Analysts Set MSA Safety Incorporated (NYSE:MSA) Price Target at $205.00

Shares of MSA Safety Incorporated (NYSE:MSA) have received an average recommendation of “Buy” from the five analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $202.50.

Several research analysts have recently weighed in on the company. B. Riley initiated coverage on MSA Safety in a research report on Tuesday, November 5th. They set a “buy” rating and a $200.00 price objective for the company. Jefferies Financial Group began coverage on MSA Safety in a research report on Thursday, December 12th. They issued a “hold” rating and a $200.00 price objective for the company. Finally, DA Davidson began coverage on shares of MSA Safety in a report on Thursday. They issued a “buy” rating and a $195.00 price objective on the stock.

Institutional Investors Weigh In On MSA Safety

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cooke & Bieler LP bought a new stake in shares of MSA Safety during the second quarter valued at about $60,236,000. Conestoga Capital Advisors LLC boosted its holdings in MSA Safety by 219.8% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 306,943 shares of the industrial products company’s stock valued at $57,610,000 after purchasing an additional 210,968 shares during the period. Geode Capital Management LLC grew its position in shares of MSA Safety by 27.6% during the 3rd quarter. Geode Capital Management LLC now owns 781,705 shares of the industrial products company’s stock valued at $138,658,000 after purchasing an additional 169,168 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of MSA Safety by 748.6% in the second quarter. Victory Capital Management Inc. now owns 65,552 shares of the industrial products company’s stock worth $12,303,000 after buying an additional 57,827 shares in the last quarter. Finally, State Street Corp boosted its stake in MSA Safety by 2.5% during the third quarter. State Street Corp now owns 1,691,319 shares of the industrial products company’s stock valued at $299,939,000 after buying an additional 40,569 shares during the period. 92.51% of the stock is currently owned by institutional investors.

MSA Safety Trading Down 1.3 %

Shares of NYSE MSA opened at $165.37 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 23.90 and a beta of 0.99. MSA Safety has a 52 week low of $160.02 and a 52 week high of $200.60. The business has a 50 day simple moving average of $171.90 and a 200 day simple moving average of $177.73.

MSA Safety (NYSE:MSA) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $432.68 million for 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%. MSA Safety’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 earnings per share. On average, research analysts predict that MSA Safety will post 7.66 earnings per share for the current fiscal 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 given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.23%. MSA Safety’s payout ratio is currently 29.48%.

MSA Safety Company Profile

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.