MSA Safety (NYSE:MSA) Given New $183.00 Price Target at DA Davidson

MSA Safety (NYSE:MSA) had its price target trimmed by DA Davidson from $188.00 to $183.00 in a research report report published on Monday,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Several other equities research analysts also recently commented on MSA. Robert W. Baird lowered their target price on shares of MSA Safety from $175.00 to $161.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. B. Riley reissued a “buy” rating and set a $195.00 price objective (down previously from $200.00) on shares of MSA Safety in a research report on Thursday, May 1st. Finally, StockNews.com downgraded MSA Safety from a “buy” rating to a “hold” rating in a research note on Friday. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.80.

MSA Safety Stock Down 0.7 %

NYSE MSA opened at $155.85 on Monday. The stock has a fifty day moving average of $149.47 and a 200-day moving average of $161.19. The stock has a market capitalization of $6.12 billion, a P/E ratio of 21.62 and a beta of 0.96. MSA Safety has a 52 week low of $127.86 and a 52 week high of $200.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.76 and a current ratio of 2.79.

MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. MSA Safety had a net margin of 15.76% and a return on equity of 28.64%. The firm had revenue of $421.34 million for the quarter, compared to analysts’ expectations of $402.60 million. During the same period last year, the firm earned $1.61 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts forecast that MSA Safety will post 8.06 EPS for the current year.

MSA Safety Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.53 per share. This is a positive change from MSA Safety’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.12 annualized dividend and a dividend yield of 1.36%. MSA Safety’s payout ratio is 29.24%.

Insider Buying and Selling

In related news, CAO Jonathan D. Buck sold 717 shares of MSA Safety stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $159.00, for a total transaction of $114,003.00. Following the completion of the transaction, the chief accounting officer now owns 3,673 shares in the company, valued at approximately $584,007. This trade represents a 16.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. grew its stake in MSA Safety by 78.4% in the 4th quarter. UMB Bank n.a. now owns 182 shares of the industrial products company’s stock valued at $30,000 after buying an additional 80 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in MSA Safety by 120.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 225 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 123 shares during the period. JFS Wealth Advisors LLC raised its position in shares of MSA Safety by 97.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 251 shares of the industrial products company’s stock valued at $42,000 after buying an additional 124 shares in the last quarter. GAMMA Investing LLC increased its stake in MSA Safety by 39.4% during the 1st quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 76 shares during the period. Finally, First Horizon Advisors Inc. increased its position in shares of MSA Safety by 81.3% in the fourth quarter. First Horizon Advisors Inc. now owns 330 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 148 shares during the period. 92.51% of the stock is currently owned by institutional investors.

MSA Safety Company Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.