MetLife Investment Management LLC Decreases Stake in MSA Safety Incorporated (NYSE:MSA)

Posted by Defense World Staff on Feb 26th, 2023

MetLife Investment Management LLC lowered its stake in MSA Safety Incorporated (NYSE:MSA – Get Rating) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,214 shares of the industrial products company’s stock after selling 166 shares during the period. MetLife Investment Management LLC owned 0.06% of MSA Safety worth $2,646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC raised its holdings in shares of MSA Safety by 49.4% in the third quarter. CWM LLC now owns 263 shares of the industrial products company’s stock worth $29,000 after buying an additional 87 shares during the last quarter. Covestor Ltd raised its holdings in shares of MSA Safety by 71.7% in the first quarter. Covestor Ltd now owns 297 shares of the industrial products company’s stock worth $39,000 after buying an additional 124 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new position in shares of MSA Safety during the third quarter worth $33,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of MSA Safety during the second quarter worth $59,000. Finally, Ethic Inc. purchased a new position in shares of MSA Safety during the first quarter worth $233,000. Hedge funds and other institutional investors own 80.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MSA shares. Stifel Nicolaus raised their target price on shares of MSA Safety from $157.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, December 19th. TheStreet raised shares of MSA Safety from a “c” rating to a “b-” rating in a report on Friday, November 11th. Finally, Robert W. Baird raised their target price on shares of MSA Safety from $136.00 to $152.00 in a report on Monday, January 9th.

MSA Safety Stock Up 0.3 %

MSA stock opened at $134.45 on Friday. The firm has a market cap of $5.27 billion, a PE ratio of 29.48 and a beta of 0.92. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.57 and a current ratio of 2.54. The firm’s fifty day moving average is $136.90 and its 200 day moving average is $129.88. MSA Safety Incorporated has a one year low of $108.75 and a one year high of $146.33.

MSA Safety (NYSE:MSA – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The industrial products company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.62 by $0.18. The company had revenue of $443.00 million for the quarter, compared to analyst estimates of $429.88 million. MSA Safety had a net margin of 11.76% and a return on equity of 25.79%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $1.67 earnings per share. On average, research analysts forecast that MSA Safety Incorporated will post 5.68 EPS for the current year.

MSA Safety Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Tuesday, February 14th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, February 13th. This represents a $1.84 annualized dividend and a yield of 1.37%. MSA Safety’s dividend payout ratio is presently 40.35%.

About MSA Safety

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MSA Safety, Inc engages in the development, manufacture, and sale of innovative products, which enhance the safety and health of workers and protect facility infrastructures. It operates through the following geographical segments: Americas, International, and Corporate. The Americas segment consists of manufacturing and research and development facilities in the U.S., Mexico, and Brazil.