Stock Worth Mentioning: Could MSA Safety Incorporated Go Down After Making 52-Week High?

Stock Worth Mentioning: Could MSA Safety Incorporated Go Down After Making 52 Week High?

The stock of MSA Safety Incorporated (NYSE:MSA) hit a new 52-week high and has $80.04 target or 37.00% above today’s $58.42 share price. The 5 months bullish chart indicates low risk for the $2.08 billion company. The 1-year high was reported on Oct, 31 by Barchart.com. If the $80.04 price target is reached, the company will be worth $769.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 55,570 shares traded hands. MSA Safety Incorporated (NYSE:MSA) has risen 11.21% since March 29, 2016 and is uptrending. It has outperformed by 7.74% the S&P500.

MSA Safety Incorporated (NYSE:MSA) Ratings Coverage

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. MSA Safety Incorporated has been the topic of 6 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was downgraded by Global Hunter Securities to “Neutral” on Friday, July 24. As per Tuesday, June 14, the company rating was upgraded by Stifel Nicolaus. The firm has “Neutral” rating by Robert W. Baird given on Friday, July 22. Sidoti downgraded the shares of MSA in a report on Tuesday, April 19 to “Neutral” rating. The stock has “Outperform” rating given by Barrington Research on Friday, October 23. The firm earned “Outperform” rating on Monday, October 31 by Robert W. Baird.

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.”

Insitutional Activity: The institutional sentiment increased to 1.35 in 2016 Q2. Its up 0.01, from 1.34 in 2016Q1. The ratio is positive, 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.
The New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.04% in MSA Safety Incorporated (NYSE:MSA). Citadel Limited holds 0.01% or 105,706 shares in its portfolio. Ancora Advisors Lc has invested 0.04% of its portfolio in MSA Safety Incorporated (NYSE:MSA). Commonwealth Of Pennsylvania Public School Empls Retrmt holds 0.01% of its portfolio in MSA Safety Incorporated (NYSE:MSA) for 6,127 shares. New York State Common Retirement Fund, a New York-based fund reported 64,149 shares. Principal Fincl Group Inc accumulated 423,118 shares or 0.03% of the stock. Parametric Assoc Ltd Limited Liability Company holds 0% or 29,790 shares in its portfolio. Moreover, Stifel Corp has 0% invested in MSA Safety Incorporated (NYSE:MSA) for 8,377 shares. First Manhattan last reported 106,734 shares in the company. The Minnesota-based Thrivent Fin For Lutherans has invested 0.08% in MSA Safety Incorporated (NYSE:MSA). Product Prns Ltd Liability has 0.07% invested in the company for 18,000 shares. California Employees Retirement System last reported 62,088 shares in the company. Geode Cap Management Ltd Company accumulated 0.01% or 215,502 shares. Barrow Hanley Mewhinney & Strauss Limited Liability has invested 0.01% of its portfolio in MSA Safety Incorporated (NYSE:MSA). Moreover, State Bank Of New York Mellon Corporation has 0.02% invested in MSA Safety Incorporated (NYSE:MSA) for 999,741 shares.

Insider Transactions: Since May 6, 2016, the stock had 0 insider buys, and 4 sales for $1.44 million net activity. On Friday, May 6 the insider PEARSE DIANE M sold $61,584. 1,281 MSA Safety Incorporated (NYSE:MSA) shares with value of $61,582 were sold by SHAW L EDWARD JR. Shares for $264,936 were sold by MCCLAINE DOUGLAS K. Shares for $1.06 million were sold by LAMBERT WILLIAM M.

More notable recent MSA Safety Incorporated (NYSE:MSA) news were published by: Prnewswire.com which released: “MSA Safety Incorporated Completes Acquisition of Latchways plc” on October 21, 2015, also Prnewswire.com with their article: “MSA Safety Incorporated to Acquire Latchways plc” published on September 01, 2015, Prnewswire.com published: “MSA Declares Fourth Quarter Dividend” on October 27, 2016. More interesting news about MSA Safety Incorporated (NYSE:MSA) were released by: Prnewswire.com and their article: “MSA Wins ‘Best in Show’ at National Safety Council Conference” published on October 25, 2016 as well as Prnewswire.com‘s news article titled: “MSA Establishes New Holding Company Structure Under the Name MSA Safety …” with publication date: March 03, 2014.

MSA Company Profile

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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