Brokerages Set MSA Safety Inc (MSA) Price Target at $106.10

Shares of MSA Safety Inc (NYSE:MSA) have been given a consensus recommendation of “Hold” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $106.10.

A number of analysts have issued reports on MSA shares. ValuEngine downgraded shares of MSA Safety from a “buy” rating to a “hold” rating in a report on Friday, December 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $115.00 price target on shares of MSA Safety in a report on Wednesday, December 19th. Robert W. Baird downgraded shares of MSA Safety from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $107.00 to $98.00 in a report on Friday, December 21st. Zacks Investment Research downgraded shares of MSA Safety from a “hold” rating to a “sell” rating in a report on Friday, December 28th. Finally, William Blair began coverage on shares of MSA Safety in a report on Thursday, January 10th. They set a “market perform” rating and a $98.30 price target for the company.

In related news, insider William M. Lambert sold 24,592 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $103.50, for a total transaction of $2,545,272.00. Following the completion of the transaction, the insider now directly owns 56,734 shares in the company, valued at approximately $5,871,969. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director L Edward Shaw, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $104.02, for a total transaction of $5,201,000.00. Following the transaction, the director now owns 467,238 shares of the company’s stock, valued at $48,602,096.76. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama increased its position in MSA Safety by 0.4% during the 4th quarter. Retirement Systems of Alabama now owns 45,382 shares of the industrial products company’s stock worth $4,278,000 after purchasing an additional 185 shares in the last quarter. Nisa Investment Advisors LLC increased its position in MSA Safety by 2.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,060 shares of the industrial products company’s stock worth $666,000 after purchasing an additional 200 shares in the last quarter. Arizona State Retirement System increased its position in MSA Safety by 1.2% during the 4th quarter. Arizona State Retirement System now owns 25,123 shares of the industrial products company’s stock worth $2,368,000 after purchasing an additional 288 shares in the last quarter. Ffcm LLC increased its position in MSA Safety by 329.5% during the 4th quarter. Ffcm LLC now owns 378 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 290 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new position in MSA Safety during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

NYSE MSA traded up $1.33 during trading on Monday, reaching $100.94. The company’s stock had a trading volume of 188,400 shares, compared to its average volume of 191,184. The company has a quick ratio of 1.77, a current ratio of 2.33 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $3.84 billion, a P/E ratio of 22.43 and a beta of 1.31. MSA Safety has a 12 month low of $80.08 and a 12 month high of $110.83.

MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Thursday, February 21st. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.01. The firm had revenue of $361.78 million during the quarter, compared to the consensus estimate of $359.32 million. MSA Safety had a net margin of 9.14% and a return on equity of 27.35%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 EPS. Equities analysts expect that MSA Safety will post 4.81 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Sunday, March 10th. Stockholders of record on Tuesday, February 19th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, February 15th. MSA Safety’s dividend payout ratio (DPR) is presently 33.78%.

MSA Safety Company Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.

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