Julie Beck Acquires 448 Shares of MSA Safety Incorporporated (NYSE:MSA) Stock

MSA Safety Incorporporated (NYSE:MSAGet Free Report) CFO Julie Beck acquired 448 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $158.69 per share, with a total value of $71,093.12. Following the transaction, the chief financial officer directly owned 3,825 shares of the company’s stock, valued at $606,989.25. The trade was a 13.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

MSA Safety Incorporporated Stock Performance

Shares of NYSE MSA traded up $0.94 during trading hours on Friday, reaching $160.43. The stock had a trading volume of 220,396 shares, compared to its average volume of 252,761. The business’s fifty day moving average is $168.07 and its two-hundred day moving average is $173.36. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.17 and a quick ratio of 1.92. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 21.69 and a beta of 0.96. MSA Safety Incorporporated has a twelve month low of $151.10 and a twelve month high of $208.92.

MSA Safety Incorporporated (NYSE:MSAGet Free Report) last issued its earnings results on Monday, May 4th. The industrial products company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.14. The business had revenue of $463.63 million during the quarter, compared to analyst estimates of $451.28 million. MSA Safety Incorporporated had a return on equity of 24.54% and a net margin of 15.16%.MSA Safety Incorporporated’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. As a group, research analysts expect that MSA Safety Incorporporated will post 8.86 EPS for the current year.

MSA Safety Incorporporated declared that its board has initiated a stock buyback program on Thursday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

MSA Safety Incorporporated Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $0.54 dividend. The ex-dividend date was Friday, May 15th. This is a positive change from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.3%. MSA Safety Incorporporated’s dividend payout ratio is currently 29.19%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of MSA Safety Incorporporated from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. B. Riley Financial reissued a “buy” rating on shares of MSA Safety Incorporporated in a research report on Thursday, February 12th. National Bank Financial set a $235.00 price target on shares of MSA Safety Incorporporated in a research report on Wednesday, February 18th. Robert W. Baird set a $197.00 price target on shares of MSA Safety Incorporporated in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $180.00 price objective (down from $200.00) on shares of MSA Safety Incorporporated in a research note on Tuesday, March 31st. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $200.00.

Read Our Latest Stock Analysis on MSA

Institutional Trading of MSA Safety Incorporporated

Several hedge funds have recently modified their holdings of MSA. Brown Brothers Harriman & Co. increased its holdings in shares of MSA Safety Incorporporated by 700.0% during the third quarter. Brown Brothers Harriman & Co. now owns 144 shares of the industrial products company’s stock worth $25,000 after buying an additional 126 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of MSA Safety Incorporporated by 109.3% during 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. eCIO Inc. acquired a new stake in shares of MSA Safety Incorporporated during the fourth quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its holdings in shares of MSA Safety Incorporporated by 94.1% during the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock worth $33,000 after buying an additional 96 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of MSA Safety Incorporporated during the third quarter worth approximately $43,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Incorporporated Company Profile

(Get Free Report)

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.

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