Kerry M. Bove Sells 1,500 Shares of MSA Safety Incorporated (MSA) Stock
MSA Safety Incorporated (NYSE:MSA) insider Kerry M. Bove sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $82.50, for a total value of $123,750.00. Following the sale, the insider now directly owns 56,739 shares in the company, valued at $4,680,967.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of MSA Safety Incorporated (NYSE:MSA) traded up $0.06 during mid-day trading on Thursday, hitting $81.90. The stock had a trading volume of 76,300 shares, compared to its average volume of 209,037. MSA Safety Incorporated has a 1 year low of $63.61 and a 1 year high of $86.36. The company has a quick ratio of 1.52, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $3,112.54, a PE ratio of 26.15 and a beta of 1.69.
MSA Safety (NYSE:MSA) last issued 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 firm had revenue of $296.13 million for the quarter, compared to analysts’ expectations of $298.47 million. MSA Safety had a return on equity of 20.56% and a net margin of 7.32%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. research analysts forecast that MSA Safety Incorporated will post 3.31 EPS for the current fiscal year.
MSA has been the topic of a number of recent analyst reports. Robert W. Baird raised 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. BidaskClub raised MSA Safety from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Zacks Investment Research cut MSA Safety from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Finally, Barrington Research reissued a “market perform” rating on shares of MSA Safety in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $89.00.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC grew its position in MSA Safety by 58.1% in the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 465 shares in the last quarter. Citigroup Inc. grew its position in MSA Safety by 18.3% in the second quarter. Citigroup Inc. now owns 1,401 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 217 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in MSA Safety by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 124 shares in the last quarter. Royal Bank of Canada grew its position in MSA Safety by 3.3% in the second quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 53 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in MSA Safety by 126.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,817 shares of the industrial products company’s stock worth $144,000 after acquiring an additional 1,015 shares in the last quarter. 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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