MSA Safety (NYSE:MSA – Get Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.
A number of other brokerages have also weighed in on MSA. Robert W. Baird set a $166.00 target price on MSA Safety in a research report on Monday, May 5th. B. Riley reissued a “buy” rating and set a $195.00 price objective (down from $200.00) on shares of MSA Safety in a report on Thursday, May 1st. Finally, DA Davidson lowered their price objective on shares of MSA Safety from $188.00 to $183.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $191.80.
View Our Latest Analysis on MSA
MSA Safety Trading Down 0.1%
MSA Safety (NYSE:MSA – Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. MSA Safety had a return on equity of 28.64% and a net margin of 15.76%. The business had revenue of $421.34 million for the quarter, compared to the consensus estimate of $402.60 million. During the same period last year, the business posted $1.61 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts expect that MSA Safety will post 8.06 EPS for the current fiscal year.
Insider Transactions at MSA Safety
In related news, CAO Jonathan D. Buck sold 717 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $159.00, for a total transaction of $114,003.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,673 shares in the company, valued at approximately $584,007. The trade was a 16.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.
Institutional Investors Weigh In On MSA Safety
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSA. Champlain Investment Partners LLC increased its stake in shares of MSA Safety by 99.2% in the fourth quarter. Champlain Investment Partners LLC now owns 1,354,310 shares of the industrial products company’s stock worth $224,504,000 after purchasing an additional 674,560 shares in the last quarter. Norges Bank bought a new position in MSA Safety in the 4th quarter worth $72,693,000. Price T Rowe Associates Inc. MD increased its stake in MSA Safety by 31.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,131,515 shares of the industrial products company’s stock worth $187,573,000 after buying an additional 271,264 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in MSA Safety in the 4th quarter worth $43,689,000. Finally, First Trust Advisors LP raised its holdings in MSA Safety by 554.3% during the fourth quarter. First Trust Advisors LP now owns 284,552 shares of the industrial products company’s stock valued at $47,170,000 after acquiring an additional 241,061 shares during the period. Institutional investors own 92.51% of the company’s stock.
MSA Safety Company Profile
MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.
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