MSA Safety Incorporated (NYSE:MSA) Shares Purchased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its position in MSA Safety Incorporated (NYSE:MSA) by 1.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 32,340 shares of the industrial products company’s stock after purchasing an additional 419 shares during the period. Texas Permanent School Fund Corp owned about 0.08% of MSA Safety worth $6,261,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MSA. Graham Capital Management L.P. acquired a new stake in MSA Safety in the 3rd quarter valued at about $389,000. B. Riley Wealth Advisors Inc. raised its position in shares of MSA Safety by 7.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,140 shares of the industrial products company’s stock worth $653,000 after purchasing an additional 300 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in MSA Safety by 5.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 51,855 shares of the industrial products company’s stock valued at $8,175,000 after buying an additional 2,866 shares in the last quarter. Vanguard Group Inc. grew its holdings in MSA Safety by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,802,609 shares of the industrial products company’s stock valued at $599,481,000 after buying an additional 14,236 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in MSA Safety during the fourth quarter worth $26,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Insider Activity

In other news, CEO Nishan J. Vartanian sold 11,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $185.29, for a total transaction 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 approximately $10,524,472. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 6.20% of the company’s stock.

MSA Safety Price Performance

Shares of NYSE:MSA traded up $4.01 on Friday, hitting $195.78. The company had a trading volume of 9,732 shares, compared to its average volume of 151,619. The company has a current ratio of 2.51, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. The company has a market cap of $7.71 billion, a PE ratio of 28.67 and a beta of 0.99. MSA Safety Incorporated has a 52-week low of $147.35 and a 52-week high of $196.02. The business has a 50 day moving average of $184.49 and a 200 day moving average of $180.80.

MSA Safety (NYSE:MSA) last released its quarterly earnings results 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. The company had revenue of $413.00 million for the quarter, compared to analysts’ expectations of $428.38 million. MSA Safety had a net margin of 14.81% and a return on equity of 31.51%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $1.36 EPS. As a group, equities analysts anticipate that MSA Safety Incorporated will post 7.75 earnings per share for the current fiscal year.

MSA Safety Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.51 dividend. The ex-dividend date was Tuesday, May 14th. This is an increase from MSA Safety’s previous quarterly dividend of $0.47. This represents a $2.04 annualized dividend and a yield of 1.04%. MSA Safety’s payout ratio is 30.22%.

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.