MSA Safety (NYSE:MSA) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.
Separately, Zacks Investment Research downgraded MSA Safety from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $108.33.
Shares of MSA stock traded down $0.34 on Thursday, reaching $104.56. 157,266 shares of the stock were exchanged, compared to its average volume of 139,749. The company has a market capitalization of $4.08 billion, a PE ratio of 23.24 and a beta of 1.26. MSA Safety has a one year low of $86.72 and a one year high of $113.06. The company has a current ratio of 2.67, a quick ratio of 1.94 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average price is $104.72.
MSA Safety (NYSE:MSA) last released its earnings results on Wednesday, July 24th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The company had revenue of $349.68 million during the quarter, compared to the consensus estimate of $351.73 million. MSA Safety had a return on equity of 28.35% and a net margin of 8.89%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 earnings per share. As a group, analysts anticipate that MSA Safety will post 4.88 earnings per share for the current year.
In related news, Director L Edward Shaw, Jr. sold 4,854 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $105.36, for a total value of $511,417.44. Following the completion of the sale, the director now owns 447,092 shares in the company, valued at $47,105,613.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bob Willem Leenen sold 871 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $106.42, for a total value of $92,691.82. Following the completion of the sale, the vice president now owns 6,497 shares of the company’s stock, valued at approximately $691,410.74. The disclosure for this sale can be found here. Insiders sold 16,473 shares of company stock valued at $1,749,120 in the last quarter. 9.12% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in MSA. Icon Wealth Partners LLC bought a new stake in shares of MSA Safety in the first quarter worth about $30,000. Starr International Co. Inc. bought a new stake in shares of MSA Safety in the first quarter worth about $71,000. BerganKDV Wealth Management LLC bought a new stake in shares of MSA Safety in the first quarter worth about $155,000. Piedmont Investment Advisors Inc. bought a new stake in shares of MSA Safety in the first quarter worth about $204,000. Finally, Financial Counselors Inc. bought a new stake in shares of MSA Safety in the first quarter worth about $250,000. Institutional investors own 74.09% of the company’s stock.
About MSA Safety
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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