MSA Safety (NYSE:MSA) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Shares of NYSE MSA traded down $3.59 during midday trading on Friday, hitting $99.36. The stock had a trading volume of 177,900 shares, compared to its average volume of 175,487. The firm has a market capitalization of $3.94 billion, a P/E ratio of 25.67 and a beta of 1.29. MSA Safety has a 1-year low of $71.47 and a 1-year high of $110.83. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.19 and a quick ratio of 1.59.

MSA Safety (NYSE:MSA) last released its quarterly earnings data on Wednesday, October 24th. The industrial products company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. The business had revenue of $331.10 million for the quarter, compared to analyst estimates of $325.53 million. MSA Safety had a return on equity of 28.12% and a net margin of 4.94%. On average, equities research analysts expect that MSA Safety will post 4.52 EPS for the current fiscal year.

In other news, CFO Kenneth D. Krause sold 1,572 shares of MSA Safety stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $107.00, for a total value of $168,204.00. Following the transaction, the chief financial officer now directly owns 18,721 shares of the company’s stock, valued at approximately $2,003,147. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Steven C. Sr. Blanco sold 3,086 shares of MSA Safety stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $108.78, for a total value of $335,695.08. The disclosure for this sale can be found here. Insiders sold a total of 35,226 shares of company stock worth $3,755,082 over the last ninety days. Corporate insiders own 9.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of MSA Safety in the 3rd quarter valued at about $115,000. Parametrica Management Ltd purchased a new stake in shares of MSA Safety during the 3rd quarter valued at about $202,000. Tower Research Capital LLC TRC raised its holdings in shares of MSA Safety by 672.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,939 shares of the industrial products company’s stock valued at $206,000 after buying an additional 1,688 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of MSA Safety during the 2nd quarter valued at about $226,000. Finally, Cypress Wealth Services LLC purchased a new stake in shares of MSA Safety during the 2nd quarter valued at about $253,000. 72.13% of the stock is currently owned by institutional investors and hedge funds.

About MSA Safety

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.

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