New Mexico Educational Retirement Board lifted its holdings in shares of MSA Safety Incorporated (NYSE:MSA – Free Report) by 15.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,700 shares of the industrial products company’s stock after acquiring an additional 900 shares during the period. New Mexico Educational Retirement Board’s holdings in MSA Safety were worth $894,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Thrivent Financial for Lutherans grew its stake in shares of MSA Safety by 0.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 9,814 shares of the industrial products company’s stock worth $1,415,000 after acquiring an additional 80 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of MSA Safety by 1.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the industrial products company’s stock worth $1,427,000 after acquiring an additional 100 shares during the last quarter. State of Michigan Retirement System grew its stake in shares of MSA Safety by 1.1% during the fourth quarter. State of Michigan Retirement System now owns 9,355 shares of the industrial products company’s stock worth $1,349,000 after acquiring an additional 100 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of MSA Safety by 5.3% during the fourth quarter. HighTower Advisors LLC now owns 2,434 shares of the industrial products company’s stock worth $348,000 after acquiring an additional 123 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of MSA Safety by 71.7% during the first quarter. Covestor Ltd now owns 297 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 76.83% of the company’s stock.
MSA Safety Trading Up 0.6 %
Shares of NYSE MSA opened at $166.88 on Friday. The business’s 50 day moving average price is $159.22 and its 200 day moving average price is $143.02. MSA Safety Incorporated has a 52 week low of $108.75 and a 52 week high of $176.00. The company has a current ratio of 2.84, a quick ratio of 1.65 and a debt-to-equity ratio of 1.09.
MSA Safety Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Saturday, June 10th. Shareholders of record on Tuesday, May 16th were issued a $0.47 dividend. The ex-dividend date was Monday, May 15th. This is an increase from MSA Safety’s previous quarterly dividend of $0.46. This represents a $1.88 dividend on an annualized basis and a yield of 1.13%. MSA Safety’s payout ratio is presently -1,105.88%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on MSA. William Blair upgraded MSA Safety from a “market perform” rating to an “outperform” rating in a research note on Monday, June 12th. StockNews.com started coverage on MSA Safety in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, TheStreet lowered MSA Safety from a “b-” rating to a “c” rating in a research report on Monday, May 1st.
Insider Buying and Selling at MSA Safety
In other MSA Safety news, CEO Nishan J. Vartanian sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $142.73, for a total value of $1,784,125.00. Following the completion of the transaction, the chief executive officer now directly owns 39,547 shares of the company’s stock, valued at $5,644,543.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MSA Safety news, CEO Nishan J. Vartanian sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $142.73, for a total value of $1,784,125.00. Following the completion of the transaction, the chief executive officer now directly owns 39,547 shares of the company’s stock, valued at $5,644,543.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nishan J. Vartanian sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $149.00, for a total value of $372,500.00. Following the transaction, the chief executive officer now directly owns 37,047 shares of the company’s stock, valued at $5,520,003. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,698 shares of company stock valued at $2,261,991. 6.20% of the stock is owned by company insiders.
MSA Safety Profile
MSA Safety Incorporated develops, manufactures, and supplies safety products and software that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, heating, ventilation, air conditioning and refrigeration, utilities, military, and mining industries in North America, Latin America, and internationally.
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