MSA Safety Inc. (MSA) Reaches New 52-Week High at $55.74
MSA Safety Inc. (NYSE:MSA)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $55.74 and last traded at $55.74, with a volume of 56,323 shares trading hands. The stock had previously closed at $54.08.
MSA has been the topic of a number of research analyst reports. Sidoti downgraded MSA Safety from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 19th. TheStreet upgraded MSA Safety from a “hold” rating to a “buy” rating in a research note on Monday, March 28th. Finally, Stifel Nicolaus raised shares of MSA Safety from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Tuesday, June 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $54.25.
The company has a 50 day moving average price of $51.51 and a 200-day moving average price of $46.63. The company has a market cap of $2.08 billion and a P/E ratio of 28.78.
MSA Safety (NYSE:MSA) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. The company earned $279.27 million during the quarter, compared to the consensus estimate of $274.16 million. MSA Safety’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. Equities analysts expect that MSA Safety Inc. will post $2.74 earnings per share for the current fiscal year.
In other news, Director L Edward Shaw, Jr. sold 1,281 shares of the stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $48.07, for a total transaction of $61,577.67. Following the sale, the director now owns 510,271 shares in the company, valued at $24,528,726.97. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Diane M. Pearse sold 1,283 shares of the stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $48.00, for a total transaction of $61,584.00. Following the sale, the director now owns 20,120 shares in the company, valued at approximately $965,760. The disclosure for this sale can be found here.
Several large investors have recently bought and sold shares of MSA. TD Asset Management Inc. boosted its stake in MSA Safety by 11.5% in the fourth quarter. TD Asset Management Inc. now owns 23,287 shares of the company’s stock worth $1,012,000 after buying an additional 2,400 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in MSA Safety during the fourth quarter worth approximately $1,188,000. First Trust Advisors LP boosted its stake in MSA Safety by 9.2% in the fourth quarter. First Trust Advisors LP now owns 28,869 shares of the company’s stock worth $1,255,000 after buying an additional 2,438 shares during the last quarter. Usca Ria LLC purchased a new stake in MSA Safety during the fourth quarter worth approximately $1,388,000. Finally, Retirement Systems of Alabama boosted its stake in MSA Safety by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 40,787 shares of the company’s stock worth $1,773,000 after buying an additional 525 shares during the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.