Dynamic Technology Lab Private Ltd Invests $1.38 Million in MSA Safety Incorporated (NYSE:MSA)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of MSA Safety Incorporated (NYSE:MSA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,759 shares of the industrial products company’s stock, valued at approximately $1,376,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cooke & Bieler LP purchased a new stake in shares of MSA Safety in the 2nd quarter valued at approximately $60,236,000. Janus Henderson Group PLC grew its position in MSA Safety by 1,601.5% in the first quarter. Janus Henderson Group PLC now owns 312,222 shares of the industrial products company’s stock worth $60,443,000 after acquiring an additional 293,872 shares during the period. Conestoga Capital Advisors LLC increased its stake in 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 acquiring an additional 210,968 shares during the last quarter. Victory Capital Management Inc. raised its position in 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 purchasing an additional 57,827 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of MSA Safety by 231.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 63,941 shares of the industrial products company’s stock valued at $12,294,000 after purchasing an additional 44,625 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on MSA Safety in a research report on Tuesday, November 5th. They set a “buy” rating and a $200.00 price objective for the company.

MSA Safety Stock Down 0.8 %

Shares of NYSE MSA opened at $174.78 on Wednesday. MSA Safety Incorporated has a 52-week low of $160.02 and a 52-week high of $200.60. The business’s 50 day moving average is $172.88 and its two-hundred day moving average is $179.21. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 25.26 and a beta of 0.99. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48.

MSA Safety (NYSE:MSA) last posted 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. The firm had revenue of $432.68 million for the quarter, compared to analyst estimates of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. MSA Safety’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. Research analysts predict that MSA Safety Incorporated will post 7.64 EPS for the current year.

MSA Safety Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, November 15th. MSA Safety’s payout ratio is currently 29.48%.

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.