Fintel reports that on June 12, 2023, William Blair upgraded their outlook for MSA Safety (NYSE:MSA) from Market Perform to Outperform .
Analyst Price Forecast Suggests 4.55% Upside
As of June 1, 2023, the average one-year price target for MSA Safety is 161.16. The forecasts range from a low of 149.48 to a high of $176.40. The average price target represents an increase of 4.55% from its latest reported closing price of 154.15.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for MSA Safety is 1,630MM, an increase of 2.16%. The projected annual non-GAAP EPS is 6.10.
MSA Safety Declares $0.47 Dividend
On May 2, 2023 the company declared a regular quarterly dividend of $0.47 per share ($1.88 annualized). Shareholders of record as of May 16, 2023 received the payment on June 10, 2023. Previously, the company paid $0.46 per share.
At the current share price of $154.15 / share, the stock's dividend yield is 1.22%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.37%, the lowest has been 1.00%, and the highest has been 1.93%. The standard deviation of yields is 0.18 (n=237).
The current dividend yield is 0.83 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is -11.87. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.10%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 612 funds or institutions reporting positions in MSA Safety. This is a decrease of 5 owner(s) or 0.81% in the last quarter. Average portfolio weight of all funds dedicated to MSA is 0.16%, a decrease of 11.14%. Total shares owned by institutions decreased in the last three months by 1.32% to 34,945K shares. 
The put/call ratio of MSA is 3.10, indicating a bearish outlook.
What are Other Shareholders Doing?
APG Asset Management N.V. holds 4,266K shares representing 10.86% ownership of the company. No change in the last quarter.
Jpmorgan Chase holds 1,913K shares representing 4.87% ownership of the company. In it's prior filing, the firm reported owning 1,841K shares, representing an increase of 3.78%. The firm decreased its portfolio allocation in MSA by 11.09% over the last quarter.
Ubs Asset Management Americas holds 1,346K shares representing 3.43% ownership of the company. In it's prior filing, the firm reported owning 1,317K shares, representing an increase of 2.17%. The firm decreased its portfolio allocation in MSA by 12.57% over the last quarter.
Champlain Investment Partners holds 1,262K shares representing 3.21% ownership of the company. In it's prior filing, the firm reported owning 1,318K shares, representing a decrease of 4.45%. The firm increased its portfolio allocation in MSA by 86,918.19% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,151K shares representing 2.93% ownership of the company. In it's prior filing, the firm reported owning 1,132K shares, representing an increase of 1.60%. The firm decreased its portfolio allocation in MSA by 13.12% over the last quarter.
MSA Safety Background Information
(This description is provided by the company.)
Established in 1914, MSA Safety Incorporated is the global leader in the development, manufacture and supply of safety products that protect people and facility infrastructures. Many MSA products integrate a combination of electronics, mechanical systems and advanced materials to protect users against hazardous or life-threatening situations. The company's comprehensive product line is used by workers around the world in a broad range of markets, including the oil, gas and petrochemical industry, the fire service, the construction industry, mining and the military. MSA's core products include self-contained breathing apparatus, fixed gas and flame detection systems, portable gas detection instruments, industrial head protection products, firefighter helmets and protective apparel, and fall protection devices. With 2020 revenues of $1.35 billion, MSA employs approximately 5,000 people worldwide. The company is headquartered north of Pittsburgh in Cranberry Township, Pa., and has manufacturing operations in the United States, Europe, Asia and Latin America. With more than 40 international locations, MSA realizes approximately half of its revenue from outside North America.
Key filings for this company:
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
