MSA Safety Incorporated (MSA) Stock Price & Analysis
MSA Safety Incorporated (MSA) closed at USD 184.44 on Thursday, October 22, 2026, up 0.60% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 183.34; the Oct 22, 2026 session ranged USD 179.26–184.46 on volume of 219,278 shares. Market capitalization is $7.12B, with a 52-week range of USD 151.11–208.92 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:10 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MSA.md
Key facts (MSA)
- Last four reported quarters (through Jun 30, 2026): revenue $1.95B, net income $314M (16.1% margin), free cash flow $354M (SEC filings).
- Valuation: P/E 22.7x (avg 53.1x at the last 3 fiscal year-ends), EV/EBITDA 15.4x, net debt $400M.
- 3 of 80 tracked superinvestors hold MSA (13F, Q2 2026): 1 new, 0 added, 1 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $4.0M; 2 not under a Rule 10b5-1 plan ($4.0M); 2 by opportunistic insiders (2 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $71K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.71 on a 1–5 scale) (7 analysts), mean target USD 208.17 (range 190–223).
- Total return with dividends: 1Y +11.9% vs S&P 500 +14.9%; 5Y +26.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 2.09, revenue estimate $528M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MSA)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.40B | $1.53B | $1.79B | $1.81B | $1.87B | $1.95B |
| Gross profit | $615M | $674M | $852M | $860M | $871M | — |
| Operating income | $22.8M | $239M | $231M | $389M | $372M | $413M |
| Net income | $21.3M | $180M | $58.6M | $285M | $279M | $314M |
| EPS (diluted) | $0.54 | $4.56 | $1.48 | $7.21 | $7.09 | — |
| Free cash flow | $155M | $115M | $50.1M | $242M | $295M | $354M |
| Gross margin | 43.9% | 44.1% | 47.7% | 47.6% | 46.5% | — |
| Operating margin | 1.6% | 15.7% | 12.9% | 21.5% | 19.8% | 21.2% |
| Net margin | 1.5% | 11.8% | 3.3% | 15.8% | 14.9% | 16.1% |
| Revenue growth | +3.9% | +9.1% | +17.0% | +1.1% | +3.7% | — |
| Cash + short-term investments | $141M | $163M | $146M | $165M | $165M | — |
| Total debt | $598M | $573M | $602M | $508M | $581M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MSA)
P/E 22.7x · P/S 3.7x · EV/EBITDA 15.4x · EV/Sales 3.9x · P/FCF 20.1x · P/B 5.1x · FCF yield 4.98% · Earnings yield 4.41% · Dividend yield (paid, TTM) 1.16% · Net debt $400M · EV $7.52B
P/E at fiscal year-ends: Dec 2025 22.6x, Dec 2024 23.0x, Dec 2023 113.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (MSA)
3 of 80 tracked investors hold MSA. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Ruane Cunniff | Ruane Cunniff LP | 4.68% | $301M | Reduced -3.1% |
| Francois Rochon | Giverny Capital | 0.98% | $29.0M | New position |
| Mairs & Power | Mairs & Power Funds | <0.01% | $257K | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (MSA)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-07 | Vartanian Nishan J. | Director | 20,000 | $3.9M | 28% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-04 | Buck Jonathan D. | Chief Accounting Officer | 469 | $90K | 11% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (MSA)
1 purchase, $71K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-06-11 | Beck Julie A | Chief Financial Officer | 448 | $71K | 158.69 | Too little history (no open-market trades in 2023–2025) |
Analysts (MSA)
Consensus Hold (mean 2.71 on a 1–5 scale), 7 analysts; mean target USD 208.17 (low 190, high 223).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-03 | JP Morgan | Target raised | Neutral | $210 → $220 |
| 2026-08-03 | Baird | Target raised | Neutral | $197 → $215 |
Total return (dividends reinvested) (MSA)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +11.9% | +26.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +12.0% | +4.8% |
| Volatility (annualized) | 25.4% | 24.8% |
| Max drawdown | -22.6% (Feb 2026→Jun 2026) | -30.3% (Apr 2024→Mar 2025) |
MSA revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Americas | $341.5M | 67.8% | +6.7% |
| International | $161.9M | 32.2% | +5.1% |
| Total revenue | $503.3M | 100% | — |
MSA revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Detection | $201.4M | 40.0% | +3.9% |
| Fire Service | $161.9M | 32.2% | -0.9% |
| Industrial PPE And Other | $140.1M | 27.8% | +19.7% |
| Total revenue | $503.3M | 100% | — |
MSA revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $943.4M | 50.3% | -1.2% |
