MSA Safety Inc. (MSA) Sets New 1-Year High at $58.62
MSA Safety Inc. (NYSE:MSA)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $58.62 and last traded at $57.64, with a volume of 27,929 shares traded. The stock had previously closed at $57.83.
A number of equities analysts have recently commented on MSA shares. Robert W. Baird downgraded MSA Safety from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $54.00 to $57.00 in a report on Friday, July 22nd. Stifel Nicolaus upgraded MSA Safety from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, June 14th. 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 has a consensus rating of “Buy” and an average price target of $55.50.
The stock has a market cap of $2.16 billion and a P/E ratio of 27.33. The company has a 50-day moving average price of $56.06 and a 200-day moving average price of $50.11.
MSA Safety (NYSE:MSA) last posted its quarterly earnings data 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. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. Analysts anticipate that MSA Safety Inc. will post $2.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Stockholders of record on Thursday, August 18th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Tuesday, August 16th.
In related news, insider Douglas K. Mcclaine sold 4,731 shares of MSA Safety stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $56.00, for a total value of $264,936.00. Following the transaction, the insider now directly owns 36,428 shares in the company, valued at approximately $2,039,968. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William M. Lambert sold 19,200 shares of MSA Safety stock in a transaction on 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 completion of the transaction, the insider now owns 162,806 shares in the company, valued at $8,959,214.18. The disclosure for this sale can be found here.
An institutional investor recently raised its position 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 13F filing 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 about 0.16% of MSA Safety worth $2,667,000 at the end of the most recent 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.