William Blair began coverage on shares of MSA Safety (NYSE:MSA) in a research report report published on Thursday morning, MarketBeat reports. The firm issued a market perform rating and a $98.30 price objective on the industrial products company’s stock.
MSA has been the topic of several other reports. Stifel Nicolaus reiterated a buy rating and set a $115.00 target price on shares of MSA Safety in a research note on Wednesday, December 19th. ValuEngine upgraded MSA Safety from a hold rating to a buy rating in a research note on Friday, December 21st. Robert W. Baird downgraded MSA Safety from an outperform rating to a neutral rating and cut their target price for the company from $107.00 to $98.00 in a research note on Friday, December 21st. Finally, Zacks Investment Research downgraded MSA Safety from a hold rating to a sell rating in a research note on Thursday, January 3rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $100.83.
Shares of MSA opened at $97.96 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.59 and a debt-to-equity ratio of 0.56. MSA Safety has a 12 month low of $71.47 and a 12 month high of $110.83. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 25.31 and a beta of 1.34.
MSA Safety (NYSE:MSA) last issued its earnings results on Wednesday, October 24th. The industrial products company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.05 by $0.11. MSA Safety had a return on equity of 28.12% and a net margin of 4.94%. The business had revenue of $331.10 million for the quarter, compared to the consensus estimate of $325.53 million. On average, equities research analysts expect that MSA Safety will post 4.53 earnings per share for the current year.
In other news, insider William M. Lambert sold 10,137 shares of the stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $105.97, for a total transaction of $1,074,217.89. Following the transaction, the insider now directly owns 42,147 shares of the company’s stock, valued at approximately $4,466,317.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kenneth D. Krause sold 1,572 shares of the stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $107.00, for a total value of $168,204.00. Following the transaction, the chief financial officer now directly owns 18,721 shares in the company, valued at $2,003,147. The disclosure for this sale can be found here. Insiders have sold a total of 35,226 shares of company stock worth $3,755,082 over the last three months. Insiders own 9.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSA. Strs Ohio lifted its holdings in shares of MSA Safety by 50.0% during the 2nd quarter. Strs Ohio now owns 3,000 shares of the industrial products company’s stock valued at $289,000 after buying an additional 1,000 shares during the period. BlackRock Inc. raised its holdings in MSA Safety by 4.4% in the 2nd quarter. BlackRock Inc. now owns 3,879,344 shares of the industrial products company’s stock worth $373,736,000 after purchasing an additional 162,191 shares during the period. Raymond James & Associates raised its holdings in MSA Safety by 4.5% in the 2nd quarter. Raymond James & Associates now owns 51,169 shares of the industrial products company’s stock worth $4,930,000 after purchasing an additional 2,205 shares during the period. First Republic Investment Management Inc. raised its holdings in MSA Safety by 11.2% in the 2nd quarter. First Republic Investment Management Inc. now owns 8,300 shares of the industrial products company’s stock worth $800,000 after purchasing an additional 837 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its holdings in MSA Safety by 3.1% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 19,990 shares of the industrial products company’s stock worth $1,926,000 after purchasing an additional 609 shares during the period. 71.84% of the stock is currently owned by hedge funds and other institutional investors.
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, 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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