MSA Safety Incorporporated (MSA) Rating Lowered to Sell at Zacks Investment Research
MSA Safety Incorporporated (NYSE:MSA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.
According to Zacks, “MSA Safety Inc. is engaged in the development, manufacture and supply of safety products that protect people and facility infrastructures. The company’s core product lines include self-contained breathing apparatus, fixed gas and flame detection systems, handheld gas detection instruments, industrial and fire service head protection products and fall protection devices. It serves a broad range of industries, including the oil, gas and petrochemical industry, the fire service, construction, mining and general industry. MSA Safety Inc., formerly known as Mine Safety Appliances Company, is headquartered in Cranberry Township, Pennsylvania. “
Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $91.00 price objective on shares of MSA Safety Incorporporated in a research note on Friday, August 4th. BidaskClub cut shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Finally, Robert W. Baird cut shares of MSA Safety Incorporporated from an “outperform” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $86.33.
Shares of MSA Safety Incorporporated (NYSE MSA) opened at 76.09 on Thursday. The company has a market cap of $2.91 billion, a P/E ratio of 38.33 and a beta of 1.64. MSA Safety Incorporporated has a one year low of $55.00 and a one year high of $84.86. The stock’s 50 day moving average is $73.38 and its 200-day moving average is $75.71.
MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.02). The firm had revenue of $288.78 million for the quarter, compared to analysts’ expectations of $302.94 million. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. MSA Safety Incorporporated’s revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 EPS. Equities research analysts forecast that MSA Safety Incorporporated will post $3.19 earnings per share for the current year.
In other MSA Safety Incorporporated news, VP Markus H. Weber sold 2,300 shares of MSA Safety Incorporporated stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $71.08, for a total transaction of $163,484.00. Following the completion of the sale, the vice president now directly owns 13,801 shares in the company, valued at $980,975.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John T. Ryan III sold 32,100 shares of MSA Safety Incorporporated stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $71.43, for a total transaction of $2,292,903.00. Following the sale, the director now owns 1,025,013 shares of the company’s stock, valued at $73,216,678.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,211 shares of company stock valued at $2,879,428. 11.47% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. lifted its position in MSA Safety Incorporporated by 2.0% during the second quarter. Ameritas Investment Partners Inc. now owns 12,311 shares of the industrial products company’s stock valued at $999,000 after purchasing an additional 242 shares during the last quarter. Martin & Co. Inc. TN lifted its position in MSA Safety Incorporporated by 0.6% during the second quarter. Martin & Co. Inc. TN now owns 20,210 shares of the industrial products company’s stock valued at $1,640,000 after purchasing an additional 115 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in MSA Safety Incorporporated by 1.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,967 shares of the industrial products company’s stock valued at $1,377,000 after purchasing an additional 161 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in MSA Safety Incorporporated by 3.7% during the second quarter. The Manufacturers Life Insurance Company now owns 70,980 shares of the industrial products company’s stock valued at $5,762,000 after purchasing an additional 2,523 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in MSA Safety Incorporporated during the second quarter valued at approximately $382,000. Institutional investors and hedge funds own 66.74% of the company’s stock.
About MSA Safety Incorporporated
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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