American International Group Inc. Has $8.44 Million Position in MSA Safety Incorporated (NYSE:MSA)

American International Group Inc. reduced its holdings in MSA Safety Incorporated (NYSE:MSA) by 4.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,967 shares of the industrial products company’s stock after selling 2,137 shares during the quarter. American International Group Inc.’s holdings in MSA Safety were worth $8,436,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in MSA Safety in the fourth quarter valued at approximately $4,960,000. Handelsbanken Fonder AB increased its stake in MSA Safety by 9.6% in the fourth quarter. Handelsbanken Fonder AB now owns 227,344 shares of the industrial products company’s stock valued at $38,382,000 after purchasing an additional 20,000 shares in the last quarter. Conestoga Capital Advisors LLC bought a new stake in MSA Safety in the fourth quarter valued at approximately $9,944,000. abrdn plc increased its stake in MSA Safety by 4.5% in the fourth quarter. abrdn plc now owns 233,346 shares of the industrial products company’s stock valued at $39,396,000 after purchasing an additional 9,949 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in MSA Safety by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,802,609 shares of the industrial products company’s stock valued at $599,481,000 after purchasing an additional 14,236 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of MSA Safety from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd.

Insider Transactions at MSA Safety

In related news, CEO Nishan J. Vartanian sold 11,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $185.29, for a total value of $2,038,190.00. Following the completion of the transaction, the chief executive officer now owns 56,800 shares of the company’s stock, valued at $10,524,472. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.07% of the stock is owned by insiders.

MSA Safety Stock Up 1.7 %

Shares of MSA stock opened at $184.81 on Thursday. The firm has a fifty day moving average of $184.62 and a 200-day moving average of $178.88. The company has a quick ratio of 1.54, a current ratio of 2.51 and a debt-to-equity ratio of 0.57. MSA Safety Incorporated has a 12-month low of $147.35 and a 12-month high of $196.02. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 27.38 and a beta of 0.99.

MSA Safety (NYSE:MSA) last issued its quarterly earnings data on Monday, April 29th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.14. MSA Safety had a net margin of 14.81% and a return on equity of 31.51%. The company had revenue of $413.00 million during the quarter, compared to the consensus estimate of $428.38 million. During the same quarter in the prior year, the firm earned $1.36 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts predict that MSA Safety Incorporated will post 7.75 earnings per share for the current fiscal year.

MSA Safety Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.51 per share. This is an increase from MSA Safety’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.10%. MSA Safety’s dividend payout ratio is currently 30.22%.

MSA Safety Company 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.