MSA Safety Incorporated (NYSE:MSA - Get Free Report) CAO Jonathan D. Buck sold 717 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $159.00, for a total value of $114,003.00. Following the transaction, the chief accounting officer now directly owns 3,673 shares of the company's stock, valued at approximately $584,007. This trade represents a 16.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
MSA Safety Stock Performance
MSA Safety stock traded up $1.33 during mid-day trading on Thursday, reaching $163.00. 147,295 shares of the stock traded hands, compared to its average volume of 141,346. MSA Safety Incorporated has a 12-month low of $153.79 and a 12-month high of $200.60. The business's 50-day moving average is $163.63 and its 200-day moving average is $170.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.79 and a quick ratio of 1.76. The stock has a market capitalization of $6.40 billion, a PE ratio of 22.56 and a beta of 1.00.
MSA Safety (NYSE:MSA - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. MSA Safety had a net margin of 15.76% and a return on equity of 28.64%. As a group, sell-side analysts predict that MSA Safety Incorporated will post 8.06 EPS for the current fiscal year.
MSA Safety Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, February 14th. MSA Safety's dividend payout ratio is presently 28.29%.
Institutional Investors Weigh In On MSA Safety
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of MSA Safety by 5.3% in the third quarter. Creative Planning now owns 2,246 shares of the industrial products company's stock worth $398,000 after purchasing an additional 114 shares in the last quarter. Blue Trust Inc. grew its position in shares of MSA Safety by 486.0% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock worth $47,000 after purchasing an additional 209 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in MSA Safety by 3.8% during the 3rd quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the industrial products company's stock valued at $1,933,000 after purchasing an additional 400 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in MSA Safety by 69.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 64,061 shares of the industrial products company's stock worth $11,295,000 after purchasing an additional 26,245 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in MSA Safety by 8.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,629 shares of the industrial products company's stock worth $1,352,000 after purchasing an additional 575 shares during the period. 92.51% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on MSA. B. Riley assumed coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They set a "buy" rating and a $200.00 price target for the company. DA Davidson assumed coverage on MSA Safety in a report on Thursday, December 19th. They issued a "buy" rating and a $195.00 target price for the company. Jefferies Financial Group started coverage on MSA Safety in a report on Thursday, December 12th. They set a "hold" rating and a $200.00 price target on the stock. Finally, Robert W. Baird reduced their price objective on MSA Safety from $190.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $197.00.
Read Our Latest Stock Analysis on MSA Safety
About MSA Safety
(
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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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