MSA Safety Incorporporated (NYSE:MSA) Stock Gets Price Target Trim from DA Davidson

MSA Safety Incorporporated (NYSE:MSA) had its price target cut by DA Davidson from $223.00 to $216.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upped their target price on MSA Safety Incorporporated from $210.00 to $220.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings downgraded MSA Safety Incorporporated from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, November 4th. Robert W. Baird lifted their price target on shares of MSA Safety Incorporporated from $197.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. B. Riley Financial cut shares of MSA Safety Incorporporated from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $210.00 to $195.00 in a research note on Monday, August 3rd. Finally, Wall Street Zen cut shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $209.00.

MSA Safety Incorporporated Stock Performance

MSA opened at $176.49 on Monday. The company has a market cap of $6.80 billion, a PE ratio of 19.78 and a beta of 0.92. The stock has a 50-day moving average of $180.55 and a 200-day moving average of $177.93. MSA Safety Incorporporated has a 52-week low of $152.86 and a 52-week high of $208.92. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.66 and a current ratio of 2.65.

MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings data on Monday, November 2nd. The industrial products company reported $2.09 EPS for the quarter, meeting analysts’ consensus estimates of $2.09. MSA Safety Incorporporated had a return on equity of 24.86% and a net margin of 15.03%. The business had revenue of $536.43 million for the quarter, compared to analyst estimates of $528.39 million. During the same quarter in the prior year, the firm posted $1.77 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, equities research analysts forecast that MSA Safety Incorporporated will post 9.10 earnings per share for the current fiscal year.

MSA Safety Incorporporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be paid a $0.54 dividend. The ex-dividend date is Friday, November 13th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.2%. MSA Safety Incorporporated’s payout ratio is presently 27.76%.

Hedge Funds Weigh In On MSA Safety Incorporporated

Several large investors have recently made changes to their positions in MSA. Private Advisor Group LLC acquired a new position in shares of MSA Safety Incorporporated during the third quarter worth approximately $217,000. Ieq Capital LLC grew its stake in shares of MSA Safety Incorporporated by 457.6% in the third quarter. Ieq Capital LLC now owns 25,053 shares of the industrial products company’s stock worth $4,457,000 after acquiring an additional 20,560 shares during the last quarter. Focus Advisor Solutions LLC bought a new position in MSA Safety Incorporporated during the third quarter worth $589,000. Voya Investment Management LLC increased its position in MSA Safety Incorporporated by 9.5% during the third quarter. Voya Investment Management LLC now owns 22,839 shares of the industrial products company’s stock worth $4,063,000 after acquiring an additional 1,977 shares during the period. Finally, Global Retirement Partners LLC increased its position in MSA Safety Incorporporated by 247.4% during the third quarter. Global Retirement Partners LLC now owns 2,446 shares of the industrial products company’s stock worth $435,000 after acquiring an additional 1,742 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops and manufactures products that help protect workers and first responders. Its offerings include portable and fixed gas and flame detection systems, respiratory protection equipment, protective helmets and other head and eye protection, and fall protection systems. The company serves customers in industries such as oil and gas, construction, utilities, mining and manufacturing, as well as fire and emergency services. Its products and safety solutions are sold in markets around the world.