Crossmark Global Holdings Inc. Has $412,000 Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

Crossmark Global Holdings Inc. reduced its position in shares of MSA Safety Incorporated (NYSE:MSA) by 21.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,483 shares of the industrial products company’s stock after selling 689 shares during the period. Crossmark Global Holdings Inc.’s holdings in MSA Safety were worth $412,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of MSA Safety by 78.4% in the 4th quarter. UMB Bank n.a. now owns 182 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 80 shares during the last quarter. Blue Trust Inc. increased its stake in shares of MSA Safety by 486.0% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 209 shares in the last quarter. Hilltop National Bank raised its holdings in shares of MSA Safety by 23.5% during the fourth quarter. Hilltop National Bank now owns 520 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 99 shares during the period. Quarry LP grew its stake in MSA Safety by 690.5% in the third quarter. Quarry LP now owns 751 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 656 shares during the period. Finally, Covestor Ltd grew its holdings in shares of MSA Safety by 985.1% during the third quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock valued at $143,000 after buying an additional 729 shares during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Jefferies Financial Group assumed coverage on MSA Safety in a research note on Thursday, December 12th. They set a “hold” rating and a $200.00 price objective on the stock. DA Davidson initiated coverage on shares of MSA Safety in a report on Thursday, December 19th. They set a “buy” rating and a $195.00 target price on the stock. Finally, B. Riley started coverage on shares of MSA Safety in a research note on Tuesday, November 5th. They issued a “buy” rating and a $200.00 target price on the stock. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $202.50.

MSA Safety Stock Performance

Shares of NYSE MSA opened at $163.92 on Monday. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 23.69 and a beta of 1.00. MSA Safety Incorporated has a 1-year low of $153.79 and a 1-year high of $200.60. The stock’s 50-day moving average is $168.71 and its 200 day moving average is $174.42. 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 (NYSE:MSA) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.05. The business had revenue of $432.68 million for the quarter, compared to analyst estimates of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. MSA Safety’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $1.78 EPS. On average, sell-side analysts anticipate that MSA Safety Incorporated will post 7.67 EPS for the current fiscal year.

MSA Safety Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.24%. MSA Safety’s payout ratio is presently 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.