AIA Group Ltd Has $4.11 Million Stake in MSA Safety Incorporated (NYSE:MSA)

AIA Group Ltd boosted its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 11.3% during the third quarter, Holdings Channel reports. The institutional investor owned 23,201 shares of the industrial products company’s stock after acquiring an additional 2,363 shares during the quarter. AIA Group Ltd’s holdings in MSA Safety were worth $4,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of MSA Safety by 397.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,342 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 1,072 shares during the period. Conestoga Capital Advisors LLC lifted its stake in MSA Safety by 43.5% during the third quarter. Conestoga Capital Advisors LLC now owns 440,316 shares of the industrial products company’s stock worth $78,086,000 after purchasing an additional 133,373 shares during the period. New York State Common Retirement Fund boosted its holdings in MSA Safety by 2.5% during the third quarter. New York State Common Retirement Fund now owns 154,124 shares of the industrial products company’s stock valued at $27,332,000 after purchasing an additional 3,749 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of MSA Safety by 4.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,052 shares of the industrial products company’s stock valued at $364,000 after purchasing an additional 84 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of MSA Safety by 5.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,688 shares of the industrial products company’s stock valued at $654,000 after purchasing an additional 200 shares during the period. Institutional investors own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MSA. B. Riley initiated coverage on MSA Safety in a research report on Tuesday. They set a “buy” rating and a $200.00 target price for the company. William Blair raised MSA Safety to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, Stifel Nicolaus boosted their target price on shares of MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, MSA Safety has a consensus rating of “Strong Buy” and an average price target of $207.50.

MSA Safety Stock Down 0.5 %

Shares of MSA opened at $172.87 on Friday. The company has a market capitalization of $6.80 billion, a P/E ratio of 24.98 and a beta of 0.99. MSA Safety Incorporated has a one year low of $157.34 and a one year high of $200.60. The business’s 50 day simple moving average is $173.37 and its 200-day simple moving average is $180.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56.

MSA Safety (NYSE:MSA) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The company 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 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts predict that MSA Safety Incorporated will post 7.75 EPS for the current fiscal year.

MSA Safety Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, November 15th. MSA Safety’s 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.