MSA Safety Inc. (MSA) Sees Unusually-High Trading Volume
Shares of MSA Safety Inc. (NYSE:MSA) saw an uptick in trading volume on Thursday . 221,461 shares changed hands during trading, an increase of 58% from the previous session’s volume of 140,067 shares.The stock last traded at $56.75 and had previously closed at $56.01.
A number of brokerages have recently weighed in on MSA. TheStreet raised shares of MSA Safety from a “hold” rating to a “buy” rating in a research report on Monday, March 28th. Sidoti cut shares of MSA Safety from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 19th. 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 research report on Tuesday, June 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $54.25.
The company’s 50 day moving average is $52.20 and its 200-day moving average is $46.83. The company has a market cap of $2.13 billion and a price-to-earnings ratio of 29.43.
MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The company had revenue of $279.27 million for the quarter, compared to analysts’ expectations of $274.16 million. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. Equities analysts predict that MSA Safety Inc. will post $2.74 earnings per share for the current fiscal year.
In related news, Director L Edward Shaw, Jr. sold 1,281 shares of the firm’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $48.07, for a total transaction of $61,577.67. Following the completion of 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Diane M. Pearse sold 1,283 shares of the firm’s stock in a transaction dated Friday, May 6th. The stock was 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 of the company’s stock, valued at approximately $965,760. The disclosure for this sale can be found here.
A number of hedge funds recently bought and sold shares of MSA. TD Asset Management Inc. increased 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 period. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in MSA Safety during the fourth quarter worth about $1,188,000. First Trust Advisors LP increased 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 period. Retirement Systems of Alabama increased 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 period. Finally, Clifford Swan Investment Counsel LLC increased its stake in MSA Safety by 50.6% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 52,610 shares of the company’s stock worth $2,287,000 after buying an additional 17,684 shares during the period.
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.
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