MSA Safety Incorporated (MSA) Director Sells $7,703,568.00 in Stock

MSA Safety Incorporated (NYSE:MSA) Director L Edward Shaw, Jr. sold 97,600 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $78.93, for a total value of $7,703,568.00. Following the sale, the director now directly owns 493,084 shares of the company’s stock, valued at $38,919,120.12. The transaction was disclosed in a document filed with the SEC, which is available through this link.

MSA Safety Incorporated (NYSE:MSA) traded up 0.32% on Friday, reaching $77.39. The company’s stock had a trading volume of 137,827 shares. MSA Safety Incorporated has a 12 month low of $47.73 and a 12 month high of $82.12. The stock’s 50 day moving average price is $73.99 and its 200 day moving average price is $69.19. The company has a market cap of $2.94 billion, a P/E ratio of 31.28 and a beta of 1.51.

MSA Safety (NYSE:MSA) last posted its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. The business had revenue of $265.77 million during the quarter, compared to the consensus estimate of $279.06 million. MSA Safety had a net margin of 7.37% and a return on equity of 19.79%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. Equities research analysts forecast that MSA Safety Incorporated will post $3.23 earnings per share for the current year.

Insider Buying and Selling by Quarter for MSA Safety (NYSE:MSA)

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Shareholders of record on Tuesday, May 23rd will be given a $0.35 dividend. This is a boost from MSA Safety’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, May 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.81%. MSA Safety’s payout ratio is presently 58.41%.

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Several research firms have recently commented on MSA. Zacks Investment Research raised MSA Safety from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Tuesday, May 2nd. Barrington Research raised their price target on MSA Safety from $78.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $81.00 price target (up from $72.00) on shares of MSA Safety in a research report on Monday, February 27th.

Several institutional investors have recently added to or reduced their stakes in MSA. BlackRock Inc. boosted its position in MSA Safety by 20,572.3% in the first quarter. BlackRock Inc. now owns 3,192,629 shares of the industrial products company’s stock worth $225,685,000 after buying an additional 3,177,185 shares during the last quarter. State Street Corp boosted its stake in shares of MSA Safety by 117.4% in the first quarter. State Street Corp now owns 2,098,154 shares of the industrial products company’s stock worth $148,317,000 after buying an additional 1,133,038 shares during the period. Vanguard Group Inc. boosted its stake in shares of MSA Safety by 8.8% in the first quarter. Vanguard Group Inc. now owns 3,060,446 shares of the industrial products company’s stock worth $216,344,000 after buying an additional 247,532 shares during the period. 1832 Asset Management L.P. acquired a new stake in shares of MSA Safety during the third quarter worth $13,563,000. Finally, Norges Bank acquired a new stake in shares of MSA Safety during the fourth quarter worth $14,834,000. Hedge funds and other institutional investors own 61.30% of the company’s stock.

About MSA Safety

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.

12 Month Chart for NYSE:MSA

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