Robert W. Baird Cuts MSA Safety (NYSE:MSA) Price Target to $161.00

MSA Safety (NYSE:MSA) had its price target reduced by Robert W. Baird from $175.00 to $161.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

Separately, DA Davidson initiated coverage on MSA Safety in a report on Thursday, December 19th. They set a “buy” rating and a $195.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $194.20.

MSA Safety Stock Performance

MSA opened at $144.17 on Tuesday. MSA Safety has a twelve month low of $127.86 and a twelve month high of $200.61. The firm has a market capitalization of $5.66 billion, a PE ratio of 20.00 and a beta of 0.97. The company has a current ratio of 2.79, a quick ratio of 1.76 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $151.66 and its 200 day moving average price is $163.07.

MSA Safety (NYSE:MSA) last issued its earnings results on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.02. MSA Safety had a return on equity of 28.64% and a net margin of 15.76%. As a group, sell-side analysts expect that MSA Safety will post 8.06 EPS for the current fiscal year.

Insider Activity

In related news, CAO Jonathan D. Buck sold 717 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $159.00, for a total value of $114,003.00. Following the sale, the chief accounting officer now directly owns 3,673 shares in the company, valued at approximately $584,007. The trade was a 16.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On MSA Safety

Institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. increased its holdings in MSA Safety by 78.4% in the 4th quarter. UMB Bank n.a. now owns 182 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 80 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in shares of MSA Safety by 120.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 225 shares of the industrial products company’s stock valued at $37,000 after buying an additional 123 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of MSA Safety by 39.4% in the 1st quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company’s stock valued at $39,000 after buying an additional 76 shares during the period. JFS Wealth Advisors LLC lifted its stake in MSA Safety by 97.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 251 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 124 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in MSA Safety by 81.3% during the 4th quarter. First Horizon Advisors Inc. now owns 330 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 148 shares during the period. 92.51% of the stock is owned by hedge funds and other institutional investors.

About MSA Safety

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.