MSA Safety Incorporporated (NYSE:MSA) VP Markus H. Weber sold 2,300 shares of MSA Safety Incorporporated stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $71.08, for a total value of $163,484.00. Following the completion of the sale, the vice president now owns 13,801 shares of the company’s stock, valued at $980,975.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
MSA Safety Incorporporated (MSA) traded up 1.25% during mid-day trading on Friday, hitting $74.38. The company had a trading volume of 747,526 shares. MSA Safety Incorporporated has a 52 week low of $54.51 and a 52 week high of $84.86. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 37.47 and a beta of 1.64. The firm’s 50 day moving average is $71.73 and its 200 day moving average is $75.09.
MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.02). The firm had revenue of $288.78 million for the quarter, compared to analyst estimates of $302.94 million. MSA Safety Incorporporated had a return on equity of 19.64% and a net margin of 6.74%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 EPS. On average, equities research analysts predict that MSA Safety Incorporporated will post $3.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.35 per share. The ex-dividend date was Monday, August 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.88%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is currently 71.07%.
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Several research analysts recently issued reports on the company. Zacks Investment Research cut MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and issued a $91.00 price objective on shares of MSA Safety Incorporporated in a research report on Friday, August 4th. BidaskClub cut MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Robert W. Baird upped their price target on MSA Safety Incorporporated from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. One equities 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’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $87.50.
A number of large investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in MSA Safety Incorporporated by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,596 shares of the industrial products company’s stock worth $373,000 after acquiring an additional 18 shares in the last quarter. Capstone Asset Management Co. increased its stake in MSA Safety Incorporporated by 0.7% in the second 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 during the period. Northwestern Mutual Investment Management Company LLC increased its stake in MSA Safety Incorporporated by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,401 shares of the industrial products company’s stock valued at $382,000 after purchasing an additional 24 shares during the period. Jennison Associates LLC increased its stake in MSA Safety Incorporporated by 0.3% in the second 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 during the period. Finally, Royal Bank of Canada increased its stake in MSA Safety Incorporporated by 3.3% in the second 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 during the period. Hedge funds and other institutional investors own 68.24% of the company’s stock.
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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