MSA Safety Incorporporated (NYSE:MSA) Price Target Cut to $195.00 by Analysts at Robert W. Baird

MSA Safety Incorporporated (NYSE:MSA) had its target price lowered by Robert W. Baird from $205.00 to $195.00 in a report issued on Monday,Benzinga reports. Robert W. Baird currently has a neutral rating on the industrial products company’s stock.

A number of other equities research analysts also recently weighed in on MSA. B. Riley Financial reissued a “buy” rating on shares of MSA Safety Incorporporated in a report on Thursday, February 12th. Weiss Ratings raised 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 report on Saturday, February 7th. National Bank Financial set a $235.00 target price on shares of MSA Safety Incorporporated in a research note on Wednesday, February 18th. Finally, DA Davidson raised their target price on shares of MSA Safety Incorporporated from $186.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, MSA Safety Incorporporated presently has an average rating of “Moderate Buy” and a consensus target price of $207.00.

MSA Safety Incorporporated Stock Down 2.7%

Shares of MSA stock opened at $160.86 on Monday. MSA Safety Incorporporated has a 1 year low of $127.86 and a 1 year high of $208.92. 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 business’s fifty day moving average is $185.57 and its 200-day moving average is $172.48. The stock has a market cap of $6.24 billion, a PE ratio of 22.72 and a beta of 0.96.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings data 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 business had revenue of $510.91 million during the quarter, compared to analyst estimates of $508.62 million. MSA Safety Incorporporated had a return on equity of 24.48% and a net margin of 14.88%.The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 earnings per share. Equities analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 13th were given a $0.53 dividend. The ex-dividend date was Friday, February 13th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.3%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is 29.94%.

MSA Safety Incorporporated declared that its Board of Directors has authorized a share buyback program on Thursday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Insider Transactions at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, CAO Jonathan D. Buck sold 1,100 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was 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. The trade was a 25.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its position in shares of MSA Safety Incorporporated by 1.6% in the 4th quarter. Sanctuary Advisors LLC now owns 3,958 shares of the industrial products company’s stock valued at $634,000 after acquiring an additional 64 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in MSA Safety Incorporporated by 4.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,728 shares of the industrial products company’s stock worth $297,000 after purchasing an additional 73 shares during the period. GAMMA Investing LLC grew its position in MSA Safety Incorporporated by 19.8% during the 3rd quarter. GAMMA Investing LLC now owns 477 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 79 shares in the last quarter. Clearstead Advisors LLC grew its position in MSA Safety Incorporporated by 2.8% during the 4th quarter. Clearstead Advisors LLC now owns 3,033 shares of the industrial products company’s stock worth $486,000 after purchasing an additional 82 shares in the last quarter. Finally, Allworth Financial LP raised its stake in MSA Safety Incorporporated by 28.2% during the 3rd quarter. Allworth Financial LP now owns 382 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 84 shares during the period. 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.