Wall Street Zen lowered shares of MSA Safety Incorporporated (NYSE:MSA – Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.
Other equities research analysts have also recently issued reports about the stock. Robert W. Baird set a $197.00 price objective on shares of MSA Safety Incorporporated in a research report on Wednesday, May 6th. DA Davidson lowered their target price on MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating for the company in a report on Monday, May 11th. Jefferies Financial Group reissued a “hold” rating and issued a $180.00 price target (down from $200.00) on shares of MSA Safety Incorporporated in a research note on Tuesday, March 31st. Finally, Weiss Ratings upgraded MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $203.60.
Check Out Our Latest Stock Analysis on MSA
MSA Safety Incorporporated Stock Performance
MSA Safety Incorporporated (NYSE:MSA – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The industrial products company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.14. MSA Safety Incorporporated had a net margin of 15.16% and a return on equity of 24.54%. The company had revenue of $463.63 million during the quarter, compared to analysts’ expectations of $451.28 million. During the same quarter in the prior year, the company earned $1.68 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts expect that MSA Safety Incorporporated will post 8.86 earnings per share for the current fiscal year.
MSA Safety Incorporporated Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a $0.54 dividend. This is a boost 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 1.2%. The ex-dividend date of this dividend was Friday, May 15th. MSA Safety Incorporporated’s payout ratio is presently 29.19%.
Insider Buying and Selling
In other MSA Safety Incorporporated news, CFO Julie A. Beck bought 448 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average price of $158.69 per share, with a total value of $71,093.12. Following the completion of the transaction, the chief financial officer owned 3,825 shares in the company, valued at approximately $606,989.25. This trade represents a 13.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.
Institutional Investors Weigh In On MSA Safety Incorporporated
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. grew its holdings in shares of MSA Safety Incorporporated by 700.0% in the 3rd 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 in the last quarter. Root Financial Partners LLC raised its holdings in 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 acquiring an additional 82 shares in the last quarter. eCIO Inc. acquired a new position in MSA Safety Incorporporated during the fourth quarter valued at approximately $27,000. Allied Private Wealth LLC acquired a new position in MSA Safety Incorporporated during the second quarter valued at approximately $27,000. Finally, EverSource Wealth Advisors LLC boosted its position in 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 valued at $33,000 after purchasing an additional 96 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.
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.
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