MSA Safety Inc
In the published model solve dated 2026-Q2, anchored at $190.34, MSA Safety Inc (MSA) is priced for +11.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
At $164.46 the market pays about 20x company-wide operating income, which implies roughly 13% annual operating growth for five years. That pace is within range for MSA, with about half of comparable fast-growers having sustained it, so this is a fair-to-fully-valued quality name, not a bargain. The near-term wrinkle is government timing, not demand. Fire-service orders tied to federal AFG grants were delayed by a Homeland Security shutdown; about a third was captured in Q1 2026, with the rest e
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432 institutional managers reported holding MSA in 13F filings for the quarter ended 2026-03-31. Together they hold about 86% of the company; the top 10 hold 40%. 62 opened new positions that quarter. Held by Vanguard Group, BlackRock, Ruane Cunniff (Sequoia), among others. On the short side, 1.4M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
MSA has cut its share count 0.8% over the past five years, spending $226.76M on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 12 years straight; the current rate is $2.10 a share annually. Cash returned over the past three years: $218.64M in dividends and $187.84M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at MSA over the trailing three years: 2026: 1 buy totaling $71k. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MSA's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | +7.8% | -13.4% |
| 2023-10-26 | +7.6% | +5.5% |
| 2024-02-17 | +1.6% | +3.9% |
| 2024-05-01 | -4.4% | +1.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MSA's latest 8-K filings: 2026-07-30 (items 2.02, 9.01); 2026-07-21 (items 5.02); 2026-07-09 (items 8.01, 9.01); 2026-05-08 (items 5.07); 2026-05-05 (items 1.01, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.