Mutual of America Capital Management LLC Decreases Stake in MSA Safety Incorporated (NYSE:MSA)

Mutual of America Capital Management LLC reduced its holdings in MSA Safety Incorporated (NYSE:MSA) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,196 shares of the industrial products company’s stock after selling 822 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of MSA Safety worth $3,978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of MSA Safety by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 3,826,135 shares of the industrial products company’s stock worth $645,966,000 after buying an additional 23,526 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of MSA Safety by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 770,641 shares of the industrial products company’s stock worth $144,642,000 after buying an additional 22,366 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of MSA Safety by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 738,951 shares of the industrial products company’s stock worth $138,695,000 after buying an additional 22,979 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of MSA Safety by 12.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 718,969 shares of the industrial products company’s stock worth $139,186,000 after buying an additional 77,960 shares in the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in shares of MSA Safety by 7.6% in the first quarter. Champlain Investment Partners LLC now owns 707,534 shares of the industrial products company’s stock worth $136,972,000 after buying an additional 49,670 shares in the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

MSA Safety Price Performance

Shares of MSA stock opened at $181.01 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.45 and a quick ratio of 1.54. The firm’s 50-day moving average is $181.19 and its two-hundred day moving average is $184.51. MSA Safety Incorporated has a 12 month low of $147.35 and a 12 month high of $200.60. The company has a market capitalization of $7.13 billion, a PE ratio of 26.82 and a beta of 0.99.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.04. MSA Safety had a net margin of 14.97% and a return on equity of 30.64%. The business had revenue of $462.46 million during the quarter, compared to analysts’ expectations of $461.30 million. Analysts predict that MSA Safety Incorporated will post 7.75 earnings per share for the current year.

MSA Safety Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, August 15th. MSA Safety’s dividend payout ratio is presently 30.22%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. William Blair raised shares of MSA Safety to a “strong-buy” rating in a research note on Tuesday, July 16th.

Insider Buying and Selling at MSA Safety

In other MSA Safety news, CEO Nishan J. Vartanian sold 3,945 shares of MSA Safety stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $189.00, for a total transaction of $745,605.00. Following the completion of the sale, the chief executive officer now directly owns 31,953 shares in the company, valued at $6,039,117. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 6.20% of the company’s stock.

MSA Safety Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.