MSA Safety Incorporated (NYSE:MSA) Shares Purchased by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC boosted its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 97.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 251 shares of the industrial products company’s stock after acquiring an additional 124 shares during the quarter. JFS Wealth Advisors LLC’s holdings in MSA Safety were worth $42,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers increased its position in shares of MSA Safety by 1.4% during the fourth quarter. Rhumbline Advisers now owns 109,135 shares of the industrial products company’s stock valued at $18,091,000 after acquiring an additional 1,454 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in MSA Safety by 10.9% during the fourth quarter. Vontobel Holding Ltd. now owns 6,900 shares of the industrial products company’s stock worth $1,144,000 after purchasing an additional 680 shares in the last quarter. Van ECK Associates Corp acquired a new position in MSA Safety during the fourth quarter worth $5,034,000. Allspring Global Investments Holdings LLC lifted its stake in MSA Safety by 27.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 124,041 shares of the industrial products company’s stock worth $20,468,000 after purchasing an additional 26,470 shares in the last quarter. Finally, Entropy Technologies LP increased its stake in MSA Safety by 28.6% during the fourth quarter. Entropy Technologies LP now owns 1,800 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 400 shares during the period. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Robert W. Baird cut their price target on shares of MSA Safety from $190.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday. B. Riley assumed coverage on shares of MSA Safety in a research note on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price target for the company. DA Davidson assumed coverage on shares of MSA Safety in a research note on Thursday, December 19th. They issued a “buy” rating and a $195.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on shares of MSA Safety in a research note on Thursday, December 12th. They issued a “hold” rating and a $200.00 price target for the company. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $197.00.

MSA Safety Price Performance

Shares of MSA opened at $159.88 on Wednesday. MSA Safety Incorporated has a twelve month low of $153.79 and a twelve month high of $200.60. The firm’s fifty day simple moving average is $165.48 and its 200-day simple moving average is $171.28. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 23.10 and a beta of 1.00. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48.

MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.02. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. Equities analysts forecast that MSA Safety Incorporated will post 7.67 EPS for the current fiscal year.

MSA Safety Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.51 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.28%. 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.