MSA Safety Incorporated (NYSE:MSA) insider Kerry M. Bove sold 4,276 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $85.24, for a total value of $364,486.24. Following the completion of the transaction, the insider now directly owns 58,881 shares of the company’s stock, valued at approximately $5,019,016.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
MSA Safety Incorporated (MSA) traded down $3.62 during midday trading on Monday, hitting $83.22. The stock had a trading volume of 297,565 shares, compared to its average volume of 187,633. MSA Safety Incorporated has a 1 year low of $65.95 and a 1 year high of $87.31. The company has a market capitalization of $3,319.59, a price-to-earnings ratio of 133.60 and a beta of 1.52. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.62 and a current ratio of 2.15.
MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.31. MSA Safety had a return on equity of 23.91% and a net margin of 2.17%. The company had revenue of $346.00 million during the quarter, compared to analyst estimates of $326.62 million. During the same period in the prior year, the company earned $0.78 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis. sell-side analysts forecast that MSA Safety Incorporated will post 4.22 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Sit Investment Associates Inc. boosted its stake in MSA Safety by 24.1% during the fourth quarter. Sit Investment Associates Inc. now owns 23,725 shares of the industrial products company’s stock valued at $1,839,000 after buying an additional 4,600 shares during the last quarter. Wells Fargo & Company MN boosted its stake in MSA Safety by 184.5% during the third quarter. Wells Fargo & Company MN now owns 119,442 shares of the industrial products company’s stock valued at $9,496,000 after buying an additional 77,462 shares during the last quarter. First Trust Advisors LP boosted its stake in MSA Safety by 18.2% during the third quarter. First Trust Advisors LP now owns 34,261 shares of the industrial products company’s stock valued at $2,724,000 after buying an additional 5,265 shares during the last quarter. Martin & Co. Inc. TN boosted its stake in MSA Safety by 57.1% during the third quarter. Martin & Co. Inc. TN now owns 31,760 shares of the industrial products company’s stock valued at $2,525,000 after buying an additional 11,550 shares during the last quarter. Finally, Bristol County Savings Bank bought a new position in MSA Safety during the fourth quarter valued at approximately $327,000. 69.56% of the stock is owned by institutional investors.
MSA has been the subject of a number of recent analyst reports. TheStreet lowered MSA Safety from an “a-” rating to a “c+” rating in a research note on Tuesday, February 20th. Robert W. Baird raised MSA Safety from a “neutral” rating to an “outperform” rating and set a $89.00 price objective for the company in a research note on Thursday, February 22nd. Finally, Zacks Investment Research raised MSA Safety from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Saturday, February 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $90.00.
ILLEGAL ACTIVITY WARNING: “Kerry M. Bove Sells 4,276 Shares of MSA Safety Incorporated (MSA) Stock” was first posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.themarketsdaily.com/2018/03/12/kerry-m-bove-sells-4276-shares-of-msa-safety-incorporated-msa-stock.html.
About MSA Safety
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
Receive News & Ratings for MSA Safety Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSA Safety and related companies with MarketBeat.com's FREE daily email newsletter.