MSA Safety (NYSE:MSA) PT Set at $162.59 by Robert W. Baird

Robert W. Baird set a $162.59 price target on MSA Safety (NYSE:MSA) in a report published on Wednesday, Analyst Ratings Network reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

Separately, Zacks Investment Research raised MSA Safety from a sell rating to a hold rating in a report on Wednesday, June 30th.

NYSE MSA opened at $163.62 on Wednesday. The firm has a market cap of $6.41 billion, a PE ratio of 57.21 and a beta of 0.91. MSA Safety has a twelve month low of $112.52 and a twelve month high of $172.84. The company has a quick ratio of 1.78, a current ratio of 2.49 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $165.20.

MSA Safety (NYSE:MSA) last released its quarterly earnings results on Wednesday, April 28th. The industrial products company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The company had revenue of $308.43 million during the quarter, compared to analysts’ expectations of $313.59 million. MSA Safety had a return on equity of 21.32% and a net margin of 8.58%. MSA Safety’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. As a group, equities analysts anticipate that MSA Safety will post 4.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Monday, May 17th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from MSA Safety’s previous quarterly dividend of $0.43. MSA Safety’s dividend payout ratio is presently 39.11%.

In other MSA Safety news, Director Robert A. Bruggeworth sold 675 shares of the stock in a transaction that occurred on Wednesday, June 2nd. The stock was sold at an average price of $169.31, for a total transaction of $114,284.25. Following the completion of the transaction, the director now owns 27,418 shares of the company’s stock, valued at $4,642,141.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.29% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp purchased a new stake in shares of MSA Safety in the first quarter valued at approximately $30,000. Roble Belko & Company Inc purchased a new stake in shares of MSA Safety in the first quarter valued at approximately $38,000. First Horizon Advisors Inc. grew its position in shares of MSA Safety by 291.4% in the first quarter. First Horizon Advisors Inc. now owns 411 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 306 shares in the last quarter. Arlington Partners LLC purchased a new stake in shares of MSA Safety in the first quarter valued at approximately $69,000. Finally, Quantbot Technologies LP purchased a new stake in shares of MSA Safety in the first quarter valued at approximately $86,000. Institutional investors and hedge funds own 77.76% of the company’s stock.

About MSA Safety

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, utilities, military, and mining industries in North America, Latin America, and internationally.

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