety accounts for approximately 1.6% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 27th largest position. Mountain Pacific Investment Advisers LLC’s holdings in MSA Safety were worth $22,672,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MSA. Mutual of America Capital Management LLC lifted its position in MSA Safety by 0.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 21,267 shares of the industrial products company’s stock worth $3,771,000 after acquiring an additional 71 shares during the period. Legacy Wealth Asset Management LLC grew its position in 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 buying an additional 72 shares during the last quarter. UMB Bank n.a. grew its position in MSA Safety by 78.4% in the 4th quarter. UMB Bank n.a. now owns 182 shares of the industrial products company’s stock valued at $30,000 after buying an additional 80 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in MSA Safety by 4.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,052 shares of the industrial products company’s stock valued at $364,000 after buying an additional 84 shares during the period. Finally, Tidal Investments LLC raised its position in MSA Safety by 1.1% during the 3rd quarter. Tidal Investments LLC now owns 8,060 shares of the industrial products company’s stock worth $1,429,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Stock Down 0.3 %

MSA stock opened at $163.79 on Tuesday. MSA Safety Incorporated has a 52 week low of $153.79 and a 52 week high of $200.60. 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 company has a market cap of $6.44 billion, a P/E ratio of 23.67 and a beta of 1.00. The company’s 50-day moving average price is $169.45 and its 200 day moving average price is $175.00.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results 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 business had revenue of $432.68 million for the quarter, compared to analyst estimates of $449.95 million. During the same quarter in the previous year, the company earned $1.78 EPS. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, research analysts expect that MSA Safety Incorporated will post 7.67 earnings per share for the current fiscal year.

MSA Safety Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, February 14th. MSA Safety’s dividend payout ratio is currently 29.48%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MSA shares. DA Davidson began coverage on shares of MSA Safety in a research note on Thursday, December 19th. They set a “buy” rating and a $195.00 price target on the stock. Jefferies Financial Group began coverage on MSA Safety in a research note on Thursday, December 12th. They set a “hold” rating and a $200.00 target price for the company. Finally, B. Riley assumed coverage on MSA Safety in a research note on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price target on the stock. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $202.50.

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.