Two Sigma Securities LLC Takes Position in MSA Safety Incorporporated (MSA)

Two Sigma Securities LLC bought a new position in MSA Safety Incorporporated (NYSE:MSA) during the first quarter, Holdings Channel reports. The firm bought 6,560 shares of the industrial products company’s stock, valued at approximately $464,000.

Several other institutional investors have also made changes to their positions in MSA. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MSA Safety Incorporporated by 71.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,436 shares of the industrial products company’s stock worth $102,000 after buying an additional 597 shares during the period. Elkfork Partners LLC acquired a new position in shares of MSA Safety Incorporporated during the fourth quarter worth about $111,000. Capstone Asset Management Co. acquired a new position in shares of MSA Safety Incorporporated during the first quarter worth about $201,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of MSA Safety Incorporporated during the first quarter worth about $202,000. Finally, Parametrica Management Ltd acquired a new position in shares of MSA Safety Incorporporated during the first quarter worth about $211,000. Institutional investors and hedge funds own 63.27% of the company’s stock.

Institutional Ownership by Quarter for MSA Safety Incorporporated (NYSE:MSA)

Shares of MSA Safety Incorporporated (NYSE:MSA) traded up 2.65% during trading on Friday, hitting $83.27. 338,642 shares of the stock were exchanged. MSA Safety Incorporporated has a one year low of $48.92 and a one year high of $84.86. The stock’s 50 day moving average price is $80.06 and its 200 day moving average price is $71.96. The stock has a market cap of $3.16 billion, a PE ratio of 33.66 and a beta of 1.56.

MSA Safety Incorporporated (NYSE:MSA) last issued its earnings results on Tuesday, April 25th. The industrial products company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.08. MSA Safety Incorporporated had a return on equity of 19.54% and a net margin of 8.17%. The firm had revenue of $265.77 million for the quarter, compared to analyst estimates of $279.06 million. During the same period last year, the company earned $0.48 earnings per share. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities research analysts predict that MSA Safety Incorporporated will post $3.23 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Saturday, June 10th. Shareholders of record on Tuesday, May 23rd were given a $0.35 dividend. The ex-dividend date was Friday, May 19th. This is a positive change from MSA Safety Incorporporated’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 1.68%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is currently 57.85%.

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A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of MSA Safety Incorporporated from $81.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Barrington Research raised their target price on shares of MSA Safety Incorporporated from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Monday, February 27th. Finally, Zacks Investment Research upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Tuesday, May 2nd.

In other MSA Safety Incorporporated news, Director John T. Ryan III sold 13,867 shares of the stock in a transaction on Friday, April 28th. The stock was sold at an average price of $78.71, for a total value of $1,091,471.57. Following the sale, the director now directly owns 1,013,801 shares of the company’s stock, valued at $79,796,276.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kenneth D. Krause sold 1,900 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $79.00, for a total value of $150,100.00. Following the completion of the sale, the chief financial officer now directly owns 22,065 shares in the company, valued at $1,743,135. The disclosure for this sale can be found here. Insiders sold 345,901 shares of company stock worth $27,197,108 over the last ninety days. 15.53% of the stock is owned by corporate insiders.

About MSA Safety Incorporporated

Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.

Want to see what other hedge funds are holding MSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSA Safety Incorporporated (NYSE:MSA).

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