MSA Safety Incorporporated (NYSE:MSA) insider Kerry M. Bove sold 5,727 shares of MSA Safety Incorporporated stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $80.00, for a total value of $458,160.00. Following the sale, the insider now owns 57,874 shares in the company, valued at approximately $4,629,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
MSA Safety Incorporporated (MSA) remained flat at $$79.38 during midday trading on Friday. The stock had a trading volume of 84,883 shares, compared to its average volume of 211,948. The company has a quick ratio of 1.52, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. MSA Safety Incorporporated has a 52 week low of $61.75 and a 52 week high of $85.80. The stock has a market cap of $2,970.00, a PE ratio of 25.32 and a beta of 1.67.
MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings results on Thursday, October 19th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.13. MSA Safety Incorporporated had a return on equity of 20.56% and a net margin of 7.32%. The firm had revenue of $296.13 million for the quarter, compared to analyst estimates of $298.47 million. During the same quarter last year, the company posted $0.72 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. equities research analysts forecast that MSA Safety Incorporporated will post 3.31 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Tuesday, November 14th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Monday, November 13th. MSA Safety Incorporporated’s dividend payout ratio is presently 63.93%.
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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in MSA Safety Incorporporated by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,596 shares of the industrial products company’s stock valued at $373,000 after purchasing an additional 18 shares in the last quarter. Capstone Asset Management Co. boosted its holdings in MSA Safety Incorporporated by 0.7% in the 2nd quarter. Capstone Asset Management Co. now owns 2,863 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 20 shares in the last quarter. Jennison Associates LLC boosted its holdings in MSA Safety Incorporporated by 0.3% in the 2nd quarter. Jennison Associates LLC now owns 8,538 shares of the industrial products company’s stock valued at $693,000 after purchasing an additional 26 shares in the last quarter. Royal Bank of Canada boosted its holdings in MSA Safety Incorporporated by 3.3% in the 2nd quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 53 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in MSA Safety Incorporporated by 2.0% in the 2nd quarter. Bank of Montreal Can now owns 2,908 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 58 shares in the last quarter. 66.79% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on MSA shares. Stifel Nicolaus reiterated a “buy” rating and set a $91.00 target price on shares of MSA Safety Incorporporated in a research report on Friday, August 4th. Zacks Investment Research upgraded MSA Safety Incorporporated from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Thursday, October 26th. Barrington Research reiterated a “market perform” rating on shares of MSA Safety Incorporporated in a research report on Monday, October 23rd. Robert W. Baird cut MSA Safety Incorporporated from an “outperform” rating to a “neutral” rating and set a $80.00 target price on the stock. in a research report on Tuesday, October 3rd. Finally, BidaskClub raised MSA Safety Incorporporated from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $89.00.
MSA Safety Incorporporated Company Profile
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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