MSA Safety Inc. (MSA) Sets New 12-Month High at $55.74
MSA Safety Inc. (NYSE:MSA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $55.74 and last traded at $55.74, with a volume of 56,323 shares traded. The stock had previously closed at $54.08.
A number of brokerages recently issued reports on MSA. TheStreet upgraded MSA Safety from a “hold” rating to a “buy” rating in a research report on Monday, March 28th. 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 research report on Tuesday, June 14th. Finally, Sidoti downgraded MSA Safety from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 19th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $54.25.
The company has a market cap of $2.10 billion and a PE ratio of 29.05. The stock’s 50-day moving average price is $51.97 and its 200 day moving average price is $46.76.
MSA Safety (NYSE:MSA) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. The business had revenue of $279.27 million for the quarter, compared to the consensus estimate of $274.16 million. MSA Safety’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share. Equities analysts anticipate that MSA Safety Inc. will post $2.74 EPS for the current fiscal year.
In other news, Director L Edward Shaw, Jr. sold 1,281 shares of the stock in a transaction that occurred 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 in the company, valued at $24,528,726.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Diane M. Pearse sold 1,283 shares of the stock in a transaction that occurred 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 owns 20,120 shares in the company, valued at $965,760. The disclosure for this sale can be found here.
Several institutional investors have added to or reduced their stakes in MSA. 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 worth $17,363,000 after buying an additional 11,683 shares in the last quarter. Principal Financial Group Inc. boosted its stake in 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 during the last quarter. Comerica Bank boosted its stake in 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 during the last quarter. Nationwide Fund Advisors boosted its stake in MSA Safety by 1.0% in the fourth quarter. Nationwide Fund Advisors now owns 70,035 shares of the company’s stock worth $3,044,000 after buying an additional 670 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in MSA Safety by 1.2% in the fourth quarter. Rhumbline Advisers now owns 65,368 shares of the company’s stock worth $2,842,000 after buying an additional 755 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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