Insider Sale: MSA Safety Incorporated (NYSE: MSA) Director Sells 10,000 Shares
MSA Safety Incorporated (NYSE: MSA) director William M. Lambert sold 10,000 shares in a trade dated Thursday, September 16. The stock was sold for an average price of $ 153.67, for a total value of $ 1,536,700.00. The sale was disclosed in a legal file with the SEC, which is available on the SEC’s website.
MSA stock traded down $ 1.68 during Thursday’s noon session, reaching $ 153.67. 83,675 shares of the company traded hands, compared to its average volume of 100,067. MSA Safety Incorporated has a 52-week low of $ 124.58 and a 52-week high of $ 172.84. The company has a debt to equity ratio of 0.37, a quick ratio of 1.69, and a current ratio of 2.42. The company has a 50-day moving average of $ 160.79 and a 200-day moving average of $ 161.24. The company has a market cap of $ 6.02 billion, a price-to-earnings ratio of 60.21 and a beta of 0.90.
MSA Safety (NYSE: MSA) last released its quarterly earnings data on Wednesday, July 28. The industrials company reported earnings per share (EPS) of $ 1.06 for the quarter, missing analyst consensus estimates of $ 1.11 ($ 0.05). MSA Safety has a net margin of 7.59% and a return on equity of 20.43%. The company posted revenue of $ 341.29 million for the quarter, compared to analysts’ expectations of $ 330.52 million. Research analysts predict that MSA Safety Incorporated will post earnings per share of 4.72 for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 10. Shareholders of record on Monday August 16 received a dividend of $ 0.44 per share. The ex-dividend date was Friday August 13. This represents a dividend of $ 1.76 on an annualized basis and a dividend yield of 1.15%. MSA Safety’s dividend payout ratio is 39.11%.
Several institutional investors and hedge funds have recently increased or reduced their holdings in MSA. APG Asset Management NV increased its stake in the shares of MSA Safety by 23.6% during the first quarter. APG Asset Management NV now owns 4,284,863 shares of the industrial products company valued at $ 546,937,000 after purchasing an additional 818,019 shares during the last quarter. Amundi took a new position in MSA Safety in the second quarter for an amount of approximately $ 39,665,000. State Street Corp increased its stake in MSA Safety by 14.5% in the second quarter. State Street Corp now owns 1,570,471 shares of the industrial products company valued at $ 260,039,000 after purchasing an additional 198,429 shares in the last quarter. Champlain Investment Partners LLC increased its stake in MSA Safety by 14.5% in the second quarter. Champlain Investment Partners LLC now owns 1,141,025 shares of the industrial products company valued at $ 188,931,000 after purchasing an additional 144,925 shares in the last quarter. Finally, Invesco Ltd. increased its stake in MSA Safety by 127.3% in the second quarter. Invesco Ltd. now owns 177,451 shares of the industrial products company valued at $ 29,382,000 after purchasing an additional 99,396 shares in the last quarter. 77.29% of the shares are currently held by hedge funds and other institutional investors.
Several equity analysts recently published reports on MSA stocks. Zacks Investment Research downgraded MSA Safety from a âsellâ rating to a âkeepâ rating in a research report released on Wednesday, June 30. Robert W. Baird set a price target of $ 162.59 on MSA Safety and gave the company a “neutral” rating in a research note on Wednesday, July 21.
MSA Security Company Profile
MSA Safety, Inc is committed to the development, manufacture and sale of innovative products, which improve the safety and health of workers and protect facility infrastructure. It operates through the following geographic segments: Americas, International and Corporate. The Americas segment includes manufacturing and research and development facilities in the United States, Mexico and Brazil.
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