MSA Safety Incorporporated (NYSE:MSA) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of MSA Safety Incorporporated (NYSE:MSA) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $176.34 and traded as high as $190.74. MSA Safety Incorporporated shares last traded at $188.3190, with a volume of 193,877 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MSA shares. B. Riley Financial cut shares of MSA Safety Incorporporated from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $210.00 to $195.00 in a report on Monday, August 3rd. DA Davidson set a $223.00 price objective on MSA Safety Incorporporated in a research note on Tuesday, August 4th. Weiss Ratings upgraded MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Wall Street Zen downgraded MSA Safety Incorporporated from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on MSA Safety Incorporporated from $210.00 to $220.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $211.33.

MSA Safety Incorporporated Stock Up 0.7%

The stock has a fifty day moving average of $178.29 and a 200 day moving average of $176.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.24 and a quick ratio of 2.02. The firm has a market capitalization of $7.40 billion, a P/E ratio of 23.87 and a beta of 0.94.

MSA Safety Incorporporated (NYSE:MSA) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.26. The company had revenue of $503.33 million for the quarter, compared to analysts’ expectations of $496.27 million. MSA Safety Incorporporated had a return on equity of 25.13% and a net margin of 16.13%.The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.93 EPS. On average, research analysts anticipate that MSA Safety Incorporporated will post 9.2 EPS for the current fiscal year.

MSA Safety Incorporporated Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be paid a $0.54 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.16 annualized dividend and a yield of 1.1%. MSA Safety Incorporporated’s dividend payout ratio is presently 26.87%.

Insiders Place Their Bets

In other MSA Safety Incorporporated news, CAO Jonathan D. Buck sold 469 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $191.00, for a total value of $89,579.00. Following the sale, the chief accounting officer directly owned 3,776 shares in the company, valued at $721,216. The trade was a 11.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Julie A. Beck purchased 448 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $158.69 per share, with a total value of $71,093.12. Following the purchase, the chief financial officer directly owned 3,825 shares in the company, valued at $606,989.25. This trade represents a 13.27% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. lifted its position in shares of MSA Safety Incorporporated by 700.0% during the third quarter. Brown Brothers Harriman & Co. now owns 144 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 126 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of MSA Safety Incorporporated by 109.3% during the 1st quarter. Root Financial Partners LLC now owns 157 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 82 shares during the period. Allied Private Wealth LLC purchased a new stake in MSA Safety Incorporporated during the 2nd quarter worth about $27,000. EverSource Wealth Advisors LLC lifted its holdings in MSA Safety Incorporporated by 94.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 96 shares in the last quarter. Finally, Nykredit A S bought a new position in MSA Safety Incorporporated in the 2nd quarter worth about $56,000. 92.51% of the stock is owned by institutional investors.

About MSA Safety Incorporporated

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.