MSA Safety Incorporated (NYSE:MSA - Get Free Report) CEO Nishan J. Vartanian sold 11,000 shares of the business's stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $185.29, for a total value of $2,038,190.00. Following the completion of the sale, the chief executive officer now owns 56,800 shares in the company, valued at $10,524,472. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
MSA Safety Stock Down 0.8 %
Shares of NYSE MSA opened at $183.93 on Friday. MSA Safety Incorporated has a 1 year low of $126.75 and a 1 year high of $196.02. The firm has a 50-day simple moving average of $187.56 and a two-hundred day simple moving average of $173.73. The company has a market cap of $7.24 billion, a P/E ratio of 27.25 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.51 and a quick ratio of 1.48.
MSA Safety (NYSE:MSA - Get Free Report) last issued its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.14. The firm had revenue of $413.00 million during the quarter, compared to analyst estimates of $428.38 million. MSA Safety had a return on equity of 31.51% and a net margin of 14.81%. MSA Safety's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $1.36 EPS. Research analysts anticipate that MSA Safety Incorporated will post 7.75 earnings per share for the current year.
MSA Safety Increases Dividend
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The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.51 per share. This is a positive change from MSA Safety's previous quarterly dividend of $0.47. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Tuesday, May 14th. MSA Safety's payout ratio is currently 27.85%.
Wall Street Analyst Weigh In
Separately, StockNews.com raised MSA Safety from a "hold" rating to a "buy" rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $189.50.
Read Our Latest Research Report on MSA Safety
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. purchased a new stake in shares of MSA Safety in the fourth quarter valued at approximately $25,000. Exchange Traded Concepts LLC purchased a new stake in MSA Safety during the fourth quarter worth $26,000. Quadrant Capital Group LLC lifted its holdings in MSA Safety by 51.2% during the fourth quarter. Quadrant Capital Group LLC now owns 183 shares of the industrial products company's stock worth $31,000 after buying an additional 62 shares during the period. Global Retirement Partners LLC bought a new stake in MSA Safety during the 4th quarter valued at $46,000. Finally, Fifth Third Bancorp increased its holdings in shares of MSA Safety by 28.2% in the 4th quarter. Fifth Third Bancorp now owns 336 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 74 shares during the period. Hedge funds and other institutional investors own 92.51% of the company's stock.
MSA Safety Company Profile
(
Get Free Report)
MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.
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