Mine Safety Appliances (MSA) Reaches New 1-Year High and Low at $87.50

Mine Safety Appliances (NYSE:MSA) hit a new 52-week high and low on Tuesday . The stock traded as low as $87.50 and last traded at $87.40, with a volume of 74108 shares. The stock had previously closed at $86.27.

Several equities research analysts have weighed in on MSA shares. Zacks Investment Research raised Mine Safety Appliances from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Saturday, February 24th. TheStreet downgraded Mine Safety Appliances from an “a-” rating to a “c+” rating in a report on Tuesday, February 20th. Finally, Robert W. Baird raised Mine Safety Appliances from a “neutral” rating to an “outperform” rating and set a $89.00 price target for the company in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Mine Safety Appliances currently has an average rating of “Hold” and a consensus price target of $90.00.

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The company has a debt-to-equity ratio of 0.75, a current ratio of 2.15 and a quick ratio of 1.62. The firm has a market capitalization of $3,222.87, a price-to-earnings ratio of 22.29 and a beta of 1.45.

Mine Safety Appliances (NYSE:MSA) last issued its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.31. Mine Safety Appliances had a return on equity of 23.91% and a net margin of 2.17%. The business had revenue of $346.00 million during the quarter, compared to the consensus estimate of $326.62 million. During the same quarter last year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. research analysts anticipate that Mine Safety Appliances will post 4.25 earnings per share for the current fiscal year.

In related news, COO Nishan J. Vartanian sold 7,000 shares of Mine Safety Appliances stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $83.49, for a total transaction of $584,430.00. Following the completion of the sale, the chief operating officer now owns 25,260 shares of the company’s stock, valued at $2,108,957.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kerry M. Bove sold 2,416 shares of Mine Safety Appliances stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $83.98, for a total value of $202,895.68. Following the sale, the insider now directly owns 51,284 shares of the company’s stock, valued at approximately $4,306,830.32. The disclosure for this sale can be found here. Insiders have sold 14,942 shares of company stock valued at $1,257,437 in the last ninety days. Corporate insiders own 9.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in MSA. New York State Common Retirement Fund lifted its holdings in shares of Mine Safety Appliances by 0.9% during the third quarter. New York State Common Retirement Fund now owns 76,117 shares of the industrial products company’s stock worth $6,052,000 after purchasing an additional 705 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Mine Safety Appliances by 4.0% during the third quarter. Great West Life Assurance Co. Can now owns 19,695 shares of the industrial products company’s stock worth $1,590,000 after purchasing an additional 757 shares during the period. Legal & General Group Plc lifted its holdings in shares of Mine Safety Appliances by 17.5% during the third quarter. Legal & General Group Plc now owns 28,958 shares of the industrial products company’s stock worth $2,305,000 after purchasing an additional 4,303 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Mine Safety Appliances by 77.8% during the third quarter. JPMorgan Chase & Co. now owns 87,602 shares of the industrial products company’s stock worth $7,077,000 after purchasing an additional 38,337 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Mine Safety Appliances by 184.5% during the third quarter. Wells Fargo & Company MN now owns 119,442 shares of the industrial products company’s stock worth $9,496,000 after purchasing an additional 77,462 shares during the period. 69.54% of the stock is owned by hedge funds and other institutional investors.

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About Mine Safety Appliances

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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