MSA Safety Incorporporated (NYSE:MSA) Releases Earnings Results, Beats Estimates By $0.26 EPS

MSA Safety Incorporporated (NYSE:MSA) issued its earnings results on Thursday. The industrial products company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.14 by $0.26, FiscalAI reports. MSA Safety Incorporporated had a return on equity of 24.54% and a net margin of 15.16%.The firm had revenue of $503.33 million during the quarter, compared to analysts’ expectations of $496.27 million. During the same period last year, the business earned $1.93 earnings per share. MSA Safety Incorporporated’s quarterly revenue was up 6.2% compared to the same quarter last year.

MSA Safety Incorporporated Price Performance

MSA Safety Incorporporated stock traded down $1.55 during mid-day trading on Thursday, hitting $174.26. 220,108 shares of the company were exchanged, compared to its average volume of 227,414. The company has a quick ratio of 1.92, a current ratio of 3.17 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average of $168.03 and a 200 day moving average of $175.05. MSA Safety Incorporporated has a 1-year low of $151.10 and a 1-year high of $208.92. The company has a market capitalization of $6.73 billion, a PE ratio of 23.55 and a beta of 0.95.

MSA Safety Incorporporated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.2%. This is a positive change from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, May 15th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is currently 29.19%.

Insider Activity

In other news, CFO Julie A. Beck bought 448 shares of MSA Safety Incorporporated stock in a transaction dated Thursday, June 11th. The shares were bought at an average price of $158.69 per share, for a total transaction of $71,093.12. Following the purchase, the chief financial officer owned 3,825 shares of the company’s stock, valued at approximately $606,989.25. This trade represents a 13.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

Institutional Trading of MSA Safety Incorporporated

Large investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its stake in shares of MSA Safety Incorporporated by 700.0% in the third quarter. Brown Brothers Harriman & Co. now owns 144 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 126 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in MSA Safety Incorporporated by 94.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 96 shares during the last quarter. Danske Bank A S bought a new stake in MSA Safety Incorporporated during the 3rd quarter worth approximately $69,000. Quarry LP increased its holdings in MSA Safety Incorporporated by 94.0% during the 4th quarter. Quarry LP now owns 423 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 205 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in MSA Safety Incorporporated by 125.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 900 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 500 shares in the last quarter. 92.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

MSA has been the topic of several analyst reports. DA Davidson lowered their price target on shares of MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Weiss Ratings raised shares of MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Wall Street Zen lowered shares of MSA Safety Incorporporated from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Robert W. Baird set a $197.00 price target on shares of MSA Safety Incorporporated in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $203.60.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.