Wilbanks Smith & Thomas Asset Management LLC held its position in MSA Safety Incorporporated (NYSE:MSA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,864 shares of the industrial products company’s stock at the close of the second quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in MSA Safety Incorporporated were worth $232,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of MSA. UBS Asset Management Americas Inc. lifted its position in MSA Safety Incorporporated by 47.9% in the first quarter. UBS Asset Management Americas Inc. now owns 15,222 shares of the industrial products company’s stock worth $1,076,000 after buying an additional 4,931 shares during the last quarter. Karp Capital Management Corp bought a new stake in MSA Safety Incorporporated in the first quarter worth $735,000. Ameriprise Financial Inc. lifted its position in MSA Safety Incorporporated by 14.3% in the first quarter. Ameriprise Financial Inc. now owns 94,315 shares of the industrial products company’s stock worth $6,667,000 after buying an additional 11,807 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in MSA Safety Incorporporated by 13.1% in the first quarter. Parametric Portfolio Associates LLC now owns 88,631 shares of the industrial products company’s stock worth $6,265,000 after buying an additional 10,233 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in MSA Safety Incorporporated by 36.6% in the first quarter. Prudential Financial Inc. now owns 27,652 shares of the industrial products company’s stock worth $1,955,000 after buying an additional 7,410 shares during the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.
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In other news, Director John T. Ryan III sold 32,100 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $71.43, for a total transaction of $2,292,903.00. Following the completion of the transaction, the director now directly owns 1,025,013 shares in the company, valued at approximately $73,216,678.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Markus H. Weber sold 2,300 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $71.08, for a total value of $163,484.00. Following the transaction, the vice president now owns 13,801 shares of the company’s stock, valued at $980,975.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,211 shares of company stock valued at $2,879,428. 15.53% of the stock is owned by company insiders.
MSA has been the subject of a number of analyst reports. BidaskClub downgraded MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Zacks Investment Research downgraded MSA Safety Incorporporated from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Robert W. Baird raised their price target on MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, June 30th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $91.00 price target on shares of MSA Safety Incorporporated in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $86.33.
MSA Safety Incorporporated (NYSE:MSA) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.02). The company had revenue of $288.78 million during the quarter, compared to analysts’ expectations of $302.94 million. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 earnings per share.
MSA Safety Incorporporated Company Profile
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.
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