MSA Safety Incorporporated (MSA) Rating Lowered to Strong Sell at BidaskClub

BidaskClub cut shares of MSA Safety Incorporporated (NYSE:MSA) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday, August 1st.

A number of other research firms have also recently weighed in on MSA. Barrington Research lifted their price target on MSA Safety Incorporporated from $78.00 to $88.00 and gave the company an outperform rating in a report on Thursday, April 27th. Zacks Investment Research upgraded shares of MSA Safety Incorporporated from a hold rating to a buy rating and set a $87.00 price objective on the stock in a research note on Tuesday, May 2nd. Stifel Nicolaus raised their price objective on shares of MSA Safety Incorporporated from $81.00 to $91.00 and gave the company a buy rating in a research note on Monday, May 22nd. Finally, Robert W. Baird raised their price objective on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the company an outperform rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $87.50.

MSA Safety Incorporporated (NYSE MSA) traded down 0.74% during mid-day trading on Tuesday, hitting $66.16. The stock had a trading volume of 290,894 shares. The company has a 50-day moving average of $77.99 and a 200-day moving average of $74.99. The firm has a market cap of $2.52 billion, a PE ratio of 33.33 and a beta of 1.62. MSA Safety Incorporporated has a 12-month low of $53.10 and a 12-month high of $84.86.

MSA Safety Incorporporated (NYSE:MSA) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.02. MSA Safety Incorporporated had a return on equity of 19.64% and a net margin of 6.74%. The business had revenue of $288.78 million during the quarter, compared to the consensus estimate of $302.94 million. During the same period in the prior year, the business earned $0.79 EPS. The business’s revenue was down 2.4% on a year-over-year basis. Analysts expect that MSA Safety Incorporporated will post $3.16 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, August 14th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is currently 71.07%.

Several large investors have recently added to or reduced their stakes in the stock. Baystate Wealth Management LLC purchased a new position in shares of MSA Safety Incorporporated during the first quarter valued at approximately $426,000. Sit Investment Associates Inc. increased its position in MSA Safety Incorporporated by 18.3% in the first quarter. Sit Investment Associates Inc. now owns 14,875 shares of the industrial products company’s stock valued at $1,052,000 after buying an additional 2,300 shares during the last quarter. ProShare Advisors LLC increased its position in MSA Safety Incorporporated by 17.3% in the first quarter. ProShare Advisors LLC now owns 244,887 shares of the industrial products company’s stock valued at $17,311,000 after buying an additional 36,176 shares during the last quarter. First Manhattan Co. increased its position in MSA Safety Incorporporated by 0.5% in the first quarter. First Manhattan Co. now owns 102,184 shares of the industrial products company’s stock valued at $5,930,000 after buying an additional 550 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in MSA Safety Incorporporated by 202.1% in the first quarter. Nationwide Fund Advisors now owns 214,810 shares of the industrial products company’s stock valued at $15,185,000 after buying an additional 143,714 shares during the last quarter. 64.29% of the stock is owned by institutional investors and hedge funds.

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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