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

Mutual of America Capital Management LLC decreased its position in shares of MSA Safety Incorporated (NYSE:MSA) by 4.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,830 shares of the industrial products company’s stock after selling 1,184 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of MSA Safety worth $3,854,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in shares of MSA Safety during the 4th quarter valued at $25,000. Exchange Traded Concepts LLC purchased a new position in shares of MSA Safety during the 4th quarter valued at $26,000. Qube Research & Technologies Ltd purchased a new position in shares of MSA Safety during the 3rd quarter valued at $39,000. Global Retirement Partners LLC purchased a new position in shares of MSA Safety during the 4th quarter valued at $46,000. Finally, Covestor Ltd lifted its stake in shares of MSA Safety by 71.7% during the 1st quarter. Covestor Ltd now owns 297 shares of the industrial products company’s stock valued at $39,000 after buying an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

MSA has been the topic of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of MSA Safety from $200.00 to $209.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. StockNews.com raised MSA Safety from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $189.50.

Insider Activity at MSA Safety

In related news, CEO Nishan J. Vartanian sold 4,099 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $185.75, for a total value of $761,389.25. Following the completion of the sale, the chief executive officer now directly owns 67,800 shares in the company, valued at $12,593,850. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Rebecca B. Roberts sold 1,100 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $181.84, for a total value of $200,024.00. Following the completion of the sale, the director now directly owns 8,474 shares in the company, valued at $1,540,912.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Nishan J. Vartanian sold 4,099 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $185.75, for a total value of $761,389.25. Following the completion of the sale, the chief executive officer now owns 67,800 shares of the company’s stock, valued at $12,593,850. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,504 shares of company stock valued at $1,017,991. 6.07% of the stock is owned by corporate insiders.

MSA Safety Trading Down 0.3 %

MSA stock opened at $187.16 on Wednesday. The firm has a fifty day moving average price of $184.72 and a 200 day moving average price of $170.97. MSA Safety Incorporated has a fifty-two week low of $122.57 and a fifty-two week high of $196.02. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.48 and a current ratio of 2.36. The firm has a market cap of $7.36 billion, a PE ratio of 129.08 and a beta of 1.01.

MSA Safety (NYSE:MSA) last posted its earnings results on Wednesday, February 14th. The industrial products company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.18. MSA Safety had a net margin of 3.28% and a return on equity of 32.44%. The firm had revenue of $495.00 million during the quarter, compared to analyst estimates of $467.52 million. During the same period last year, the firm posted $1.80 earnings per share. MSA Safety’s revenue for the quarter was up 11.7% compared to the same quarter last year. Sell-side analysts anticipate that MSA Safety Incorporated will post 7.73 earnings per share for the current fiscal year.

About MSA Safety

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.