MSA Safety Incorporporated (NYSE:MSA) had its target price lifted by stock analysts at Robert W. Baird from $80.00 to $89.00 in a report released on Sunday. The firm presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price objective points to a potential upside of 10.27% from the company’s previous close.

Several other brokerages have also commented on MSA. Zacks Investment Research lowered shares of MSA Safety Incorporporated from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub lowered shares of MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $91.00 price objective on shares of MSA Safety Incorporporated in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $89.33.

Shares of MSA Safety Incorporporated (NYSE:MSA) traded down 2.28% on Friday, hitting $80.71. The stock had a trading volume of 295,442 shares. The firm has a 50 day moving average of $76.46 and a 200-day moving average of $76.52. MSA Safety Incorporporated has a 1-year low of $55.00 and a 1-year high of $85.80. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 40.66 and a beta of 1.64.

MSA Safety Incorporporated (NYSE:MSA) last posted its earnings results on Thursday, October 19th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.13. The company had revenue of $296.13 million for the quarter, compared to analysts’ expectations of $298.47 million. MSA Safety Incorporporated had a return on equity of 20.92% and a net margin of 7.32%. MSA Safety Incorporporated’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. Equities analysts predict that MSA Safety Incorporporated will post $3.20 earnings per share for the current year.

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In other news, Director John T. Ryan III sold 32,100 shares of MSA Safety Incorporporated stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $71.43, for a total transaction of $2,292,903.00. Following the completion of the transaction, the director now directly owns 1,025,013 shares in the company, valued at $73,216,678.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Markus H. Weber sold 2,300 shares of MSA Safety Incorporporated stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $71.08, for a total transaction of $163,484.00. Following the transaction, the vice president now owns 13,801 shares of the company’s stock, valued at $980,975.08. The disclosure for this sale can be found here. Insiders sold 40,211 shares of company stock valued at $2,879,428 over the last 90 days. 15.53% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in MSA. Riverhead Capital Management LLC lifted its holdings in shares of MSA Safety Incorporporated by 58.1% during the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 465 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of MSA Safety Incorporporated by 18.3% during the second quarter. Citigroup Inc. now owns 1,401 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 217 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of MSA Safety Incorporporated by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 124 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of MSA Safety Incorporporated by 3.3% during the second quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 53 shares during the last quarter. Finally, Pacad Investment Ltd. lifted its holdings in shares of MSA Safety Incorporporated by 27.8% during the second quarter. Pacad Investment Ltd. now owns 2,300 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 66.53% of the company’s stock.

MSA Safety Incorporporated Company Profile

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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