MSA Safety Incorporporated (NYSE:MSA) Price Target Raised to $235.00 at DA Davidson

MSA Safety Incorporporated (NYSE:MSA) had its price target upped by DA Davidson from $186.00 to $235.00 in a research report report published on Wednesday, Marketbeat.com reports. They currently have a buy rating on the industrial products company’s stock.

MSA has been the subject of several other research reports. JPMorgan Chase & Co. assumed coverage on MSA Safety Incorporporated in a report on Tuesday, February 3rd. They issued a “neutral” rating and a $200.00 price target for the company. Weiss Ratings upgraded shares of MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Wall Street Zen downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. National Bank Financial set a $235.00 price target on shares of MSA Safety Incorporporated in a report on Wednesday. Finally, B. Riley Financial reissued a “buy” rating on shares of MSA Safety Incorporporated in a report on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $202.17.

MSA Safety Incorporporated Stock Down 1.1%

NYSE:MSA opened at $200.01 on Wednesday. MSA Safety Incorporporated has a fifty-two week low of $127.86 and a fifty-two week high of $208.92. The stock has a market capitalization of $7.76 billion, a P/E ratio of 28.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.82 and a current ratio of 3.01. The company’s 50-day simple moving average is $176.63 and its 200-day simple moving average is $170.34.

MSA Safety Incorporporated (NYSE:MSA) last announced its earnings results on Wednesday, February 11th. The industrial products company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.12. The company had revenue of $510.91 million during the quarter, compared to the consensus estimate of $508.62 million. MSA Safety Incorporporated had a net margin of 14.88% and a return on equity of 24.48%. MSA Safety Incorporporated’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $2.25 earnings per share. On average, equities analysts anticipate that MSA Safety Incorporporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Incorporporated Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 13th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, February 13th. MSA Safety Incorporporated’s dividend payout ratio is currently 29.94%.

Insider Activity at MSA Safety Incorporporated

In related news, CAO Jonathan D. Buck sold 1,100 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $203.48, for a total transaction of $223,828.00. Following the sale, the chief accounting officer owned 3,234 shares in the company, valued at approximately $658,054.32. This trade represents a 25.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by insiders.

Institutional Investors Weigh In On MSA Safety Incorporporated

Several hedge funds have recently modified their holdings of the company. Brown Brothers Harriman & Co. grew its holdings in MSA Safety Incorporporated by 700.0% in the third quarter. Brown Brothers Harriman & Co. now owns 144 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 126 shares during the period. eCIO Inc. purchased a new position in shares of MSA Safety Incorporporated during the 4th quarter valued at approximately $27,000. First Horizon Corp purchased a new position in shares of MSA Safety Incorporporated during the 3rd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC grew its stake in MSA Safety Incorporporated by 94.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 96 shares during the period. Finally, Penserra Capital Management LLC acquired a new position in MSA Safety Incorporporated during the second quarter worth $33,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.