MSA Safety (NYSE:MSA) Receives New Coverage from Analysts at CJS Securities

CJS Securities started coverage on shares of MSA Safety (NYSE:MSA) in a research note issued to investors on Tuesday, TipRanks reports. The brokerage issued a buy rating and a $138.00 price target on the industrial products company’s stock.

MSA has been the topic of several other research reports. Sidoti upgraded shares of MSA Safety from a neutral rating to a buy rating and set a $113.00 price target on the stock in a research note on Tuesday, March 24th. Zacks Investment Research upgraded shares of MSA Safety from a hold rating to a buy rating and set a $124.00 price target on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $131.25.

Shares of MSA Safety stock opened at $112.07 on Tuesday. The company has a market capitalization of $4.30 billion, a P/E ratio of 28.09 and a beta of 1.09. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.92 and a current ratio of 2.66. The company has a fifty day moving average of $115.61 and a 200 day moving average of $119.74. MSA Safety has a fifty-two week low of $83.57 and a fifty-two week high of $142.34.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.95 by $0.23. The business had revenue of $341.15 million for the quarter, compared to analysts’ expectations of $314.57 million. MSA Safety had a net margin of 11.07% and a return on equity of 26.77%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 EPS. Analysts forecast that MSA Safety will post 4.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.53%. This is a boost from MSA Safety’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, May 21st. MSA Safety’s dividend payout ratio is currently 35.83%.

In other news, VP Steven C. Sr. Blanco sold 9,585 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $124.00, for a total transaction of $1,188,540.00. Following the sale, the vice president now directly owns 18,214 shares in the company, valued at approximately $2,258,536. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diane M. Pearse sold 891 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $120.61, for a total transaction of $107,463.51. Following the sale, the director now owns 30,654 shares in the company, valued at $3,697,178.94. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Panagora Asset Management Inc. bought a new position in MSA Safety during the 4th quarter valued at about $592,000. Deutsche Bank AG grew its holdings in MSA Safety by 32.4% during the 1st quarter. Deutsche Bank AG now owns 68,004 shares of the industrial products company’s stock valued at $6,882,000 after purchasing an additional 16,653 shares during the last quarter. Legal & General Group Plc grew its holdings in MSA Safety by 1.9% during the 1st quarter. Legal & General Group Plc now owns 60,735 shares of the industrial products company’s stock valued at $6,146,000 after purchasing an additional 1,114 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in MSA Safety during the 4th quarter valued at about $334,000. Finally, M&T Bank Corp grew its holdings in MSA Safety by 50.4% during the 1st quarter. M&T Bank Corp now owns 2,736 shares of the industrial products company’s stock valued at $277,000 after purchasing an additional 917 shares during the last quarter. Institutional investors own 77.96% of the company’s stock.

MSA Safety Company Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.

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