MSA Safety (NYSE:MSA) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of MSA Safety (NYSE:MSAGet Rating) from a hold rating to a buy rating in a report released on Tuesday.

Separately, Stifel Nicolaus lifted their target price on MSA Safety from $149.00 to $152.00 and gave the stock a buy rating in a research report on Tuesday.

MSA Safety Price Performance

Shares of NYSE MSA opened at $121.01 on Tuesday. MSA Safety has a fifty-two week low of $112.89 and a fifty-two week high of $157.29. The business has a 50 day moving average price of $125.05 and a two-hundred day moving average price of $126.39. The company has a quick ratio of 1.50, a current ratio of 2.51 and a debt-to-equity ratio of 0.74. The firm has a market cap of $4.73 billion, a PE ratio of 118.64 and a beta of 0.91.

MSA Safety (NYSE:MSAGet Rating) last issued its earnings results on Wednesday, July 27th. The industrial products company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.25 by $0.04. The company had revenue of $372.31 million during the quarter, compared to analyst estimates of $363.70 million. MSA Safety had a return on equity of 23.65% and a net margin of 2.79%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 EPS. Sell-side analysts expect that MSA Safety will post 5.3 earnings per share for the current fiscal year.

MSA Safety Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Tuesday, August 16th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.52%. MSA Safety’s dividend payout ratio is currently 180.39%.

Insider Activity at MSA Safety

In related news, Director Robert A. Bruggeworth sold 885 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $131.00, for a total transaction of $115,935.00. Following the completion of the transaction, the director now owns 2,423 shares in the company, valued at approximately $317,413. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robert A. Bruggeworth sold 885 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $131.00, for a total transaction of $115,935.00. Following the completion of the transaction, the director now owns 2,423 shares in the company, valued at approximately $317,413. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William M. Lambert sold 28,767 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $126.11, for a total value of $3,627,806.37. Following the transaction, the director now owns 42,869 shares of the company’s stock, valued at approximately $5,406,209.59. The disclosure for this sale can be found here. Insiders own 6.49% of the company’s stock.

Institutional Trading of MSA Safety

Several hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its stake in MSA Safety by 13.1% during the 2nd quarter. State Street Corp now owns 2,066,285 shares of the industrial products company’s stock valued at $250,165,000 after acquiring an additional 238,982 shares in the last quarter. JPMorgan Chase & Co. raised its stake in MSA Safety by 1.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,981,217 shares of the industrial products company’s stock valued at $239,866,000 after acquiring an additional 35,644 shares in the last quarter. Champlain Investment Partners LLC raised its stake in MSA Safety by 5.7% during the 2nd quarter. Champlain Investment Partners LLC now owns 1,465,930 shares of the industrial products company’s stock valued at $177,480,000 after acquiring an additional 79,310 shares in the last quarter. Bank of New York Mellon Corp raised its stake in MSA Safety by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 823,134 shares of the industrial products company’s stock valued at $109,230,000 after acquiring an additional 5,314 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in MSA Safety by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 693,528 shares of the industrial products company’s stock valued at $92,036,000 after acquiring an additional 15,653 shares in the last quarter. Institutional investors own 76.95% of the company’s stock.

About MSA Safety

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MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, utilities, military, and mining industries in North America, Latin America, and internationally.

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