Analysts Set MSA Safety Incorporporated (NYSE:MSA) Price Target at $186.50

by · The Cerbat Gem

Shares of MSA Safety Incorporporated (NYSE:MSA – Get Free Report) have received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $186.50.

MSA has been the topic of several research reports. Wall Street Zen cut shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings raised MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday.

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Insiders Place Their Bets

In other news, CAO Jonathan D. Buck sold 333 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $161.00, for a total transaction of $53,613.00. Following the completion of the transaction, the chief accounting officer directly owned 4,434 shares of the company’s stock, valued at $713,874. This trade represents a 6.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by company insiders.

Institutional Trading of MSA Safety Incorporporated

Institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. grew its position in MSA Safety Incorporporated by 700.0% in the third quarter. Brown Brothers Harriman & Co. now owns 144 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 126 shares in the last quarter. Bayforest Capital Ltd boosted its stake in shares of MSA Safety Incorporporated by 3,400.0% during the 1st quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock worth $26,000 after buying an additional 170 shares during the last quarter. First Horizon Corp acquired a new position in shares of MSA Safety Incorporporated during the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of MSA Safety Incorporporated by 94.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 96 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in shares of MSA Safety Incorporporated in the second quarter valued at about $33,000. Institutional investors own 92.51% of the company’s stock.

MSA Safety Incorporporated Price Performance

NYSE MSA opened at $160.24 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.86 and a current ratio of 3.08. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 22.60 and a beta of 0.96. The business has a 50 day simple moving average of $160.51 and a 200 day simple moving average of $167.73. MSA Safety Incorporporated has a 52-week low of $127.86 and a 52-week high of $182.85.

MSA Safety Incorporporated (NYSE:MSA – Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. MSA Safety Incorporporated had a net margin of 15.02% and a return on equity of 25.24%. The firm had revenue of $468.45 million for the quarter, compared to analyst estimates of $461.37 million. During the same quarter in the previous year, the firm posted $1.83 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Analysts anticipate that MSA Safety Incorporporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Incorporporated Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a $0.5625 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.25 dividend on an annualized basis and a yield of 1.4%. This is a boost from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. MSA Safety Incorporporated’s payout ratio is 29.90%.

MSA Safety Incorporporated Company Profile

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MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.

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