Zacks Investment Research upgraded shares of MSA Safety Incorporporated (NYSE:MSA) from a hold rating to a buy rating in a research report report published on Thursday morning. They currently have $88.00 price objective on the industrial products company’s stock.
According to Zacks, “MSA Safety Inc. is engaged in the development, manufacture and supply of safety products that protect people and facility infrastructures. The company’s core product lines include self-contained breathing apparatus, fixed gas and flame detection systems, handheld gas detection instruments, industrial and fire service head protection products and fall protection devices. It serves a broad range of industries, including the oil, gas and petrochemical industry, the fire service, construction, mining and general industry. MSA Safety Inc., formerly known as Mine Safety Appliances Company, is headquartered in Cranberry Township, Pennsylvania. “
Other equities analysts have also issued reports about the stock. BidaskClub upgraded shares of MSA Safety Incorporporated from a strong sell rating to a sell rating in a research report on Thursday, August 17th. Robert W. Baird boosted their target price on shares of MSA Safety Incorporporated from $80.00 to $89.00 and gave the company a neutral rating in a report on Sunday, October 22nd. Stifel Nicolaus reiterated a buy rating and issued a $91.00 target price on shares of MSA Safety Incorporporated in a report on Friday, August 4th. Finally, Barrington Research reiterated a market perform rating on shares of MSA Safety Incorporporated in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. MSA Safety Incorporporated presently has an average rating of Hold and a consensus target price of $89.00.
MSA Safety Incorporporated (MSA) traded down $0.36 on Thursday, reaching $78.16. 75,400 shares of the company were exchanged, compared to its average volume of 213,866. The firm has a market capitalization of $2,986.27, a price-to-earnings ratio of 25.09 and a beta of 1.68. MSA Safety Incorporporated has a 52-week low of $59.50 and a 52-week high of $85.80. The company has a quick ratio of 1.52, a current ratio of 2.11 and a debt-to-equity ratio of 0.72.
MSA Safety Incorporporated (NYSE:MSA) last posted its quarterly earnings results on Thursday, October 19th. The industrial products company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. The firm had revenue of $296.13 million for the quarter, compared to analyst estimates of $298.47 million. MSA Safety Incorporporated had a net margin of 7.32% and a return on equity of 20.56%. MSA Safety Incorporporated’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 earnings per share. equities analysts anticipate that MSA Safety Incorporporated will post 3.31 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Tuesday, November 14th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Monday, November 13th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is 64.52%.
In other news, Chairman William M. Lambert sold 7,258 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $79.55, for a total value of $577,373.90. Following the sale, the chairman now directly owns 164,737 shares of the company’s stock, valued at approximately $13,104,828.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William M. Lambert sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $80.00, for a total transaction of $96,000.00. Following the completion of the sale, the chief executive officer now directly owns 164,737 shares in the company, valued at $13,178,960. The disclosure for this sale can be found here. Insiders sold a total of 64,834 shares of company stock worth $4,847,536 over the last three months. Insiders own 15.53% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in MSA. UBS Asset Management Americas Inc. raised its stake in shares of MSA Safety Incorporporated by 47.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 15,222 shares of the industrial products company’s stock valued at $1,076,000 after acquiring an additional 4,931 shares during the period. OppenheimerFunds Inc. raised its stake in shares of MSA Safety Incorporporated by 35.0% in the 1st quarter. OppenheimerFunds Inc. now owns 4,790 shares of the industrial products company’s stock valued at $339,000 after acquiring an additional 1,243 shares during the period. Teachers Advisors LLC raised its stake in shares of MSA Safety Incorporporated by 2.7% in the 1st quarter. Teachers Advisors LLC now owns 55,026 shares of the industrial products company’s stock valued at $3,890,000 after acquiring an additional 1,470 shares during the period. Legal & General Group Plc raised its stake in shares of MSA Safety Incorporporated by 31.8% in the 1st quarter. Legal & General Group Plc now owns 20,162 shares of the industrial products company’s stock valued at $1,425,000 after acquiring an additional 4,862 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of MSA Safety Incorporporated by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 3,060,446 shares of the industrial products company’s stock valued at $216,344,000 after acquiring an additional 247,532 shares during the period. 66.26% of the stock is currently owned by institutional investors and hedge funds.
About MSA Safety Incorporporated
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
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