Retirement Systems of Alabama Has $16.56 Million Position in MSA Safety Incorporated (NYSE:MSA)

Retirement Systems of Alabama increased its position in shares of MSA Safety Incorporated (NYSE:MSA) by 2.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 99,899 shares of the industrial products company’s stock after purchasing an additional 2,180 shares during the quarter. Retirement Systems of Alabama’s holdings in MSA Safety were worth $16,560,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC acquired a new position in MSA Safety during the fourth quarter worth $29,894,000. Geode Capital Management LLC boosted its holdings in shares of MSA Safety by 27.6% in the 3rd quarter. Geode Capital Management LLC now owns 781,705 shares of the industrial products company’s stock worth $138,658,000 after acquiring an additional 169,168 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in MSA Safety by 34.2% during the 4th quarter. Conestoga Capital Advisors LLC now owns 590,718 shares of the industrial products company’s stock worth $97,923,000 after acquiring an additional 150,402 shares during the last quarter. State Street Corp increased its holdings in MSA Safety by 2.5% during the 3rd quarter. State Street Corp now owns 1,691,319 shares of the industrial products company’s stock valued at $299,939,000 after purchasing an additional 40,569 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in MSA Safety by 51.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 97,571 shares of the industrial products company’s stock valued at $17,303,000 after purchasing an additional 33,204 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Price Performance

MSA Safety stock opened at $166.31 on Friday. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 24.03 and a beta of 1.00. MSA Safety Incorporated has a 12-month low of $153.79 and a 12-month high of $200.60. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48. The business’s 50-day simple moving average is $167.41 and its 200 day simple moving average is $172.93.

MSA Safety Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, February 14th. MSA Safety’s dividend payout ratio (DPR) is 29.48%.

Analyst Ratings Changes

Several analysts have recently commented on MSA shares. DA Davidson initiated coverage on MSA Safety in a report on Thursday, December 19th. They set a “buy” rating and a $195.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of MSA Safety in a report on Thursday, December 12th. They set a “hold” rating and a $200.00 price objective on the stock. Finally, B. Riley began coverage on shares of MSA Safety in a research note on Tuesday, November 5th. They issued a “buy” rating and a $200.00 target price for the company. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $202.50.

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.