MSA Safety Incorporated (NYSE:MSA) Position Cut by Mutual of America Capital Management LLC

Posted by Defense World Staff on Aug 5th, 2023

Mutual of America Capital Management LLC trimmed its holdings in MSA Safety Incorporated (NYSE:MSA – Free Report) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,640 shares of the industrial products company’s stock after selling 621 shares during the quarter. Mutual of America Capital Management LLC owned about 0.08% of MSA Safety worth $3,957,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSA. HighTower Advisors LLC grew its holdings in MSA Safety by 19.5% in the 1st quarter. HighTower Advisors LLC now owns 2,275 shares of the industrial products company’s stock worth $301,000 after buying an additional 372 shares in the last quarter. Citigroup Inc. grew its holdings in MSA Safety by 37.5% in the 1st quarter. Citigroup Inc. now owns 6,856 shares of the industrial products company’s stock worth $910,000 after buying an additional 1,870 shares in the last quarter. Bank of Montreal Can grew its holdings in MSA Safety by 2.6% in the 1st quarter. Bank of Montreal Can now owns 5,793 shares of the industrial products company’s stock worth $796,000 after buying an additional 148 shares in the last quarter. MetLife Investment Management LLC grew its holdings in MSA Safety by 36.1% in the 1st quarter. MetLife Investment Management LLC now owns 24,055 shares of the industrial products company’s stock worth $3,192,000 after buying an additional 6,385 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in MSA Safety by 58.6% in the 1st quarter. Panagora Asset Management Inc. now owns 4,844 shares of the industrial products company’s stock worth $643,000 after buying an additional 1,789 shares in the last quarter. 76.83% of the stock is owned by institutional investors.

MSA Safety Price Performance

Shares of NYSE:MSA opened at $176.20 on Friday. MSA Safety Incorporated has a one year low of $108.75 and a one year high of $185.56. The stock has a fifty day moving average of $162.67 and a 200-day moving average of $144.44. The company has a market capitalization of $6.92 billion, a PE ratio of 550.63 and a beta of 0.98. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.65 and a current ratio of 2.84.

MSA Safety (NYSE:MSA – Get Free Report) last announced its earnings results on Monday, July 31st. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.37. MSA Safety had a net margin of 0.80% and a return on equity of 30.28%. The company had revenue of $447.00 million for the quarter, compared to the consensus estimate of $421.14 million. During the same period in the previous year, the business earned $1.29 EPS. The company’s revenue was up 20.2% on a year-over-year basis. As a group, equities analysts anticipate that MSA Safety Incorporated will post 6.53 EPS for the current fiscal year.

MSA Safety Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Tuesday, August 15th. MSA Safety’s dividend payout ratio (DPR) is presently 587.50%.

Insiders Place Their Bets

In other MSA Safety news, VP Bob Willem Leenen sold 1,250 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $179.00, for a total transaction of $223,750.00. Following the transaction, the vice president now directly owns 8,167 shares of the company’s stock, valued at $1,461,893. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other MSA Safety news, VP Bob Willem Leenen sold 1,250 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $179.00, for a total transaction of $223,750.00. Following the transaction, the vice president now directly owns 8,167 shares of the company’s stock, valued at $1,461,893. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Nishan J. Vartanian sold 12,500 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $142.73, for a total transaction of $1,784,125.00. Following the transaction, the chief executive officer now directly owns 39,547 shares in the company, valued at $5,644,543.31. The disclosure for this sale can be found here. Insiders have sold 16,948 shares of company stock valued at $2,485,741 over the last three months. 6.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MSA. Stifel Nicolaus upped their target price on MSA Safety from $168.00 to $196.00 and gave the stock a “buy” rating in a research report on Wednesday. TheStreet upgraded MSA Safety from a “c” rating to a “b” rating in a research report on Monday. StockNews.com upgraded MSA Safety from a “hold” rating to a “buy” rating in a research report on Wednesday. William Blair upgraded MSA Safety from a “market perform” rating to an “outperform” rating in a research report on Monday, June 12th. Finally, Robert W. Baird upped their target price on MSA Safety from $159.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $183.00.

MSA Safety Company Profile

(Free Report)

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.