MSA Safety Incorporporated (MSA) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of MSA Safety Incorporporated (NYSE:MSA) from a hold rating to a buy rating in a research note published on Thursday. Zacks Investment Research currently has $88.00 price target on the industrial products company’s stock.

According to Zacks, “MSA Safety Inc. is engaged in the development, manufacture and supply of safety products that protect people and facility infrastructures. The company’s core product lines include self-contained breathing apparatus, fixed gas and flame detection systems, handheld gas detection instruments, industrial and fire service head protection products and fall protection devices. It serves a broad range of industries, including the oil, gas and petrochemical industry, the fire service, construction, mining and general industry. MSA Safety Inc., formerly known as Mine Safety Appliances Company, is headquartered in Cranberry Township, Pennsylvania. “

Several other brokerages have also weighed in on MSA. Robert W. Baird lifted their price objective on MSA Safety Incorporporated from $80.00 to $89.00 and gave the stock a neutral rating in a report on Sunday, October 22nd. Barrington Research reaffirmed a market perform rating on shares of MSA Safety Incorporporated in a report on Monday, October 23rd. BidaskClub lowered MSA Safety Incorporporated from a sell rating to a strong sell rating in a report on Tuesday, August 1st. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $91.00 target price on shares of MSA Safety Incorporporated in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. MSA Safety Incorporporated has an average rating of Hold and a consensus target price of $89.00.

Shares of MSA Safety Incorporporated (NYSE:MSA) traded down $0.36 on Thursday, reaching $78.16. The company had a trading volume of 75,400 shares, compared to its average volume of 183,915. MSA Safety Incorporporated has a 52 week low of $59.50 and a 52 week high of $85.80. The stock has a market cap of $2,972.58, a price-to-earnings ratio of 24.97 and a beta of 1.68. The company has a current ratio of 2.11, a quick ratio of 1.52 and a debt-to-equity ratio of 0.72.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.13. MSA Safety Incorporporated had a return on equity of 20.56% and a net margin of 7.32%. The company had revenue of $296.13 million during the quarter, compared to analyst estimates of $298.47 million. During the same quarter last year, the firm posted $0.72 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. sell-side analysts predict that MSA Safety Incorporporated will post 3.31 EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Tuesday, November 14th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Monday, November 13th. MSA Safety Incorporporated’s payout ratio is presently 64.52%.

In other MSA Safety Incorporporated news, VP Markus H. Weber sold 2,300 shares of MSA Safety Incorporporated stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $71.08, for a total transaction of $163,484.00. Following the completion of the transaction, the vice president now owns 13,801 shares of the company’s stock, valued at approximately $980,975.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kerry M. Bove sold 5,947 shares of MSA Safety Incorporporated stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $80.21, for a total value of $477,008.87. Following the transaction, the insider now directly owns 66,863 shares of the company’s stock, valued at approximately $5,363,081.23. The disclosure for this sale can be found here. Insiders have sold a total of 64,834 shares of company stock valued at $4,847,536 in the last ninety days. Insiders own 15.53% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of MSA Safety Incorporporated by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,596 shares of the industrial products company’s stock valued at $373,000 after acquiring an additional 18 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of MSA Safety Incorporporated by 0.7% during the 2nd quarter. Capstone Asset Management Co. now owns 2,863 shares of the industrial products company’s stock valued at $232,000 after acquiring an additional 20 shares during the last quarter. Jennison Associates LLC boosted its position in shares of MSA Safety Incorporporated by 0.3% during the 2nd quarter. Jennison Associates LLC now owns 8,538 shares of the industrial products company’s stock valued at $693,000 after acquiring an additional 26 shares during the last quarter. Royal Bank of Canada boosted its position in shares of MSA Safety Incorporporated by 3.3% during the 2nd quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 53 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of MSA Safety Incorporporated by 2.0% during the 2nd quarter. Bank of Montreal Can now owns 2,908 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 66.26% of the company’s stock.

MSA Safety Incorporporated Company Profile

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.

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