MSA Safety (MSA) Lowered to “C+” at TheStreet

TheStreet lowered shares of MSA Safety (NYSE:MSA) from an a- rating to a c+ rating in a report published on Tuesday.

MSA has been the subject of several other research reports. Zacks Investment Research raised shares of MSA Safety from a hold rating to a buy rating and set a $88.00 target price for the company in a research note on Thursday, November 9th. Barrington Research reaffirmed a market perform rating on shares of MSA Safety in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $89.00.

Shares of MSA Safety (MSA) opened at $80.25 on Tuesday. MSA Safety has a 12 month low of $65.95 and a 12 month high of $86.36. The company has a quick ratio of 1.52, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. The company has a market cap of $2,907.93, a P/E ratio of 123.46 and a beta of 1.62.

MSA Safety (NYSE:MSA) last issued its earnings results on Tuesday, February 20th. The industrial products company reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.31. MSA Safety had a net margin of 2.17% and a return on equity of 23.93%. The firm had revenue of $346.00 million during the quarter, compared to the consensus estimate of $326.62 million. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business’s quarterly revenue was up 16.9% on a year-over-year basis. equities research analysts forecast that MSA Safety will post 3.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 14th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.74%. The ex-dividend date is Tuesday, February 13th. MSA Safety’s payout ratio is presently 215.39%.

In other news, CEO William M. Lambert sold 7,703 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $79.99, for a total value of $616,162.97. Following the completion of the transaction, the chief executive officer now owns 164,468 shares in the company, valued at $13,155,795.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman William M. Lambert sold 23,495 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.31, for a total transaction of $1,886,883.45. The disclosure for this sale can be found here. Insiders sold 35,321 shares of company stock valued at $2,839,600 in the last ninety days. Insiders own 15.53% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of MSA Safety by 1.2% in the fourth quarter. BlackRock Inc. now owns 3,514,131 shares of the industrial products company’s stock valued at $272,417,000 after buying an additional 42,647 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of MSA Safety by 8.9% in the third quarter. Bank of New York Mellon Corp now owns 1,402,315 shares of the industrial products company’s stock valued at $111,498,000 after buying an additional 114,540 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of MSA Safety by 7.5% in the third quarter. Principal Financial Group Inc. now owns 914,562 shares of the industrial products company’s stock valued at $72,717,000 after buying an additional 63,465 shares during the period. Channing Capital Management LLC boosted its holdings in shares of MSA Safety by 9.2% in the fourth quarter. Channing Capital Management LLC now owns 869,856 shares of the industrial products company’s stock valued at $67,431,000 after buying an additional 73,483 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of MSA Safety by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 852,771 shares of the industrial products company’s stock valued at $67,805,000 after buying an additional 2,153 shares during the period. Institutional investors own 68.57% of the company’s stock.

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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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