Bob Willem Leenen Sells 871 Shares of MSA Safety Inc (NYSE:MSA) Stock

MSA Safety Inc (NYSE:MSA) VP Bob Willem Leenen sold 871 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $106.42, for a total transaction of $92,691.82. Following the completion of the transaction, the vice president now owns 6,497 shares in the company, valued at $691,410.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NYSE:MSA traded down $0.34 during midday trading on Friday, reaching $104.56. The stock had a trading volume of 157,266 shares, compared to its average volume of 173,184. MSA Safety Inc has a 1-year low of $86.72 and a 1-year high of $113.06. The business has a fifty day moving average price of $104.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 1.94. The firm has a market capitalization of $4.11 billion, a PE ratio of 23.24 and a beta of 1.29.

MSA Safety (NYSE:MSA) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. MSA Safety had a net margin of 8.89% and a return on equity of 28.35%. The business had revenue of $349.68 million for the quarter, compared to analyst estimates of $351.73 million. During the same period last year, the business posted $1.07 EPS. MSA Safety’s revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts expect that MSA Safety Inc will post 4.88 EPS for the current year.

Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of MSA Safety during the 4th quarter valued at about $38,442,000. JPMorgan Chase & Co. boosted its position in shares of MSA Safety by 16.9% during the 1st quarter. JPMorgan Chase & Co. now owns 1,353,394 shares of the industrial products company’s stock valued at $139,941,000 after acquiring an additional 195,678 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of MSA Safety by 9.5% during the 1st quarter. Neuberger Berman Group LLC now owns 1,374,956 shares of the industrial products company’s stock valued at $142,170,000 after acquiring an additional 119,119 shares in the last quarter. Champlain Investment Partners LLC boosted its position in shares of MSA Safety by 16.0% during the 1st quarter. Champlain Investment Partners LLC now owns 841,055 shares of the industrial products company’s stock valued at $86,965,000 after acquiring an additional 116,225 shares in the last quarter. Finally, Waldron Private Wealth LLC acquired a new stake in shares of MSA Safety during the 1st quarter valued at about $6,128,000. Institutional investors and hedge funds own 74.09% of the company’s stock.

MSA has been the topic of a number of research analyst reports. ValuEngine lowered shares of MSA Safety from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered shares of MSA Safety from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $108.33.

MSA Safety Company Profile

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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