MSA Safety Incorporporated $MSA Stock Holdings Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in MSA Safety Incorporporated (NYSE:MSA) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,546 shares of the industrial products company’s stock after selling 655 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MSA Safety Incorporporated were worth $3,275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSA. Champlain Investment Partners LLC raised its holdings in shares of MSA Safety Incorporporated by 28.4% in the 1st quarter. Champlain Investment Partners LLC now owns 1,738,675 shares of the industrial products company’s stock worth $255,046,000 after purchasing an additional 384,365 shares in the last quarter. Foresight Group Ltd Liability Partnership bought a new stake in shares of MSA Safety Incorporporated in the 1st quarter worth approximately $27,163,000. Argent Capital Management LLC bought a new stake in shares of MSA Safety Incorporporated in the 2nd quarter worth approximately $17,181,000. Nuveen LLC bought a new stake in shares of MSA Safety Incorporporated in the 1st quarter worth approximately $14,631,000. Finally, Speece Thorson Capital Group Inc. bought a new stake in shares of MSA Safety Incorporporated in the 1st quarter worth approximately $10,894,000. 92.51% of the stock is currently owned by institutional investors.

Insider Activity at MSA Safety Incorporporated

In other news, President Stephanie L. Sciullo sold 2,361 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $169.51, for a total transaction of $400,213.11. Following the transaction, the president owned 9,083 shares in the company, valued at $1,539,659.33. This represents a 20.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MSA has been the topic of a number of research reports. DA Davidson boosted their target price on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Stifel Nicolaus assumed coverage on shares of MSA Safety Incorporporated in a research note on Wednesday, July 16th. They issued a “hold” rating and a $182.00 price objective for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $189.20.

MSA Safety Incorporporated Stock Up 0.8%

MSA stock opened at $166.58 on Friday. MSA Safety Incorporporated has a 12-month low of $127.86 and a 12-month high of $182.85. The company has a quick ratio of 1.90, a current ratio of 3.11 and a debt-to-equity ratio of 0.54. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 23.76 and a beta of 0.99. The company has a 50 day moving average of $170.36 and a two-hundred day moving average of $165.76.

MSA Safety Incorporporated (NYSE:MSA) last released its earnings results on Monday, August 4th. The industrial products company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. MSA Safety Incorporporated had a net margin of 15.15% and a return on equity of 26.03%. The company had revenue of $474.12 million during the quarter, compared to the consensus estimate of $446.46 million. During the same quarter in the prior year, the firm earned $2.01 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that MSA Safety Incorporporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Incorporporated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.53 per share. The ex-dividend date was Friday, August 15th. This represents a $2.12 annualized dividend and a dividend yield of 1.3%. MSA Safety Incorporporated’s dividend payout ratio is 30.24%.

MSA Safety Incorporporated 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.