TCG Advisory Services LLC Takes $506,000 Position in MSA Safety Incorporated (NYSE:MSA)

TCG Advisory Services LLC bought a new stake in MSA Safety Incorporated (NYSE:MSA) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,000 shares of the industrial products company’s stock, valued at approximately $506,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of MSA Safety by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,802,609 shares of the industrial products company’s stock worth $599,481,000 after purchasing an additional 14,236 shares in the last quarter. JPMorgan Chase & Co. increased its position in MSA Safety by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 2,132,779 shares of the industrial products company’s stock worth $336,233,000 after buying an additional 87,707 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in MSA Safety by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 377,651 shares of the industrial products company’s stock valued at $59,537,000 after buying an additional 5,432 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of MSA Safety by 31.8% in the third quarter. Lord Abbett & CO. LLC now owns 281,558 shares of the industrial products company’s stock valued at $44,388,000 after acquiring an additional 67,902 shares during the period. Finally, abrdn plc grew its position in shares of MSA Safety by 4.5% during the fourth quarter. abrdn plc now owns 233,346 shares of the industrial products company’s stock worth $39,396,000 after acquiring an additional 9,949 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of MSA Safety from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.50.

Insider Buying and Selling

In other MSA Safety news, CEO Nishan J. Vartanian sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $185.29, for a total transaction of $2,038,190.00. Following the transaction, the chief executive officer now owns 56,800 shares in the company, valued at approximately $10,524,472. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Nishan J. Vartanian sold 11,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $185.29, for a total value of $2,038,190.00. Following the completion of the sale, the chief executive officer now owns 56,800 shares in the company, valued at $10,524,472. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rebecca B. Roberts sold 1,100 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $181.84, for a total transaction of $200,024.00. Following the transaction, the director now owns 8,474 shares in the company, valued at $1,540,912.16. The disclosure for this sale can be found here. Insiders sold 16,504 shares of company stock valued at $3,056,181 over the last ninety days. Corporate insiders own 6.20% of the company’s stock.

MSA Safety Stock Performance

MSA Safety stock traded down $1.39 during mid-day trading on Friday, reaching $183.93. 134,828 shares of the company were exchanged, compared to its average volume of 130,942. The firm’s 50-day simple moving average is $187.56 and its two-hundred day simple moving average is $173.86. MSA Safety Incorporated has a twelve month low of $126.75 and a twelve month high of $196.02. The firm has a market cap of $7.24 billion, a PE ratio of 27.25 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.48 and a current ratio of 2.51.

MSA Safety (NYSE:MSA) last released its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.47 by $0.14. The business had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $428.38 million. MSA Safety had a return on equity of 31.51% and a net margin of 14.81%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 earnings per share. Equities analysts predict that MSA Safety Incorporated will post 7.75 earnings per share for the current fiscal year.

MSA Safety Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from MSA Safety’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, May 14th. MSA Safety’s payout ratio is 27.85%.

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.