MSA Safety (MSA) Downgraded to “Hold” at ValuEngine

ValuEngine lowered shares of MSA Safety (NYSE:MSA) from a buy rating to a hold rating in a research note released on Friday morning.

Shares of NYSE MSA traded down $3.59 during midday trading on Friday, hitting $99.36. 177,766 shares of the company’s stock traded hands, compared to its average volume of 119,314. MSA Safety has a 1 year low of $71.47 and a 1 year high of $110.83. The firm has a market capitalization of $3.96 billion, a P/E ratio of 25.67 and a beta of 1.29. The company has a quick ratio of 1.59, a current ratio of 2.19 and a debt-to-equity ratio of 0.56.

MSA Safety (NYSE:MSA) last released its quarterly earnings results on Wednesday, October 24th. The industrial products company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.11. MSA Safety had a net margin of 4.94% and a return on equity of 28.12%. The firm had revenue of $331.10 million during the quarter, compared to analyst estimates of $325.53 million. As a group, equities research analysts anticipate that MSA Safety will post 4.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 14th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, November 13th. MSA Safety’s payout ratio is currently 39.28%.

In related news, insider William M. Lambert sold 10,137 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $105.97, for a total value of $1,074,217.89. Following the completion of the sale, 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 at this hyperlink. Also, insider Douglas K. Mcclaine sold 10,568 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $106.61, for a total transaction of $1,126,654.48. Following the completion of the sale, the insider now directly owns 32,499 shares of the company’s stock, valued at $3,464,718.39. The disclosure for this sale can be found here. Insiders sold a total of 35,226 shares of company stock valued at $3,755,082 over the last three months. 9.90% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in MSA. Janney Montgomery Scott LLC bought a new position in shares of MSA Safety during the 2nd quarter valued at approximately $226,000. Comerica Bank boosted its position in shares of MSA Safety by 160.7% during the 2nd quarter. Comerica Bank now owns 69,165 shares of the industrial products company’s stock valued at $6,771,000 after acquiring an additional 42,638 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in MSA Safety during the 2nd quarter valued at $887,000. Cypress Wealth Services LLC purchased a new stake in MSA Safety during the 2nd quarter valued at $253,000. Finally, Rhumbline Advisers raised its holdings in MSA Safety by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 72,282 shares of the industrial products company’s stock valued at $6,964,000 after buying an additional 2,049 shares during the period. 72.13% of the stock is owned by 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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