MSA Safety Inc. (NYSE:MSA) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the firm. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $57.33.
A number of research firms have weighed in on MSA. Robert W. Baird downgraded MSA Safety from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $54.00 to $57.00 in a report on Friday, July 22nd. Stifel Nicolaus raised MSA Safety from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, June 14th.
In related news, insider William M. Lambert sold 19,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $55.03, for a total value of $1,056,576.00. Following the completion of the transaction, the insider now owns 162,806 shares in the company, valued at approximately $8,959,214.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas K. Mcclaine sold 4,731 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $56.00, for a total transaction of $264,936.00. Following the completion of the transaction, the insider now owns 36,428 shares of the company’s stock, valued at approximately $2,039,968. The disclosure for this sale can be found here. 15.53% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. boosted its position in MSA Safety by 1.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 900,657 shares of the company’s stock valued at $43,547,000 after buying an additional 15,370 shares during the period. Silvercrest Asset Management Group LLC boosted its position in MSA Safety by 10.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 2,109,823 shares of the company’s stock valued at $102,010,000 after buying an additional 192,279 shares during the period. Norges Bank bought a new position in MSA Safety during the fourth quarter valued at $11,257,000. Teachers Advisors Inc. boosted its position in MSA Safety by 15.3% in the first quarter. Teachers Advisors Inc. now owns 55,614 shares of the company’s stock valued at $2,689,000 after buying an additional 7,390 shares during the period. Finally, BlackRock Inc. boosted its position in MSA Safety by 9.8% in the first quarter. BlackRock Inc. now owns 12,357 shares of the company’s stock valued at $597,000 after buying an additional 1,099 shares during the period. Hedge funds and other institutional investors own 60.18% of the company’s stock.
MSA Safety (NYSE:MSA) opened at 58.04 on Monday. The company has a 50-day moving average price of $56.44 and a 200 day moving average price of $52.30. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 27.56 and a beta of 1.62. MSA Safety has a 1-year low of $37.68 and a 1-year high of $58.62.
MSA Safety (NYSE:MSA) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The company had revenue of $296 million for the quarter, compared to the consensus estimate of $301.02 million. MSA Safety had a return on equity of 19.19% and a net margin of 6.69%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 earnings per share. Equities analysts anticipate that MSA Safety will post $2.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Thursday, August 18th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Tuesday, August 16th. MSA Safety’s payout ratio is currently 64.39%.
About MSA Safety
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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