Msa safety chairman Vartanian sells $4.8 million in stock

Published 14/05/2025, 14:58
Msa safety chairman Vartanian sells $4.8 million in stock

Nishan J. Vartanian, Chairman and Director of MSA Safety Inc (NYSE:MSA), sold 30,000 shares of the company’s common stock on May 13, 2025. The shares were sold at an average price of $161.32, totaling approximately $4.84 million. According to InvestingPro data, MSA Safety currently trades at a P/E ratio of 22.3x and maintains strong financial health with a current ratio of 2.94x. Following this transaction, Vartanian holds 35,401 shares directly, with an additional 1,190 shares indirectly owned by his wife. The company has demonstrated remarkable dividend consistency, maintaining payments for 53 consecutive years with 11 years of consecutive increases. InvestingPro analysis indicates the company is currently trading near its Fair Value, with additional insights available in the comprehensive Pro Research Report covering MSA among 1,400+ top US stocks.

In other recent news, MSA Safety Incorporated reported strong financial results for the first quarter of 2025, exceeding both earnings and revenue forecasts. The company achieved earnings per share of $1.68, surpassing the expected $1.58, while revenue reached $421 million, exceeding the forecast of $402.6 million. The detection segment showed robust growth, contributing significantly to these positive results. Additionally, MSA Safety announced the acquisition of M&C TechGroup, a German gas analysis firm, for approximately $200 million, which is expected to enhance MSA’s product offerings in the gas detection market. The acquisition is projected to be accretive to MSA’s adjusted earnings in 2025. Furthermore, MSA Safety raised its annual dividend for the 55th consecutive year, with a 4% increase in the quarterly dividend from $0.51 to $0.53 per common share. The company also declared a dividend of $0.5625 per share on preferred stock. These developments highlight MSA Safety’s strategic focus on growth and shareholder value.

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