MSA Safety Inc. (NYSE:MSA)’s share price dropped 1.8% during trading on Friday . The stock traded as low as $54.71 and last traded at $56.00, with a volume of 93,904 shares. The stock had previously closed at $57.03.

MSA has been the topic of several recent research reports. Stifel Nicolaus raised 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. Sidoti lowered MSA Safety from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 19th. TheStreet raised MSA Safety from a “hold” rating to a “buy” rating in a research report on Monday, March 28th. Finally, Robert W. Baird lowered MSA Safety from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $54.00 to $57.00 in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $54.80.

The stock’s 50-day moving average price is $53.20 and its 200 day moving average price is $47.30. The firm has a market cap of $2.10 billion and a P/E ratio of 27.13.

MSA Safety (NYSE:MSA) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The business had revenue of $296 million for the quarter, compared to analyst estimates of $301.02 million. During the same period in the previous year, the firm posted $0.67 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts anticipate that MSA Safety Inc. will post $2.74 earnings per share for the current year.

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

Other hedge funds and institutional investors have bought and sold shares of the company. Clifford Swan Investment Counsel LLC raised its position 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 valued at $2,287,000 after buying an additional 17,684 shares during the last quarter. Principal Financial Group Inc. raised its position in MSA Safety by 0.3% in the fourth quarter. Principal Financial Group Inc. now owns 314,307 shares of the company’s stock valued at $13,663,000 after buying an additional 977 shares during the last quarter. Edge Asset Management Inc. raised its position in MSA Safety by 3.0% in the fourth quarter. Edge Asset Management Inc. now owns 399,431 shares of the company’s stock valued at $17,363,000 after buying an additional 11,683 shares during the last quarter. New York State Common Retirement Fund raised its position in 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 valued at $2,667,000 after buying an additional 999 shares during the last quarter. Finally, Comerica Bank raised its position in MSA Safety by 14.8% in the fourth quarter. Comerica Bank now owns 84,986 shares of the company’s stock valued at $3,455,000 after buying an additional 10,929 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.