MSA Safety Inc (MSA) Director L Edward Shaw, Jr. Sells 4,854 Shares

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MSA Safety Inc (NYSE:MSA) Director L Edward Shaw, Jr. sold 4,854 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $105.36, for a total value of $511,417.44. Following the completion of the transaction, the director now directly owns 447,092 shares in the company, valued at approximately $47,105,613.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of MSA opened at $104.93 on Thursday. The company has a market cap of $4.07 billion, a P/E ratio of 23.32 and a beta of 1.31. MSA Safety Inc has a 12-month low of $86.72 and a 12-month high of $113.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.88 and a current ratio of 2.53.

MSA Safety (NYSE:MSA) last issued its earnings results on Wednesday, April 24th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.03. The company had revenue of $326.00 million for the quarter, compared to the consensus estimate of $340.46 million. MSA Safety had a return on equity of 27.93% and a net margin of 8.47%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $1.01 EPS. On average, equities analysts expect that MSA Safety Inc will post 4.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.60%. The ex-dividend date is Friday, May 17th. This is an increase from MSA Safety’s previous quarterly dividend of $0.38. MSA Safety’s dividend payout ratio (DPR) is 33.78%.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded MSA Safety from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. ValuEngine downgraded MSA Safety from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. MSA Safety has a consensus rating of “Hold” and an average target price of $106.10.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its stake in MSA Safety by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 9,400 shares of the industrial products company’s stock valued at $972,000 after purchasing an additional 100 shares during the period. Retirement Systems of Alabama raised its stake in MSA Safety by 0.4% during the 4th quarter. Retirement Systems of Alabama now owns 45,382 shares of the industrial products company’s stock valued at $4,278,000 after purchasing an additional 185 shares during the period. Nisa Investment Advisors LLC raised its stake in MSA Safety by 2.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,060 shares of the industrial products company’s stock valued at $666,000 after purchasing an additional 200 shares during the period. Commonwealth Equity Services LLC raised its stake in MSA Safety by 9.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,800 shares of the industrial products company’s stock valued at $289,000 after purchasing an additional 236 shares during the period. Finally, Arizona State Retirement System grew its holdings in MSA Safety by 1.2% during the 4th quarter. Arizona State Retirement System now owns 25,123 shares of the industrial products company’s stock valued at $2,368,000 after buying an additional 288 shares in the last quarter. 74.12% of the stock is currently owned by institutional investors.

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About MSA Safety

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.

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