Shares of MSA Safety Inc. (NYSE:MSA) traded down 1.8% on Friday . The company 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.

A number of analysts have recently weighed in on the stock. Robert W. Baird downgraded shares of MSA Safety from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $54.00 to $57.00 in a report on Friday. Stifel Nicolaus upgraded shares of MSA Safety from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Tuesday, June 14th. Sidoti downgraded shares of MSA Safety from a “buy” rating to a “neutral” rating in a report on Tuesday, April 19th. Finally, TheStreet upgraded shares of MSA Safety from a “hold” rating to a “buy” rating in a report on Monday, March 28th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. MSA Safety presently has a consensus rating of “Hold” and a consensus price target of $54.80.

The company’s 50-day moving average is $53.34 and its 200 day moving average is $47.39. The stock has a market cap of $2.10 billion and a P/E ratio of 27.13.

MSA Safety (NYSE:MSA) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.06. During the same quarter in the prior year, the business posted $0.67 EPS. The firm had revenue of $296 million for the quarter, compared to analyst estimates of $301.02 million. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts predict that MSA Safety Inc. will post $2.76 earnings per share for the current fiscal year.

In other MSA Safety news, Director L Edward Shaw, Jr. sold 1,281 shares of the stock in a transaction 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 transaction, the director now directly owns 510,271 shares of the company’s stock, valued at $24,528,726.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Diane M. Pearse sold 1,283 shares of the stock in a transaction 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 transaction, the director now directly owns 20,120 shares in the company, valued at $965,760. The disclosure for this sale can be found here.

A number of institutional investors recently bought and sold shares of MSA. Clifford Swan Investment Counsel LLC increased 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. Edge Asset Management Inc. increased 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. Comerica Bank increased 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. First Trust Advisors LP increased its position in MSA Safety by 9.2% in the fourth quarter. First Trust Advisors LP now owns 28,869 shares of the company’s stock valued at $1,255,000 after buying an additional 2,438 shares during the last quarter. Finally, TD Asset Management Inc. increased its position in MSA Safety by 11.5% in the fourth quarter. TD Asset Management Inc. now owns 23,287 shares of the company’s stock valued at $1,012,000 after buying an additional 2,400 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.

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