MSA Safety Incorporporated (NYSE:MSA) Price Target Raised to $235.00

MSA Safety Incorporporated (NYSE:MSA) had its target price boosted by DA Davidson from $186.00 to $235.00 in a report released on Wednesday, Marketbeat Ratings reports. DA Davidson currently has a buy rating on the industrial products company’s stock.

A number of other brokerages have also issued reports on MSA. National Bank Financial set a $235.00 price target on shares of MSA Safety Incorporporated in a research note on Wednesday. Weiss Ratings upgraded shares of MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. B. Riley Financial reiterated a “buy” rating on shares of MSA Safety Incorporporated in a report on Thursday, February 12th. JPMorgan Chase & Co. started coverage on shares of MSA Safety Incorporporated in a research report on Tuesday, February 3rd. They issued a “neutral” rating and a $200.00 price target for the company. Finally, Wall Street Zen lowered MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $202.17.

MSA Safety Incorporporated Stock Down 0.5%

Shares of NYSE MSA opened at $197.02 on Wednesday. The company has a quick ratio of 1.82, a current ratio of 3.01 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $178.00 and its two-hundred day moving average is $170.67. MSA Safety Incorporporated has a 52-week low of $127.86 and a 52-week high of $208.92. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 27.83 and a beta of 0.98.

MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.26 by $0.12. The business had revenue of $510.91 million during the quarter, compared to analyst estimates of $508.62 million. MSA Safety Incorporporated had a return on equity of 24.48% and a net margin of 14.88%.The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $2.25 earnings per share. Research analysts predict that MSA Safety Incorporporated will post 8.06 EPS for the current year.

MSA Safety Incorporporated Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 13th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 13th. MSA Safety Incorporporated’s payout ratio is 29.94%.

Insider Activity at MSA Safety Incorporporated

In related news, CAO Jonathan D. Buck sold 1,100 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $203.48, for a total value of $223,828.00. Following the transaction, the chief accounting officer owned 3,234 shares of the company’s stock, valued at $658,054.32. This represents a 25.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Trading of MSA Safety Incorporporated

Institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. increased its holdings in shares of MSA Safety Incorporporated by 700.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 144 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 126 shares during the last quarter. eCIO Inc. purchased a new stake in MSA Safety Incorporporated during the fourth quarter worth approximately $27,000. First Horizon Corp acquired a new position in MSA Safety Incorporporated in the third quarter valued at approximately $30,000. Penserra Capital Management LLC purchased a new position in MSA Safety Incorporporated in the second quarter valued at approximately $33,000. Finally, EverSource Wealth Advisors LLC raised its holdings in MSA Safety Incorporporated by 94.1% during the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 96 shares in the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.