MSA Safety Inc. (MSA) Shares Gap Up to $56.90
Shares of MSA Safety Inc. (NYSE:MSA) gapped up before the market opened on Tuesday . The stock had previously closed at $56.66, but opened at $56.90. MSA Safety shares last traded at $57.43, with a volume of 41,180 shares trading hands.
MSA has been the topic of a number of recent analyst reports. 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. Robert W. Baird cut shares of MSA Safety from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $54.00 to $57.00 in a research note on Friday, July 22nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $55.50.
The stock has a market cap of $2.16 billion and a P/E ratio of 27.31. The company has a 50 day moving average price of $55.73 and a 200-day moving average price of $49.93.
MSA Safety (NYSE:MSA) last announced its earnings results on Wednesday, July 20th. The company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.06. The firm earned $296 million during the quarter, compared to the consensus estimate of $301.02 million. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts forecast that MSA Safety Inc. will post $2.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, September 10th. Shareholders of record on Thursday, August 18th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, August 16th. This represents a $1.32 dividend on an annualized basis and a yield of 2.30%.
In other news, insider Douglas K. Mcclaine sold 4,731 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $56.00, for a total transaction of $264,936.00. Following the sale, the insider now owns 36,428 shares in the company, valued at $2,039,968. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William M. Lambert sold 19,200 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $55.03, for a total value of $1,056,576.00. Following the sale, the insider now owns 162,806 shares in the company, valued at approximately $8,959,214.18. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in MSA Safety stock. New York State Common Retirement Fund raised its position in MSA Safety Inc. (NYSE:MSA) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,349 shares of the company’s stock after buying an additional 999 shares during the period. New York State Common Retirement Fund owned about 0.16% of MSA Safety worth $2,667,000 as of its most recent SEC filing.
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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