Jonathan Buck Sells 469 Shares of MSA Safety Incorporporated (NYSE:MSA) Stock

MSA Safety Incorporporated (NYSE:MSA) CAO Jonathan Buck sold 469 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $191.00, for a total value of $89,579.00. Following the sale, the chief accounting officer owned 3,776 shares of the company’s stock, valued at approximately $721,216. The trade was a 11.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MSA Safety Incorporporated Trading Up 0.6%

NYSE MSA opened at $193.92 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.24 and a quick ratio of 2.02. The firm’s fifty day moving average price is $170.16 and its 200 day moving average price is $175.52. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 24.12 and a beta of 0.94. MSA Safety Incorporporated has a 12 month low of $151.10 and a 12 month high of $208.92.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.14 by $0.26. MSA Safety Incorporporated had a net margin of 16.13% and a return on equity of 25.13%. The firm had revenue of $503.33 million for the quarter, compared to analyst estimates of $496.27 million. During the same period last year, the business earned $1.93 EPS. MSA Safety Incorporporated’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, sell-side analysts expect that MSA Safety Incorporporated will post 9.23 earnings per share for the current fiscal year.

MSA Safety Incorporporated Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, August 14th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.1%. MSA Safety Incorporporated’s payout ratio is 26.87%.

Analysts Set New Price Targets

A number of analysts recently issued reports on MSA shares. JPMorgan Chase & Co. upped their target price on MSA Safety Incorporporated from $210.00 to $220.00 and gave the company a “neutral” rating in a research report on Monday. DA Davidson set a $223.00 price target on MSA Safety Incorporporated in a research report on Tuesday. B. Riley Financial cut MSA Safety Incorporporated from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $210.00 to $195.00 in a research note on Monday. Robert W. Baird increased their price objective on MSA Safety Incorporporated from $197.00 to $215.00 and gave the company a “neutral” rating in a report on Monday. Finally, Weiss Ratings upgraded shares of MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $211.33.

Institutional Investors Weigh In On MSA Safety Incorporporated

Hedge funds have recently made changes to their positions in the business. Brown Brothers Harriman & Co. increased its position in 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 period. Root Financial Partners LLC lifted its position in MSA Safety Incorporporated by 109.3% during the 1st quarter. Root Financial Partners LLC now owns 157 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 82 shares during the period. Allied Private Wealth LLC purchased a new position in shares of MSA Safety Incorporporated in the 2nd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC grew its stake in shares of MSA Safety Incorporporated by 94.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 96 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of MSA Safety Incorporporated in the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

About MSA Safety Incorporporated

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.