State of New Jersey Common Pension Fund D Sells 532 Shares of MSA Safety Incorporated (NYSE:MSA)

State of New Jersey Common Pension Fund D reduced its stake in MSA Safety Incorporated (NYSE:MSA) by 4.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 12,573 shares of the industrial products company’s stock after selling 532 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in MSA Safety were worth $2,230,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MSA. Cooke & Bieler LP purchased a new stake in MSA Safety in the second quarter worth $60,236,000. Janus Henderson Group PLC increased its holdings in MSA Safety by 1,601.5% in the 1st 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 last quarter. Conestoga Capital Advisors LLC raised its stake in MSA Safety by 219.8% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 306,943 shares of the industrial products company’s stock valued at $57,610,000 after acquiring an additional 210,968 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in MSA Safety by 12.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 718,969 shares of the industrial products company’s stock valued at $139,186,000 after purchasing an additional 77,960 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in MSA Safety by 748.6% during the second quarter. Victory Capital Management Inc. now owns 65,552 shares of the industrial products company’s stock worth $12,303,000 after purchasing an additional 57,827 shares during the period. Institutional investors own 92.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Stifel Nicolaus upped their price target 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. B. Riley started coverage on MSA Safety in a research report on Tuesday, November 5th. They set a “buy” rating and a $200.00 target price on the stock.

MSA Safety Trading Down 2.4 %

Shares of MSA Safety stock opened at $172.74 on Friday. The company’s 50-day moving average price is $173.07 and its 200-day moving average price is $180.11. 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 Incorporated has a 12-month low of $160.02 and a 12-month high of $200.60. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 25.32 and a beta of 0.99.

MSA Safety (NYSE:MSA) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The business had revenue of $432.68 million for the quarter, compared to analyst estimates of $449.95 million. During the same quarter in the prior year, the firm posted $1.78 EPS. MSA Safety’s revenue was down 3.1% on a year-over-year basis. On average, equities analysts expect that MSA Safety Incorporated will post 7.6 earnings per share for the current fiscal 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 given a dividend of $0.51 per share. 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 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.