Jonathan D. Buck Sells 717 Shares of MSA Safety Incorporated (NYSE:MSA) Stock

MSA Safety Incorporated (NYSE:MSA) CAO Jonathan D. Buck sold 717 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $159.00, for a total transaction of $114,003.00. Following the transaction, the chief accounting officer now owns 3,673 shares in the company, valued at $584,007. This represents a 16.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

MSA Safety Trading Up 1.5 %

MSA Safety stock opened at $163.12 on Wednesday. The company has a 50 day moving average price of $163.80 and a 200 day moving average price of $170.67. MSA Safety Incorporated has a 52 week low of $153.79 and a 52 week high of $200.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.76 and a current ratio of 2.79. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 22.62 and a beta of 1.00.

MSA Safety (NYSE:MSA) last issued its earnings results on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.02. MSA Safety had a net margin of 15.76% and a return on equity of 28.64%. Research analysts forecast that MSA Safety Incorporated will post 8.06 EPS for the current year.

MSA Safety Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, February 14th. MSA Safety’s dividend payout ratio (DPR) is currently 28.29%.

Institutional Investors Weigh In On MSA Safety

Institutional investors have recently modified their holdings of the stock. ORG Partners LLC acquired a new stake in shares of MSA Safety during the 4th quarter valued at $1,131,000. Great Valley Advisor Group Inc. lifted its stake in shares of MSA Safety by 67.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 23,385 shares of the industrial products company’s stock valued at $4,147,000 after purchasing an additional 9,433 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of MSA Safety by 27.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 124,041 shares of the industrial products company’s stock valued at $20,468,000 after purchasing an additional 26,470 shares during the last quarter. Redmond Asset Management LLC acquired a new stake in shares of MSA Safety in the 4th quarter valued at $362,000. Finally, Barclays PLC lifted its stake in shares of MSA Safety by 62.0% in the 3rd quarter. Barclays PLC now owns 16,688 shares of the industrial products company’s stock valued at $2,959,000 after purchasing an additional 6,384 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

MSA has been the topic of a number of research analyst reports. Jefferies Financial Group initiated coverage on shares of MSA Safety in a research note on Thursday, December 12th. They set a “hold” rating and a $200.00 price objective on the stock. DA Davidson initiated coverage on shares of MSA Safety in a research note on Thursday, December 19th. They set a “buy” rating and a $195.00 price objective on the stock. B. Riley started coverage on shares of MSA Safety in a research note on Tuesday, November 5th. They set a “buy” rating and a $200.00 price objective on the stock. Finally, Robert W. Baird decreased their price target on shares of MSA Safety from $190.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, MSA Safety has a consensus rating of “Buy” and an average target price of $197.00.

About MSA Safety

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.