Shares of MSA Safety Incorporporated (NYSE:MSA – Get Free Report) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $211.33.
MSA has been the topic of a number of recent research reports. DA Davidson set a $223.00 price objective on MSA Safety Incorporporated in a research report on Tuesday, August 4th. Robert W. Baird lifted their price objective on shares of MSA Safety Incorporporated from $197.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, B. Riley Financial lowered shares of MSA Safety Incorporporated from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $210.00 to $195.00 in a research report on Monday, August 3rd.
Get Our Latest Analysis on MSA
MSA Safety Incorporporated Stock Up 1.3%
MSA Safety Incorporporated (NYSE:MSA – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.26. MSA Safety Incorporporated had a net margin of 16.13% and a return on equity of 25.13%. The company had revenue of $503.33 million for the quarter, compared to analysts’ expectations of $496.27 million. During the same quarter in the previous year, the business posted $1.93 earnings per share. MSA Safety Incorporporated’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities analysts expect that MSA Safety Incorporporated will post 9.12 earnings per share for the current fiscal year.
MSA Safety Incorporporated Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.2%. MSA Safety Incorporporated’s dividend payout ratio is currently 26.87%.
Insider Activity at MSA Safety Incorporporated
In related news, CAO Jonathan Buck sold 469 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $191.00, for a total transaction of $89,579.00. Following the completion of the sale, the chief accounting officer directly owned 3,776 shares of the company’s stock, valued at approximately $721,216. This trade represents a 11.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Nishan Vartanian sold 20,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $193.99, for a total transaction of $3,879,800.00. Following the sale, the chairman directly owned 50,324 shares of the company’s stock, valued at $9,762,352.76. This represents a 28.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.70% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of MSA. Root Financial Partners LLC raised its stake in MSA Safety Incorporporated by 109.3% in the first quarter. Root Financial Partners LLC now owns 157 shares of the industrial products company’s stock worth $26,000 after buying an additional 82 shares in the last quarter. Allied Private Wealth LLC purchased a new stake in shares of MSA Safety Incorporporated during the 2nd quarter worth $27,000. IFP Advisors Inc boosted its position in MSA Safety Incorporporated by 623.3% during the second quarter. IFP Advisors Inc now owns 217 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 187 shares in the last quarter. Nykredit A S bought a new stake in MSA Safety Incorporporated during the second quarter valued at about $56,000. Finally, EverSource Wealth Advisors LLC grew its stake in MSA Safety Incorporporated by 39.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 331 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.
About MSA Safety Incorporporated
MSA Safety Incorporated develops and manufactures safety products and systems designed to protect workers and facility occupants in hazardous environments. Its solutions are used across industries including construction, manufacturing, utilities, oil and gas, mining, emergency services, and public safety.
The company’s product portfolio includes industrial head, face, eye, and hearing protection; fire and rescue helmets and protective equipment; respiratory protection; portable and fixed gas-detection instruments; fall-protection systems; thermal-imaging cameras; and related software and connected safety technologies.
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