MSA Safety Incorporporated (NYSE:MSA - Get Free Report) issued its quarterly earnings data on Monday. The industrial products company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.17, Zacks reports. The firm had revenue of $474.12 million for the quarter, compared to analysts' expectations of $446.46 million. MSA Safety Incorporporated had a net margin of 15.15% and a return on equity of 26.66%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.01 EPS.
MSA Safety Incorporporated Price Performance
MSA Safety Incorporporated stock traded down $2.89 during mid-day trading on Wednesday, reaching $177.05. 114,736 shares of the company's stock traded hands, compared to its average volume of 205,123. MSA Safety Incorporporated has a 12-month low of $127.86 and a 12-month high of $187.41. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 25.25 and a beta of 0.96. The stock has a 50 day moving average of $170.63 and a two-hundred day moving average of $160.50. The company has a quick ratio of 1.84, a current ratio of 2.94 and a debt-to-equity ratio of 0.40.
MSA Safety Incorporporated Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.12 dividend on an annualized basis and a yield of 1.2%. MSA Safety Incorporporated's dividend payout ratio is presently 29.24%.
Insider Buying and Selling at MSA Safety Incorporporated
In related news, Chairman Nishan J. Vartanian sold 30,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $161.32, for a total value of $4,839,600.00. Following the completion of the transaction, the chairman owned 35,401 shares of the company's stock, valued at approximately $5,710,889.32. This trade represents a 45.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On MSA Safety Incorporporated
Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in MSA Safety Incorporporated by 39.8% during the 1st quarter. Royal Bank of Canada now owns 47,391 shares of the industrial products company's stock valued at $6,953,000 after buying an additional 13,501 shares during the period. Jane Street Group LLC lifted its stake in MSA Safety Incorporporated by 44.7% in the first quarter. Jane Street Group LLC now owns 4,401 shares of the industrial products company's stock worth $646,000 after purchasing an additional 1,359 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in MSA Safety Incorporporated during the 1st quarter valued at $501,000. Hedge funds and other institutional investors own 92.51% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of MSA Safety Incorporporated from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. B. Riley reissued a "buy" rating and set a $195.00 price target (down previously from $200.00) on shares of MSA Safety Incorporporated in a report on Thursday, May 1st. Stifel Nicolaus started coverage on MSA Safety Incorporporated in a research report on Wednesday, July 16th. They issued a "hold" rating and a $182.00 price target for the company. Robert W. Baird set a $166.00 price objective on MSA Safety Incorporporated in a research report on Monday, May 5th. Finally, DA Davidson increased their target price on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $189.20.
Read Our Latest Stock Analysis on MSA
MSA Safety Incorporporated Company Profile
(
Get Free Report)
MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.
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