MSA Safety (NYSE:MSA) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of MSA Safety (NYSE:MSA) in a research report released on Thursday morning, Marketbeat Ratings reports. The firm issued a hold rating and a $200.00 price target on the industrial products company’s stock.

Separately, B. Riley began coverage on MSA Safety in a research note on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price target for the company. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $205.00.

MSA Safety Trading Down 0.8 %

Shares of NYSE:MSA opened at $176.40 on Thursday. MSA Safety has a 12-month low of $160.02 and a 12-month high of $200.60. The stock has a market cap of $6.93 billion, a PE ratio of 25.49 and a beta of 0.99. The business has a 50 day moving average of $172.24 and a 200-day moving average of $178.20. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48.

MSA Safety (NYSE:MSA) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The company had revenue of $432.68 million during the quarter, compared to analysts’ expectations of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.78 earnings per share. As a group, equities research analysts forecast that MSA Safety will post 7.64 earnings per share for the current year.

MSA Safety Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, November 15th. MSA Safety’s dividend payout ratio (DPR) is currently 29.48%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its holdings in shares of MSA Safety by 0.3% during the third quarter. Mutual of America Capital Management LLC now owns 21,267 shares of the industrial products company’s stock worth $3,771,000 after buying an additional 71 shares in the last quarter. Legacy Wealth Asset Management LLC increased its holdings in shares of MSA Safety by 1.3% during the third quarter. Legacy Wealth Asset Management LLC now owns 5,418 shares of the industrial products company’s stock worth $961,000 after buying an additional 72 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of MSA Safety by 4.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,052 shares of the industrial products company’s stock worth $364,000 after buying an additional 84 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of MSA Safety by 1.1% during the third quarter. Tidal Investments LLC now owns 8,060 shares of the industrial products company’s stock worth $1,429,000 after buying an additional 90 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of MSA Safety by 1.6% during the second quarter. Bank of Montreal Can now owns 6,845 shares of the industrial products company’s stock worth $1,307,000 after buying an additional 109 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

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.