Truist Financial Corp Has $560,000 Stock Position in MSA Safety Incorporated (NYSE:MSA)

Truist Financial Corp raised its position in shares of MSA Safety Incorporated (NYSE:MSA) by 25.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,984 shares of the industrial products company’s stock after buying an additional 608 shares during the quarter. Truist Financial Corp’s holdings in MSA Safety were worth $560,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cooke & Bieler LP acquired a new stake in shares of MSA Safety during the second quarter valued at approximately $60,236,000. Janus Henderson Group PLC boosted its position in shares of MSA Safety by 1,601.5% in the first quarter. Janus Henderson Group PLC now owns 312,222 shares of the industrial products company’s stock worth $60,443,000 after buying an additional 293,872 shares during the period. Conestoga Capital Advisors LLC raised its position in MSA Safety by 219.8% during the second quarter. Conestoga Capital Advisors LLC now owns 306,943 shares of the industrial products company’s stock valued at $57,610,000 after buying an additional 210,968 shares during the period. Goldman Sachs Group Inc. lifted its position in MSA Safety by 41.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 293,205 shares of the industrial products company’s stock worth $49,502,000 after buying an additional 86,225 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of MSA Safety by 12.2% during the 1st 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 acquiring an additional 77,960 shares in the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSA has been the subject of several recent research reports. Stifel Nicolaus increased their price objective on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, July 26th. William Blair upgraded shares of MSA Safety to a “strong-buy” rating in a research note on Tuesday, July 16th.

MSA Safety Trading Up 0.9 %

Shares of NYSE:MSA opened at $175.09 on Wednesday. MSA Safety Incorporated has a 52-week low of $147.35 and a 52-week high of $200.60. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.54 and a current ratio of 2.45. The company has a market cap of $6.90 billion, a P/E ratio of 25.94 and a beta of 0.99. The stock’s 50-day moving average is $176.32 and its 200-day moving average is $183.00.

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

MSA Safety Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, August 15th. MSA Safety’s dividend payout ratio (DPR) is presently 30.22%.

Insiders Place Their Bets

In other news, CEO Nishan J. Vartanian sold 3,945 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 31,953 shares of the company’s stock, valued at approximately $6,039,117. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.20% of the company’s stock.

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.