BidaskClub Lowers MSA Safety Incorporporated (MSA) to Strong Sell

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

Several other analysts have also recently commented on MSA. Barrington Research raised their target price on shares of MSA Safety Incorporporated from $78.00 to $88.00 and gave the stock an outperform rating in a research note 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 for the company 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 research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $87.50.

MSA Safety Incorporporated (NYSE MSA) opened at 68.61 on Tuesday. The stock has a 50 day moving average price of $76.25 and a 200 day moving average price of $74.87. MSA Safety Incorporporated has a 12 month low of $53.10 and a 12 month high of $84.86. The stock has a market capitalization of $2.62 billion, a PE ratio of 34.56 and a beta of 1.62.

MSA Safety Incorporporated (NYSE:MSA) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.85 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $288.78 million during the quarter, compared to analyst estimates of $302.94 million. During the same quarter last year, the business posted $0.79 EPS. The firm’s revenue was down 2.4% on a year-over-year basis. On average, equities research analysts forecast that MSA Safety Incorporporated will post $3.17 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, August 14th. This represents a $1.40 annualized dividend and a yield of 2.04%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is currently 71.07%.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in MSA Safety Incorporporated by 20,572.3% in the first quarter. BlackRock Inc. now owns 3,192,629 shares of the industrial products company’s stock valued at $225,685,000 after buying an additional 3,177,185 shares during the period. State Street Corp increased its position in MSA Safety Incorporporated by 117.4% in the first quarter. State Street Corp now owns 2,098,154 shares of the industrial products company’s stock valued at $148,317,000 after buying an additional 1,133,038 shares during the period. Principal Financial Group Inc. increased its position in MSA Safety Incorporporated by 96.4% in the second quarter. Principal Financial Group Inc. now owns 851,097 shares of the industrial products company’s stock valued at $69,084,000 after buying an additional 417,796 shares during the period. SG Capital Management LLC acquired a new position in MSA Safety Incorporporated during the second quarter valued at $25,020,000. Finally, Vanguard Group Inc. increased its position in MSA Safety Incorporporated by 8.8% in the first quarter. Vanguard Group Inc. now owns 3,060,446 shares of the industrial products company’s stock valued at $216,344,000 after buying an additional 247,532 shares during the period. Hedge funds and other institutional investors own 65.96% of the company’s stock.

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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