Key Points
- Insider sale: MSA Safety CAO Jonathan Buck sold 469 shares for $89,579, reducing his ownership by 11.05% to 3,776 shares.
- Strong quarterly results: The company reported $2.40 in quarterly EPS, beating estimates by $0.26, while revenue rose 6.2% year over year to $503.33 million.
- Mixed outlook: MSA declared a $0.54 quarterly dividend, but analysts maintain a consensus “Hold” rating despite a $211.33 average price target; institutional investors own 92.51% of the stock.
MSA Safety Incorporporated (NYSE:MSA - Get Free Report) CAO Jonathan Buck sold 469 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $191.00, for a total value of $89,579.00. Following the completion of the sale, the chief accounting officer owned 3,776 shares of the company's stock, valued at $721,216. This trade represents a 11.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
MSA Safety Incorporporated Trading Down 0.1%
NYSE:MSA opened at $193.11 on Thursday. MSA Safety Incorporporated has a fifty-two week low of $151.10 and a fifty-two week high of $208.92. 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 stock has a market capitalization of $7.45 billion, a PE ratio of 24.02 and a beta of 0.94. The business's 50-day simple moving average is $169.69 and its 200-day simple moving average is $175.45.
MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.14 by $0.26. The business had revenue of $503.33 million during the quarter, compared to analysts' expectations of $496.27 million. MSA Safety Incorporporated had a return on equity of 25.13% and a net margin of 16.13%.MSA Safety Incorporporated's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.93 EPS. Sell-side analysts expect that MSA Safety Incorporporated will post 9.23 earnings per share for the current fiscal year.
MSA Safety Incorporporated Dividend Announcement
The business also recently disclosed 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 of this dividend is Friday, August 14th. This represents a $2.16 annualized dividend and a dividend yield of 1.1%. MSA Safety Incorporporated's dividend payout ratio is currently 26.87%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on MSA. B. Riley Financial lowered shares of MSA Safety Incorporporated from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $210.00 to $195.00 in a research note on Monday. Wall Street Zen cut MSA Safety Incorporporated from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 25th. Robert W. Baird lifted their target price on MSA Safety Incorporporated from $197.00 to $215.00 and gave the company a "neutral" rating in a research report on Monday. JPMorgan Chase & Co. boosted their target price on MSA Safety Incorporporated from $210.00 to $220.00 and gave the company a "neutral" rating in a research note on Monday. Finally, DA Davidson set a $223.00 price objective on shares of MSA Safety Incorporporated in a report on Tuesday. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $211.33.
Read Our Latest Report on MSA Safety Incorporporated
Institutional Trading of MSA Safety Incorporporated
Several institutional investors and hedge funds have recently bought and sold shares of MSA. Ruane Cunniff & Goldfarb L.P. bought a new stake in MSA Safety Incorporporated during the second quarter worth $158,997,000. Madison Asset Management LLC bought a new position in shares of MSA Safety Incorporporated in the 4th quarter valued at about $90,999,000. Norges Bank bought a new position in shares of MSA Safety Incorporporated in the 4th quarter valued at about $66,878,000. Natixis Advisors LLC increased its stake in shares of MSA Safety Incorporporated by 1,447.3% during the 4th quarter. Natixis Advisors LLC now owns 363,177 shares of the industrial products company's stock worth $58,159,000 after purchasing an additional 339,705 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of MSA Safety Incorporporated by 233.9% during the 4th quarter. Franklin Resources Inc. now owns 452,505 shares of the industrial products company's stock worth $72,464,000 after purchasing an additional 316,975 shares during the last quarter. Institutional investors own 92.51% of the company's stock.
MSA Safety Incorporporated Company Profile
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Get Free Report)
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.
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