MSA Safety Inc. (NYSE:MSA) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.66 and last traded at $57.31, with a volume of 21,442 shares. The stock had previously closed at $57.33.

Several brokerages have issued reports on MSA. TheStreet upgraded MSA Safety from a “hold” rating to a “buy” rating in a report on Monday, March 28th. Sidoti lowered MSA Safety from a “buy” rating to a “neutral” rating in a report on Tuesday, April 19th. Finally, Stifel Nicolaus upgraded 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 assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.25.

The company has a market cap of $2.15 billion and a P/E ratio of 29.83. The firm’s 50-day moving average price is $52.45 and its 200-day moving average price is $46.93.

MSA Safety (NYSE:MSA) last released its earnings results on Thursday, April 28th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The company earned $279.27 million during the quarter, compared to the consensus estimate of $274.16 million. The company’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $0.42 EPS. Equities research analysts forecast that MSA Safety Inc. will post $2.74 EPS for the current fiscal year.

In related news, Director L Edward Shaw, Jr. sold 1,281 shares of the business’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $48.07, for a total transaction of $61,577.67. Following the transaction, the director now owns 510,271 shares in the company, valued at approximately $24,528,726.97. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Diane M. Pearse sold 1,283 shares of the business’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $48.00, for a total value of $61,584.00. Following the transaction, the director now owns 20,120 shares in the company, valued at approximately $965,760. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have made changes to their positions in the company. Clifford Swan Investment Counsel LLC increased its position in shares of 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 in the last quarter. Principal Financial Group Inc. increased its position in shares of MSA Safety by 0.3% in the fourth quarter. Principal Financial Group Inc. now owns 314,307 shares of the company’s stock worth $13,663,000 after buying an additional 977 shares in the last quarter. Edge Asset Management Inc. increased its position in shares of MSA Safety by 3.0% in the fourth quarter. Edge Asset Management Inc. now owns 399,431 shares of the company’s stock worth $17,363,000 after buying an additional 11,683 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of MSA Safety by 1.7% in the fourth quarter. New York State Common Retirement Fund now owns 61,349 shares of the company’s stock worth $2,667,000 after buying an additional 999 shares in the last quarter. Finally, Comerica Bank increased its position in shares of MSA Safety by 14.8% in the fourth quarter. Comerica Bank now owns 84,986 shares of the company’s stock worth $3,455,000 after buying an additional 10,929 shares in 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.

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