Assenagon Asset Management S.A. Invests $614,000 in MSA Safety Incorporporated $MSA

Assenagon Asset Management S.A. acquired a new stake in MSA Safety Incorporporated (NYSE:MSA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,567 shares of the industrial products company’s stock, valued at approximately $614,000.

Other hedge funds have also added to or reduced their stakes in the company. Bayforest Capital Ltd grew its stake in MSA Safety Incorporporated by 3,400.0% in the first quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 170 shares during the period. Penserra Capital Management LLC bought a new position in shares of MSA Safety Incorporporated during the 2nd quarter valued at about $33,000. EverSource Wealth Advisors LLC grew its position in shares of MSA Safety Incorporporated by 94.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 96 shares during the period. Steward Partners Investment Advisory LLC increased its stake in MSA Safety Incorporporated by 397.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 219 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in MSA Safety Incorporporated by 115.4% during the 2nd quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock worth $49,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Transactions at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, CAO Jonathan D. Buck sold 333 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $161.00, for a total transaction of $53,613.00. Following the transaction, the chief accounting officer owned 4,434 shares in the company, valued at $713,874. This represents a 6.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

MSA Safety Incorporporated Trading Down 0.1%

NYSE MSA opened at $161.45 on Friday. MSA Safety Incorporporated has a 12 month low of $127.86 and a 12 month high of $182.85. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average of $160.80 and a 200-day moving average of $167.78. The company has a market cap of $6.32 billion, a PE ratio of 22.77 and a beta of 0.96.

MSA Safety Incorporporated (NYSE:MSA) last issued its earnings results on Tuesday, October 28th. The industrial products company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.04. The business had revenue of $468.45 million during the quarter, compared to the consensus estimate of $461.37 million. MSA Safety Incorporporated had a net margin of 15.02% and a return on equity of 25.24%. MSA Safety Incorporporated’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $1.83 EPS. On average, equities research analysts anticipate that MSA Safety Incorporporated will post 8.06 EPS for the current fiscal year.

MSA Safety Incorporporated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given a $0.5625 dividend. The ex-dividend date of this dividend was Friday, November 14th. This is a boost from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.4%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is presently 29.90%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MSA. Wall Street Zen cut shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MSA Safety Incorporporated in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, MSA Safety Incorporporated presently has an average rating of “Hold” and a consensus target price of $186.50.

About MSA Safety Incorporporated

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.