Mine Safety Appliances VP Sells $233,503 in Stock (MSA)
Mine Safety Appliances (NYSE:MSA) VP Joseph A. Bigler sold 4,224 shares of Mine Safety Appliances stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $55.28, for a total value of $233,502.72. Following the completion of the sale, the vice president now directly owns 38,402 shares in the company, valued at approximately $2,122,863. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of Mine Safety Appliances from an “underperform” rating to a “neutral” rating in a research note on Monday, July 28th. They now have a $56.50 price target on the stock.
Shares of Mine Safety Appliances (NYSE:MSA) traded down 0.53% during mid-day trading on Thursday, hitting $54.73. 51,794 shares of the company’s stock traded hands. Mine Safety Appliances has a 52 week low of $46.50 and a 52 week high of $61.08. The stock has a 50-day moving average of $56.67 and a 200-day moving average of $54.46. The company has a market cap of $2.047 billion and a price-to-earnings ratio of 25.60.
Mine Safety Appliances (NYSE:MSA) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.62 by $0.02. Analysts expect that Mine Safety Appliances will post $2.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Tuesday, August 19th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, August 15th.
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety.
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