MSA Safety Incorporporated (NYSE:MSA) Sets New 52-Week High – Here’s Why

MSA Safety Incorporporated (NYSE:MSAGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $195.13 and last traded at $195.02, with a volume of 164346 shares traded. The stock had previously closed at $193.13.

MSA Safety Incorporporated News Summary

Here are the key news stories impacting MSA Safety Incorporporated this week:

Analysts Set New Price Targets

MSA has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings raised shares of MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. assumed coverage on MSA Safety Incorporporated in a research report on Tuesday, February 3rd. They set a “neutral” rating and a $200.00 price objective for the company. Finally, B. Riley Financial restated a “buy” rating on shares of MSA Safety Incorporporated in a research note on Thursday. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, MSA Safety Incorporporated currently has an average rating of “Moderate Buy” and a consensus price target of $189.20.

Get Our Latest Research Report on MSA

MSA Safety Incorporporated Stock Up 3.6%

The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 0.48. The business’s fifty day moving average price is $173.28 and its two-hundred day moving average price is $169.73. The firm has a market cap of $7.98 billion, a P/E ratio of 28.79 and a beta of 0.98.

MSA Safety Incorporporated (NYSE:MSAGet Free Report) last released its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.12. MSA Safety Incorporporated had a return on equity of 25.06% and a net margin of 14.88%.The company had revenue of $510.91 million during the quarter, compared to the consensus estimate of $508.62 million. During the same quarter in the prior year, the company posted $2.25 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that MSA Safety Incorporporated will post 8.06 EPS for the current year.

MSA Safety Incorporporated Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 13th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, February 13th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is currently 29.90%.

Insider Activity at MSA Safety Incorporporated

In other news, CAO Jonathan D. Buck sold 333 shares of MSA Safety Incorporporated stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $161.00, for a total transaction of $53,613.00. Following the sale, the chief accounting officer owned 4,434 shares of the company’s stock, valued at approximately $713,874. This trade represents a 6.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of MSA Safety Incorporporated

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of MSA Safety Incorporporated by 39.8% in the 1st quarter. Royal Bank of Canada now owns 47,391 shares of the industrial products company’s stock worth $6,953,000 after purchasing an additional 13,501 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in MSA Safety Incorporporated in the 1st quarter worth approximately $501,000. Jane Street Group LLC increased its stake in shares of MSA Safety Incorporporated by 44.7% in the 1st quarter. Jane Street Group LLC now owns 4,401 shares of the industrial products company’s stock valued at $646,000 after buying an additional 1,359 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of MSA Safety Incorporporated by 38.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,415 shares of the industrial products company’s stock worth $572,000 after acquiring an additional 942 shares during the last quarter. Finally, CWM LLC boosted its holdings in MSA Safety Incorporporated by 96.1% in the second quarter. CWM LLC now owns 696 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 341 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

About MSA Safety Incorporporated

(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.

Featured Articles

Receive News & Ratings for MSA Safety Incorporporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSA Safety Incorporporated and related companies with MarketBeat.com's FREE daily email newsletter.