MSA Safety Incorporated (NYSE:MSA) insider Kerry M. Bove sold 2,416 shares of MSA Safety stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $83.98, for a total value of $202,895.68. Following the transaction, the insider now directly owns 51,284 shares in the company, valued at $4,306,830.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of MSA Safety Incorporated (NYSE MSA) traded down $0.04 on Wednesday, reaching $83.76. The company’s stock had a trading volume of 214,056 shares, compared to its average volume of 205,338. The firm has a market cap of $3,200.00, a P/E ratio of 125.01 and a beta of 1.52. MSA Safety Incorporated has a 52-week low of $65.95 and a 52-week high of $87.31. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.15 and a quick ratio of 1.62.
MSA Safety (NYSE:MSA) last announced its earnings results on Tuesday, February 20th. The industrial products company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.31. The firm had revenue of $346.00 million for the quarter, compared to the consensus estimate of $326.62 million. MSA Safety had a return on equity of 23.91% and a net margin of 2.17%. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. equities research analysts forecast that MSA Safety Incorporated will post 4.22 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of MSA Safety by 1.2% in the 4th quarter. BlackRock Inc. now owns 3,514,131 shares of the industrial products company’s stock worth $272,417,000 after acquiring an additional 42,647 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of MSA Safety by 8.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,402,315 shares of the industrial products company’s stock worth $111,498,000 after acquiring an additional 114,540 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of MSA Safety by 7.5% in the 3rd quarter. Principal Financial Group Inc. now owns 914,562 shares of the industrial products company’s stock worth $72,717,000 after acquiring an additional 63,465 shares in the last quarter. Channing Capital Management LLC raised its position in shares of MSA Safety by 9.2% in the 4th quarter. Channing Capital Management LLC now owns 869,856 shares of the industrial products company’s stock worth $67,431,000 after acquiring an additional 73,483 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of MSA Safety by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 852,771 shares of the industrial products company’s stock worth $67,805,000 after acquiring an additional 2,153 shares in the last quarter. 69.56% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on MSA shares. TheStreet downgraded MSA Safety from an “a-” rating to a “c+” rating in a report on Tuesday, February 20th. Zacks Investment Research raised MSA Safety from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Saturday, February 24th. Finally, Robert W. Baird raised MSA Safety from a “neutral” rating to an “outperform” rating and set a $89.00 target price on the stock in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $90.00.
About MSA Safety
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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