Texas Permanent School Fund Has $3.57 Million Holdings in MSA Safety Incorporated (NYSE:MSA)

Posted by on May 8th, 2023

Texas Permanent School Fund cut its stake in MSA Safety Incorporated (NYSE:MSA – Get Rating) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,771 shares of the industrial products company’s stock after selling 1,683 shares during the period. Texas Permanent School Fund owned approximately 0.06% of MSA Safety worth $3,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV boosted its stake in shares of MSA Safety by 189.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 191 shares of the industrial products company’s stock worth $28,000 after buying an additional 125 shares during the last quarter. CWM LLC boosted its stake in shares of MSA Safety by 49.4% during the 3rd 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. Wipfli Financial Advisors LLC acquired a new position in shares of MSA Safety during the 3rd quarter worth about $33,000. Covestor Ltd boosted its stake in shares of MSA Safety by 71.7% during the 1st 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. Finally, Point72 Hong Kong Ltd acquired a new position in shares of MSA Safety during the 3rd quarter worth about $85,000. 80.37% of the stock is owned by institutional investors and hedge funds.

MSA Safety Stock Up 5.0 %

Shares of MSA stock opened at $134.19 on Monday. The company has a quick ratio of 1.57, a current ratio of 2.84 and a debt-to-equity ratio of 1.09. The firm’s 50-day moving average is $132.09 and its 200-day moving average is $134.33. MSA Safety Incorporated has a 52-week low of $108.75 and a 52-week high of $146.33.

MSA Safety (NYSE:MSA – Get Rating) last issued its earnings results on Monday, May 1st. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.31. The company had revenue of $398.26 million for the quarter, compared to analysts’ expectations of $361.77 million. MSA Safety had a negative net margin of 0.38% and a positive return on equity of 27.70%. MSA Safety’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. As a group, equities research analysts forecast that MSA Safety Incorporated will post 6 EPS for the current fiscal year.

MSA Safety Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 10th. Shareholders of record on Tuesday, May 16th will be issued a $0.47 dividend. This is a boost from MSA Safety’s previous quarterly dividend of $0.46. This represents a $1.88 annualized dividend and a yield of 1.40%. The ex-dividend date is Monday, May 15th. MSA Safety’s dividend payout ratio is currently -1,082.35%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MSA shares. StockNews.com downgraded shares of MSA Safety from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Robert W. Baird upped their target price on shares of MSA Safety from $136.00 to $152.00 in a report on Monday, January 9th. Finally, TheStreet cut shares of MSA Safety from a “b-” rating to a “c” rating in a report on Monday, May 1st.

Insider Buying and Selling at MSA Safety

In other MSA Safety news, Director Rebecca B. Roberts sold 1,949 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $134.28, for a total value of $261,711.72. Following the transaction, the director now directly owns 9,331 shares of the company’s stock, valued at approximately $1,252,966.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other MSA Safety news, CAO Jonathan D. Buck sold 713 shares of the stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $135.29, for a total transaction of $96,461.77. Following the transaction, the chief accounting officer now owns 3,361 shares in the company, valued at approximately $454,709.69. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Rebecca B. Roberts sold 1,949 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $134.28, for a total transaction of $261,711.72. Following the transaction, the director now owns 9,331 shares in the company, valued at approximately $1,252,966.68. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

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 includes manufacturing and research and development facilities in the U.S., Mexico, and Brazil.

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

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