Orion Portfolio Solutions LLC Has $378,000 Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

Orion Portfolio Solutions LLC lowered its position in shares of MSA Safety Incorporated (NYSE:MSA) by 4.4% in the third quarter, HoldingsChannel reports. The fund owned 2,130 shares of the industrial products company’s stock after selling 98 shares during the period. Orion Portfolio Solutions LLC’s holdings in MSA Safety were worth $378,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Mutual of America Capital Management LLC boosted its holdings in MSA Safety by 0.3% during the third quarter. Mutual of America Capital Management LLC now owns 21,267 shares of the industrial products company’s stock worth $3,771,000 after purchasing an additional 71 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in MSA Safety by 1.3% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 5,418 shares of the industrial products company’s stock worth $961,000 after buying an additional 72 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of MSA Safety by 4.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,052 shares of the industrial products company’s stock worth $364,000 after buying an additional 84 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of MSA Safety by 1.6% in the 2nd quarter. Bank of Montreal Can now owns 6,845 shares of the industrial products company’s stock valued at $1,307,000 after acquiring an additional 109 shares in the last quarter. Finally, Creative Planning increased its position in shares of MSA Safety by 5.3% in the third quarter. Creative Planning now owns 2,246 shares of the industrial products company’s stock valued at $398,000 after acquiring an additional 114 shares during the last quarter. 92.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. B. Riley started coverage on MSA Safety in a research note on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price target for the company. Jefferies Financial Group assumed coverage on MSA Safety in a report on Thursday, December 12th. They issued a “hold” rating and a $200.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $205.00.

MSA Safety Trading Down 2.7 %

MSA Safety stock opened at $164.46 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68. The stock has a 50-day simple moving average of $172.12 and a 200 day simple moving average of $177.87. The stock has a market capitalization of $6.46 billion, a P/E ratio of 23.77 and a beta of 0.99. MSA Safety Incorporated has a 52 week low of $160.02 and a 52 week high of $200.60.

MSA Safety (NYSE:MSA) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $449.95 million. During the same quarter in the prior year, the business earned $1.78 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts expect that MSA Safety Incorporated will post 7.64 earnings per share for the current year.

MSA Safety Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Friday, November 15th. MSA Safety’s dividend payout ratio is presently 29.48%.

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.