TCG Advisory Services LLC Buys Shares of 3,000 MSA Safety Incorporated (NYSE:MSA)

TCG Advisory Services LLC bought a new position in MSA Safety Incorporated (NYSE:MSA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,000 shares of the industrial products company’s stock, valued at approximately $506,000.

Several other hedge funds also recently modified their holdings of the business. Great Valley Advisor Group Inc. acquired a new position in MSA Safety during the fourth quarter worth $1,256,000. New York Life Investment Management LLC increased its holdings in shares of MSA Safety by 6.7% during the 4th quarter. New York Life Investment Management LLC now owns 4,195 shares of the industrial products company’s stock valued at $708,000 after acquiring an additional 265 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of MSA Safety by 18.1% in the 4th quarter. Victory Capital Management Inc. now owns 7,842 shares of the industrial products company’s stock valued at $1,324,000 after acquiring an additional 1,203 shares in the last quarter. Anchor Capital Advisors LLC raised its stake in shares of MSA Safety by 11.1% in the 4th quarter. Anchor Capital Advisors LLC now owns 11,789 shares of the industrial products company’s stock valued at $1,990,000 after acquiring an additional 1,181 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in MSA Safety by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 46,280 shares of the industrial products company’s stock worth $7,813,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Activity at MSA Safety

In other MSA Safety news, CEO Nishan J. Vartanian sold 4,099 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $185.75, for a total value of $761,389.25. Following the sale, the chief executive officer now directly owns 67,800 shares in the company, valued at approximately $12,593,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other MSA Safety news, CEO Nishan J. Vartanian sold 4,099 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 67,800 shares of the company’s stock, valued at approximately $12,593,850. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Rebecca B. Roberts sold 1,100 shares of MSA Safety stock in a transaction that occurred 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 sale, the director now directly owns 8,474 shares in the company, valued at approximately $1,540,912.16. The disclosure for this sale can be found here. Insiders sold a total of 16,504 shares of company stock worth $3,056,181 in the last ninety days. 6.20% of the stock is currently owned by insiders.

MSA Safety Stock Performance

Shares of NYSE:MSA traded down $1.39 during midday trading on Friday, hitting $183.93. The company’s stock had a trading volume of 134,828 shares, compared to its average volume of 130,942. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.48 and a current ratio of 2.51. The stock’s 50 day simple moving average is $187.56 and its 200 day simple moving average is $173.86. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 27.25 and a beta of 1.01. MSA Safety Incorporated has a fifty-two week low of $126.75 and a fifty-two week high of $196.02.

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

MSA Safety Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a dividend of $0.51 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.11%. This is a positive change from MSA Safety’s previous quarterly dividend of $0.47. MSA Safety’s payout ratio is 27.85%.

Analyst Ratings Changes

Separately, StockNews.com upgraded MSA Safety from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.50.

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.