MSA Safety Incorporated (NYSE:MSA) Chairman William M. Lambert sold 29,798 shares of MSA Safety stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $79.91, for a total value of $2,381,158.18. Following the transaction, the chairman now directly owns 164,468 shares in the company, valued at approximately $13,142,637.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
MSA Safety Incorporated (MSA) traded up $0.30 on Thursday, reaching $82.20. The company had a trading volume of 195,363 shares, compared to its average volume of 208,953. MSA Safety Incorporated has a 12-month low of $65.37 and a 12-month high of $86.36. The company has a current ratio of 2.11, a quick ratio of 1.52 and a debt-to-equity ratio of 0.72. The firm has a market cap of $3,112.54, a price-to-earnings ratio of 26.15 and a beta of 1.69.
MSA Safety (NYSE:MSA) last posted its earnings results on Thursday, October 19th. The industrial products company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.13. MSA Safety had a return on equity of 20.56% and a net margin of 7.32%. The firm had revenue of $296.13 million during the quarter, compared to analyst estimates of $298.47 million. During the same period in the previous year, the company earned $0.72 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. research analysts expect that MSA Safety Incorporated will post 3.31 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.70%. MSA Safety’s dividend payout ratio (DPR) is presently 64.52%.
Several equities analysts have weighed in on MSA shares. Zacks Investment Research raised MSA Safety from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Thursday, October 26th. Barrington Research reiterated a “market perform” rating on shares of MSA Safety in a report on Monday, October 23rd. Robert W. Baird lifted their price target on MSA Safety from $80.00 to $89.00 and gave the company a “neutral” rating in a report on Sunday, October 22nd. Finally, BidaskClub upgraded MSA Safety from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $89.00.
Hedge funds have recently modified their holdings of the company. Riverhead Capital Management LLC lifted its holdings in shares of MSA Safety by 58.1% during the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the industrial products company’s stock worth $103,000 after buying an additional 465 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of MSA Safety by 18.3% during the second quarter. Citigroup Inc. now owns 1,401 shares of the industrial products company’s stock worth $114,000 after buying an additional 217 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of MSA Safety by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the industrial products company’s stock worth $127,000 after buying an additional 124 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of MSA Safety by 3.3% during the second quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock worth $133,000 after buying an additional 53 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of MSA Safety by 126.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,817 shares of the industrial products company’s stock valued at $144,000 after purchasing an additional 1,015 shares during the period. Institutional investors own 67.56% of the company’s stock.
About MSA Safety
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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