Truist Financial Corp Has $560,000 Stock Position in MSA Safety Incorporated (NYSE:MSA)

Truist Financial Corp increased its stake in shares of MSA Safety Incorporated (NYSE:MSA) by 25.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,984 shares of the industrial products company’s stock after acquiring an additional 608 shares during the period. Truist Financial Corp’s holdings in MSA Safety were worth $560,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in MSA Safety by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 3,826,135 shares of the industrial products company’s stock valued at $645,966,000 after buying an additional 23,526 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of MSA Safety by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 770,641 shares of the industrial products company’s stock worth $144,642,000 after acquiring an additional 22,366 shares in the last quarter. Dimensional Fund Advisors LP grew its position in MSA Safety by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 738,951 shares of the industrial products company’s stock worth $138,695,000 after acquiring an additional 22,979 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in MSA Safety by 12.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 718,969 shares of the industrial products company’s stock valued at $139,186,000 after purchasing an additional 77,960 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its position in MSA Safety by 7.6% in the 1st quarter. Champlain Investment Partners LLC now owns 707,534 shares of the industrial products company’s stock valued at $136,972,000 after purchasing an additional 49,670 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Nishan J. Vartanian sold 3,945 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $189.00, for a total value 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 6.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. William Blair upgraded MSA Safety to a “strong-buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus raised their price objective 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.

MSA Safety Stock Up 0.9 %

Shares of MSA opened at $175.09 on Wednesday. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 25.94 and a beta of 0.99. MSA Safety Incorporated has a 52 week low of $147.35 and a 52 week high of $200.60. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.54 and a current ratio of 2.45. The business’s fifty day moving average price is $176.32 and its two-hundred day moving average price is $183.00.

MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.04. MSA Safety had a return on equity of 30.64% and a net margin of 14.97%. The firm had revenue of $462.46 million during the quarter, compared to analyst estimates of $461.30 million. On average, analysts predict that MSA Safety Incorporated will post 7.75 earnings per share for the current year.

MSA Safety Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.51 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.17%. MSA Safety’s payout ratio is presently 30.22%.

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.