November 23, 2016 - By Michael Collier
A calculated and well-grounded act was made by the President of Msa Safety Inc, Mr. Kerry Bove, on November 23, 2016, when she unloaded amount of shares – 19,653, totalling $1,239,357 U.S. Dollars, based on an average weighted cost of $63.1 for each one share. This deal decreased her ownership of the company to 0.16% market capitalization or 61,254 shares. The filing was disclosed in a filing dated November 23, 2016 with the SEC.
Out of 5 analysts covering MSA Safety Incorporated (NYSE:MSA), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $63 is the highest target while $52 is the lowest. The $56.33 average target is -10.80% below today’s ($63.15) stock price. MSA Safety Incorporated has been the topic of 6 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Friday, October 23, the company rating was maintained by Barrington Research. As per Monday, October 31, the company rating was upgraded by Robert W. Baird. The stock of MSA Safety Incorporated (NYSE:MSA) has “Neutral” rating given on Friday, July 22 by Robert W. Baird. The rating was downgraded by Sidoti to “Neutral” on Tuesday, April 19. The company was upgraded on Tuesday, June 14 by Stifel Nicolaus. The stock has “Neutral” rating given by Global Hunter Securities on Friday, July 24.
Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.34, from 1.35 in 2016Q1. The ratio turned negative, as 12 funds sold all MSA Safety Incorporated shares owned while 48 reduced positions. 21 funds bought stakes while 60 increased positions. They now own 22.29 million shares or 14.01% less from 25.92 million shares in 2016Q1.
Geode Lc holds 0.01% or 215,502 shares in its portfolio. Quantbot Tech Limited Partnership owns 319 shares or 0% of their US portfolio. Texas Permanent School Fund has 0.02% invested in the company for 24,339 shares. Moreover, Alliancebernstein Lp has 0% invested in MSA Safety Incorporated (NYSE:MSA) for 55,239 shares. Tarbox Gru holds 4,360 shares or 0.16% of its portfolio. Barclays Plc last reported 0% of its portfolio in the stock. Fairview Invest Mngmt Lc, a California-based fund reported 120,386 shares. Legal And General Group Public Limited Company owns 8,006 shares or 0% of their US portfolio. Amalgamated Bank & Trust holds 3,794 shares or 0.01% of its portfolio. Nationwide Fund last reported 0.02% of its portfolio in the stock. Sg Americas Secs owns 8,107 shares or 0% of their US portfolio. Asset Mgmt has 913 shares for 0% of their US portfolio. Oregon Pub Employees Retirement Fund owns 10,524 shares or 0.01% of their US portfolio. Bancshares Of Montreal Can, a Ontario – Canada-based fund reported 3,197 shares. Weaver C Barksdale Assocs Inc last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since August 2, 2016, the stock had 0 insider purchases, and 2 sales for $1.32 million net activity. 4,731 shares were sold by MCCLAINE DOUGLAS K, worth $264,936. The insider LAMBERT WILLIAM M sold 19,200 shares worth $1.06M.
About 58,679 shares traded hands. MSA Safety Incorporated (NYSE:MSA) has risen 30.35% since April 21, 2016 and is uptrending. It has outperformed by 25.03% the S&P500.
According to Zacks Investment Research, “MSA Safety Inc. is engaged in the development, manufacture and supply of safety products that protect people and facility infrastructures. The company’s core product lines include self-contained breathing apparatus, fixed gas and flame detection systems, handheld gas detection instruments, industrial and fire service head protection products and fall protection devices. It serves a broad range of industries, including the oil, gas and petrochemical industry, the fire service, construction, mining and general industry. MSA Safety Inc., formerly known as Mine Safety Appliances Company, is headquartered in Cranberry Township, Pennsylvania.”
Analysts await MSA Safety Incorporated (NYSE:MSA) to report earnings on February, 28. They expect $0.84 EPS, 0.00% or $0.00 from last year’s $0.84 per share. MSA’s profit will be $31.52 million for 18.79 P/E if the $0.84 EPS becomes a reality. After $0.72 actual EPS reported by MSA Safety Incorporated for the previous quarter, Wall Street now forecasts 16.67% EPS growth.
More news for MSA Safety Incorporated (NYSE:MSA) were recently published by: Prnewswire.com, which released: “MSA Safety Incorporated Completes Acquisition of Latchways plc” on October 21, 2015. Prnewswire.com‘s article titled: “MSA Safety Incorporated to Acquire Latchways plc” and published on September 01, 2015 is yet another important article.
MSA Safety Incorporated, incorporated on February 25, 2014, is engaged in the development, manufacture and supply of products that protect people and facility infrastructures. The Company’s safety products integrate a combination of electronics, mechanical systems and materials to protect users against hazardous or life threatening situations. The Firm operates through four geographic divisions: North America, Europe, International and Corporate. The Company’s line of safety products are used by workers around the world in a range of markets, including the gas and oil, fire service, construction and mining industries. The Firm also sells products designed for specific industrial and military applications. The Company’s core products include self-contained breathing apparatus (SCBA), fixed gas and flame detection systems, portable gas detection instruments, industrial head protection, fire and rescue helmets, and fall protection devices. The Company’s clients include distributors, industrial or military end users and retail consumers.
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