MSA Safety Incorporated (NYSE:MSA) insider Kerry M. Bove sold 4,276 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $85.24, for a total value of $364,486.24. Following the sale, the insider now directly owns 58,881 shares of the company’s stock, valued at approximately $5,019,016.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
MSA Safety Incorporated (MSA) traded down $3.62 during trading hours on Monday, reaching $83.22. The company’s stock had a trading volume of 297,565 shares, compared to its average volume of 187,633. MSA Safety Incorporated has a twelve month low of $65.95 and a twelve month high of $87.31. The company has a quick ratio of 1.62, a current ratio of 2.15 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $3,319.59, a price-to-earnings ratio of 133.60 and a beta of 1.52.
MSA Safety (NYSE:MSA) last released its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.31. MSA Safety had a return on equity of 23.91% and a net margin of 2.17%. The business had revenue of $346.00 million during the quarter, compared to analyst estimates of $326.62 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. MSA Safety’s revenue for the quarter was up 16.9% on a year-over-year basis. equities analysts anticipate that MSA Safety Incorporated will post 4.22 earnings per share for the current year.
Several analysts have issued reports on the company. Robert W. Baird raised MSA Safety from a “neutral” rating to an “outperform” rating and set a $89.00 price target for the company in a report on Thursday, February 22nd. Zacks Investment Research raised MSA Safety from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Saturday, February 24th. Finally, TheStreet lowered MSA Safety from an “a-” rating to a “c+” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $90.00.
A number of large investors have recently added to or reduced their stakes in the business. Advisor Group Inc. boosted its stake in shares of MSA Safety by 142.6% in the fourth quarter. Advisor Group Inc. now owns 1,647 shares of the industrial products company’s stock worth $128,000 after acquiring an additional 968 shares during the period. Royal Bank of Canada boosted its stake in shares of 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 during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of 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 during the period. Itau Unibanco Holding S.A. boosted its stake in shares of MSA Safety by 99.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 2,200 shares of the industrial products company’s stock worth $171,000 after acquiring an additional 1,096 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of MSA Safety by 44.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,253 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 693 shares during the period. 69.56% of the stock is owned by institutional investors and hedge funds.
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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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