MSA Safety Inc. (MSA) Reaches New 12-Month High at $58.62
MSA Safety Inc. (NYSE:MSA) hit a new 52-week high during trading on Friday . The stock traded as high as $58.62 and last traded at $57.64, with a volume of 27,929 shares. The stock had previously closed at $57.83.
Several brokerages have commented on MSA. Robert W. Baird cut shares of 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, July 22nd. 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 research report on Tuesday, June 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $55.50.
The stock has a market cap of $2.15 billion and a P/E ratio of 27.26. The stock’s 50 day moving average price is $55.89 and its 200 day moving average price is $49.99.
MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.06. The firm had revenue of $296 million for the quarter, compared to analyst estimates of $301.02 million. During the same quarter last year, the company earned $0.67 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities analysts predict that MSA Safety Inc. will post $2.76 earnings per share for the current year.
The business also recently declared 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. This represents a $1.32 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Tuesday, August 16th.
In other MSA Safety news, insider William M. Lambert sold 19,200 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $55.03, for a total value of $1,056,576.00. Following the completion of the sale, the insider now directly owns 162,806 shares in the company, valued at $8,959,214.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas K. Mcclaine sold 4,731 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $56.00, for a total transaction of $264,936.00. Following the completion of the sale, the insider now owns 36,428 shares of the company’s stock, valued at $2,039,968. 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 increased its position in MSA Safety Inc. (NYSE:MSA) by 1.7% during the fourth quarter, according to its most recent disclosure with the 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 0.16% of MSA Safety worth $2,667,000 at the end of the most recent reporting period.
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.