Kowal Investment Group LLC Acquires Shares of 1,087 MSA Safety Incorporated (NYSE:MSA)

Kowal Investment Group LLC bought a new position in shares of MSA Safety Incorporated (NYSE:MSA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,087 shares of the industrial products company’s stock, valued at approximately $204,000.

A number of other institutional investors also recently bought and sold shares of MSA. Quadrant Capital Group LLC increased its position in MSA Safety by 51.2% in the 4th quarter. Quadrant Capital Group LLC now owns 183 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 62 shares during the period. GAMMA Investing LLC increased its stake in MSA Safety by 198.8% in the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock valued at $46,000 after buying an additional 163 shares during the period. CWM LLC raised its position in MSA Safety by 50.7% during the 1st quarter. CWM LLC now owns 306 shares of the industrial products company’s stock worth $59,000 after buying an additional 103 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of MSA Safety in the 4th quarter worth $142,000. Finally, Allegheny Financial Group LTD purchased a new stake in shares of MSA Safety in the first quarter valued at about $203,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Nishan J. Vartanian sold 3,945 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $189.00, for a total transaction of $745,605.00. Following the completion of the sale, the chief executive officer now directly owns 31,953 shares of the company’s stock, valued at approximately $6,039,117. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 6.20% of the company’s stock.

MSA Safety Stock Down 2.0 %

MSA opened at $181.01 on Monday. MSA Safety Incorporated has a 12 month low of $147.35 and a 12 month high of $200.60. The business has a 50-day moving average of $181.19 and a two-hundred day moving average of $184.51. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 26.82 and a beta of 0.99. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.45 and a quick ratio of 1.54.

MSA Safety (NYSE:MSA) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.04. The business had revenue of $462.46 million for the quarter, compared to analyst estimates of $461.30 million. MSA Safety had a return on equity of 30.64% and a net margin of 14.97%. On average, research analysts expect that MSA Safety Incorporated will post 7.75 earnings per share for the current year.

MSA Safety Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.51 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.04 annualized dividend and a yield of 1.13%. MSA Safety’s dividend payout ratio is currently 30.22%.

Analysts Set New Price Targets

MSA has been the topic of a number of research reports. William Blair upgraded MSA Safety to a “strong-buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus upped their price objective on MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

About MSA Safety

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.