Mine Safety Appliances (NYSE:MSA)’s share price hit a new 52-week high and low during trading on Tuesday . The stock traded as low as $87.50 and last traded at $87.40, with a volume of 74108 shares trading hands. The stock had previously closed at $86.27.
Several equities analysts have recently commented on the company. Robert W. Baird upgraded Mine Safety Appliances from a “neutral” rating to an “outperform” rating and set a $89.00 price target on the stock in a research note on Thursday, February 22nd. TheStreet lowered Mine Safety Appliances from an “a-” rating to a “c+” rating in a research note on Tuesday, February 20th. Finally, Zacks Investment Research upgraded Mine Safety Appliances from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Saturday, February 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $90.00.
The company has a market cap of $3,222.87, a P/E ratio of 22.29 and a beta of 1.45. The company has a quick ratio of 1.62, a current ratio of 2.15 and a debt-to-equity ratio of 0.75.
Mine Safety Appliances (NYSE:MSA) last issued its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $346.00 million for 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 firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. analysts forecast that Mine Safety Appliances will post 4.25 earnings per share for the current fiscal year.
In related news, insider Kerry M. Bove sold 2,416 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $83.98, for a total transaction of $202,895.68. Following the sale, the insider now owns 51,284 shares of the company’s stock, valued at $4,306,830.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kenneth D. Krause sold 1,250 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $84.50, for a total value of $105,625.00. Following the sale, the chief financial officer now directly owns 22,235 shares in the company, valued at approximately $1,878,857.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,942 shares of company stock worth $1,257,437. 9.90% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Sit Investment Associates Inc. boosted its position in Mine Safety Appliances 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 purchasing an additional 4,600 shares in the last quarter. Wells Fargo & Company MN boosted its position in 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 valued at $9,496,000 after purchasing an additional 77,462 shares in the last quarter. Bristol County Savings Bank bought a new stake in Mine Safety Appliances during the fourth quarter valued at about $327,000. Swiss National Bank boosted its position in Mine Safety Appliances by 3.9% during the fourth quarter. Swiss National Bank now owns 58,600 shares of the industrial products company’s stock valued at $4,543,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Mine Safety Appliances by 315.4% in the fourth quarter. Teacher Retirement System of Texas now owns 11,688 shares of the industrial products company’s stock worth $906,000 after acquiring an additional 8,874 shares in the last quarter. 69.54% of the stock is currently owned by 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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