Sanctuary Advisors LLC Invests $1.06 Million in MSA Safety Incorporated (NYSE:MSA)

Sanctuary Advisors LLC acquired a new stake in shares of MSA Safety Incorporated (NYSE:MSA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,592 shares of the industrial products company’s stock, valued at approximately $1,056,000.

Several other large investors also recently bought and sold shares of MSA. GAMMA Investing LLC boosted its holdings in shares of MSA Safety by 198.8% during the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 163 shares during the last quarter. CWM LLC boosted its holdings in MSA Safety by 50.7% in the first quarter. CWM LLC now owns 306 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 103 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in MSA Safety in the 4th quarter worth approximately $142,000. Allegheny Financial Group LTD purchased a new stake in MSA Safety during the 1st quarter valued at $203,000. Finally, Kowal Investment Group LLC bought a new position in shares of MSA Safety during the 2nd quarter valued at $204,000. 92.51% of the stock is currently owned by institutional investors.

MSA Safety Stock Up 0.7 %

MSA opened at $172.50 on Friday. MSA Safety Incorporated has a 1-year low of $147.35 and a 1-year high of $200.60. The firm’s 50 day simple moving average is $176.57 and its two-hundred day simple moving average is $183.53. The company has a current ratio of 2.45, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $6.79 billion, a PE ratio of 25.56 and a beta of 0.99.

MSA Safety (NYSE:MSA) last released its earnings results on Wednesday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.04. MSA Safety had a return on equity of 30.64% and a net margin of 14.97%. The company had revenue of $462.46 million for the quarter, compared to the consensus estimate of $461.30 million. As a group, equities analysts forecast that MSA Safety Incorporated will post 7.75 EPS for the current year.

MSA Safety Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.51 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.18%. MSA Safety’s payout ratio is currently 30.22%.

Analyst Ratings Changes

MSA has been the subject of several research analyst reports. William Blair raised MSA Safety to a “strong-buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus upped their price target on shares of MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Insider Buying and Selling

In other MSA Safety news, CEO Nishan J. Vartanian sold 3,945 shares of MSA Safety stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $189.00, for a total transaction of $745,605.00. Following the transaction, the chief executive officer now owns 31,953 shares of the company’s stock, valued at $6,039,117. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.20% of the stock is currently owned by insiders.

About MSA Safety

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.