Mutual of America Capital Management LLC Reduces Stock Position in MSA Safety Incorporated (NYSE:MSA)

Mutual of America Capital Management LLC lowered its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,018 shares of the industrial products company’s stock after selling 812 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MSA Safety were worth $4,262,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new position in MSA Safety during the 4th quarter valued at $25,000. Exchange Traded Concepts LLC purchased a new position in MSA Safety during the 4th quarter valued at $26,000. Quadrant Capital Group LLC raised its position in MSA Safety by 51.2% during the 4th quarter. Quadrant Capital Group LLC now owns 183 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 62 shares in the last quarter. Global Retirement Partners LLC bought a new stake in MSA Safety during the 4th quarter valued at $46,000. Finally, CWM LLC raised its position in MSA Safety by 50.7% during the 1st quarter. CWM LLC now owns 306 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Trading Up 0.9 %

Shares of NYSE MSA opened at $187.46 on Thursday. The company has a quick ratio of 1.54, a current ratio of 2.51 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $184.37 and a two-hundred day simple moving average of $180.73. The firm has a market cap of $7.38 billion, a PE ratio of 27.77 and a beta of 0.99. MSA Safety Incorporated has a twelve month low of $147.35 and a twelve month high of $196.02.

MSA Safety (NYSE:MSA) last issued its earnings results on Monday, April 29th. The industrial products company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.14. The business had revenue of $413.00 million during the quarter, compared to analyst estimates of $428.38 million. MSA Safety had a return on equity of 31.51% and a net margin of 14.81%. MSA Safety’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 EPS. Analysts expect that MSA Safety Incorporated will post 7.75 earnings per share for the current fiscal year.

MSA Safety Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, May 14th. This is a positive change from MSA Safety’s previous quarterly dividend of $0.47. This represents a $2.04 dividend on an annualized basis and a yield of 1.09%. MSA Safety’s payout ratio is 30.22%.

Insider Buying and Selling at MSA Safety

In other MSA Safety news, CEO Nishan J. Vartanian sold 11,000 shares of MSA Safety stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $185.29, for a total transaction of $2,038,190.00. Following the completion of the sale, the chief executive officer now directly owns 56,800 shares of the company’s stock, valued at approximately $10,524,472. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.07% of the stock is currently owned by corporate insiders.

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.