MSA Safety Incorporporated (NYSE:MSA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $88.00 price target on the industrial products company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 12.59% from the company’s current price.

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. “

A number of other brokerages have also recently issued reports on MSA. Robert W. Baird lifted their price objective on shares of MSA Safety Incorporporated from $80.00 to $89.00 and gave the company a “neutral” rating in a research note on Sunday, October 22nd. Barrington Research reissued a “market perform” rating on shares of MSA Safety Incorporporated in a research note on Monday, October 23rd. BidaskClub cut shares of MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $91.00 price objective on shares of MSA Safety Incorporporated in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. MSA Safety Incorporporated currently 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, hitting $78.16. 75,400 shares of the stock traded hands, compared to its average volume of 213,866. The company has a market capitalization of $2,986.27, a PE ratio of 25.09 and a beta of 1.68. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 1.52. MSA Safety Incorporporated has a 12 month low of $59.50 and a 12 month high of $85.80.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. The business had revenue of $296.13 million for the quarter, compared to analysts’ expectations of $298.47 million. MSA Safety Incorporporated had a net margin of 7.32% and a return on equity of 20.56%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. sell-side analysts forecast that MSA Safety Incorporporated will post 3.31 EPS for the current year.

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In other MSA Safety Incorporporated news, CEO William M. Lambert sold 1,200 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $80.00, for a total transaction of $96,000.00. Following the sale, the chief executive officer now owns 164,737 shares of the company’s stock, valued at $13,178,960. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman William M. Lambert sold 7,258 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $79.55, for a total transaction of $577,373.90. Following the sale, the chairman now directly owns 164,737 shares in the company, valued at approximately $13,104,828.35. The disclosure for this sale can be found here. Insiders sold 64,834 shares of company stock worth $4,847,536 over the last three months. 15.53% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of MSA Safety Incorporporated by 2.4% during the second quarter. BlackRock Inc. now owns 3,269,220 shares of the industrial products company’s stock worth $265,362,000 after buying an additional 76,591 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of MSA Safety Incorporporated by 3.9% during the second quarter. Vanguard Group Inc. now owns 3,179,874 shares of the industrial products company’s stock worth $258,111,000 after buying an additional 119,428 shares during the last quarter. State Street Corp grew its stake in shares of MSA Safety Incorporporated by 39.7% during the second quarter. State Street Corp now owns 2,931,757 shares of the industrial products company’s stock worth $237,966,000 after buying an additional 833,603 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of MSA Safety Incorporporated by 8.9% during the third quarter. Bank of New York Mellon Corp now owns 1,402,315 shares of the industrial products company’s stock worth $111,498,000 after buying an additional 114,540 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of MSA Safety Incorporporated by 7.5% during the third quarter. Principal Financial Group Inc. now owns 914,562 shares of the industrial products company’s stock worth $72,717,000 after buying an additional 63,465 shares during the last quarter. 66.26% of the stock is currently owned by hedge funds and other institutional investors.

About MSA Safety Incorporporated

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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