MSA Safety (NYSE:MSA – Get Rating) had its price objective hoisted by equities researchers at Stifel Nicolaus from $149.00 to $152.00 in a research note issued on Tuesday, The Fly reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Stifel Nicolaus' price target would indicate a potential upside of 26.57% from the stock's previous close.
Separately, StockNews.com cut shares of MSA Safety from a "buy" rating to a "hold" rating in a research report on Monday, August 29th.
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MSA Safety Trading Down 0.8 %
Shares of MSA Safety stock opened at $120.09 on Tuesday. The stock has a market capitalization of $4.70 billion, a P/E ratio of 117.74 and a beta of 0.91. The company has a quick ratio of 1.50, a current ratio of 2.51 and a debt-to-equity ratio of 0.74. The company has a 50-day simple moving average of $125.00 and a 200 day simple moving average of $126.35. MSA Safety has a 12-month low of $112.89 and a 12-month high of $157.29.
MSA Safety (NYSE:MSA – Get Rating) last announced its earnings results on Wednesday, July 27th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.04. The business had revenue of $372.31 million during the quarter, compared to analysts' expectations of $363.70 million. MSA Safety had a net
margin of 2.79% and a return on equity of 23.65%. The firm's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $1.06 EPS. Research analysts expect that MSA Safety will post 5.3 earnings per share for the current fiscal year.
Insider Transactions at MSA Safety
In other news, Director Robert A. Bruggeworth sold 885 shares of MSA Safety stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $131.00, for a total transaction of $115,935.00. Following the completion of the sale, the director now owns 2,423 shares in the company, valued at approximately $317,413. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director William M. Lambert sold 28,767 shares of MSA Safety stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $126.11, for a total transaction of $3,627,806.37. Following the transaction, the director now owns 42,869 shares of the company's stock, valued at approximately $5,406,209.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert A. Bruggeworth sold 885 shares of MSA Safety stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $131.00, for a total transaction of $115,935.00. Following the transaction, the director now directly owns 2,423 shares in the company, valued at approximately $317,413. The disclosure for this sale can be found here. 6.49% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its stake in MSA Safety by 13.1% during the 2nd quarter. State Street Corp now owns 2,066,285 shares of the industrial products company's stock worth $250,165,000 after acquiring an additional 238,982 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in MSA Safety by 1.8% in the second quarter. JPMorgan Chase & Co. now owns 1,981,217 shares of the industrial products company's stock valued at $239,866,000 after buying an additional 35,644 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in MSA Safety by 5.7% in the second quarter. Champlain Investment Partners LLC now owns 1,465,930 shares of the industrial products company's stock valued at $177,480,000 after buying an additional 79,310 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in MSA Safety by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 823,134 shares of the industrial products company's stock valued at $109,230,000 after buying an additional 5,314 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in MSA Safety by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 693,528 shares of the industrial products company's stock valued at $92,036,000 after buying an additional 15,653 shares in the last quarter. Institutional investors own 76.95% of the company's stock.
MSA Safety Company Profile
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MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, utilities, military, and mining industries in North America, Latin America, and internationally.
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