| Non Us | $931.5M | 49.7% | +9.2% |
| Total revenue | $1.87B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MSA analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.09 | $2.15 | -3.0% | $528.4M | 7 |
| Next quarter (ends Dec 2026) | $2.61 | $2.62 | -0.3% | $588.9M | 7 |
| Current fiscal year (ends Dec 2026) | $9.07 | $8.88 | +2.1% | $2.08B | 7 |
| Next fiscal year (ends Dec 2027) | $9.93 | $9.70 | +2.4% | $2.27B | 7 |
MSA options: expected move
Options price a move of about ±6.3% (±$11.65) by Nov 20, 2026, which includes earnings on Nov 2, 2026. Over the last 8 reports the stock moved ±3.1% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 27.9% | ±6.3% |
| Dec 18, 2026 | 56 | 25.4% | ±8.0% |
| Mar 19, 2027 | 147 | 24.3% | ±12.3% |
| Jun 17, 2027 | 237 | 24.5% | ±15.7% |
30-day implied volatility 25% vs 16.1% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:10 UTC)
| Price | USD 184.44 |
|---|---|
| Change | ▲ 0.60% (up) |
| Previous Close | USD 183.34 |
| Open | USD 181.77 |
| Day Range | USD 179.26 – 184.46 |
| 52-Week Range | USD 151.11 – 208.92 |
| Volume | 219,278 shares |
| Market Cap | $7.12B |
| Exchange | NYQ |
Technical Analysis (MSA)
Nexqual's technical model rates MSA "BUY" based on 4 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:10 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 53.66 (neutral) |
| vs SMA50 | Above (USD 183.82) |
| MACD | -0.04 (negative) |
Analyst Ratings (MSA)
Wall Street analysts rate MSA "Hold" based on 7 analysts, with a mean price target of USD 208.17 (range USD 190–223), per Nexqual as of October 23, 2026 at 09:10 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 7 |
| Mean Target | USD 208.17 |
| High Target | USD 223 |
| Low Target | USD 190 |
| Buy / Hold / Sell | 2 / 5 / 0 |
Earnings (MSA)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD 2.09 |
| Revenue Estimate | $528.44M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.4 vs est 2.14 ▲ beat |
| 2026-03-31 | USD 1.99 vs est 1.83 ▲ beat |
| 2025-12-31 | USD 2.38 vs est 2.26 ▲ beat |
| 2025-09-30 | USD 1.94 vs est 1.87 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:10 UTC.
Financials & Fundamentals (MSA)
| Total Revenue | $1.95B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +6.20% |
| Gross Margin | +47.57% |
| Operating Margin | +24.59% |
| Profit Margin | +16.13% |
| ROE | +23.66% |
| Debt / Equity | 0.46 |
| Current Ratio | 3.24 |
| Total Cash | $200.06M |
| Total Debt | $643.51M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $354.30M (18.2% of revenue) |
Source: Nexqual, October 23, 2026 at 09:10 UTC.
Financial Health Score (MSA)
Nexqual rates MSA Safety Incorporated's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:10 UTC.
| Growth | Mixed — Revenue +3.7% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 48%, operating 25% (last 12 months) |
| Balance Sheet | Strong — $200M cash and investments vs $600M debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $354M (last 4 quarters to Jun 2026, SEC), 18% margin |
| Efficiency | Strong — ROE 24%, ROA 11.1% |
Ownership (MSA)
| Insider Ownership | +6.06% |
|---|---|
| Institutional Ownership | +95.58% |
| Shares Outstanding | 38.58M |
| Float | 36.21M |
| Short % of Float | +2.71% |
Source: Nexqual, October 23, 2026 at 09:10 UTC.
Leadership (MSA)
MSA Safety Incorporated is led by Steven C. Blanco, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:10 UTC.
| President, CEO & Director | Steven C. Blanco |
|---|---|
| Senior VP & President of MSA Americas | Stephanie L. Sciullo |
| Executive Director of Financial Planning & Analysis and Strategy | Elyse L. Brody |
| Executive Director of Corporate Development | Chris Hepler |
| Senior VP & President of EMEA Business | Jose M. Sanchez |
Major Backers & Investors (MSA)
Notable institutional backers of MSA Safety Incorporated include Ruane, Cunniff & Goldfarb L.P., JPMorgan, Fiduciary Management, Inc., according to Nexqual as of October 23, 2026 at 09:10 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Ruane, Cunniff & Goldfarb L.P. | 4.46% |
| JPMorgan | 2.07% |
| Fiduciary Management, Inc. | 1.85% |
| M&G Plc | 1.79% |
| SEQUOIA FUND INC | 1.74% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 9.17% |
| BlackRock | 8.64% |
| State Street | 4.22% |
| Dimensional Fund Advisors | 2.01% |
| Geode Capital | 1.79% |
Source: Nexqual, October 23, 2026 at 09:10 UTC.
From MSA Safety Incorporated's Latest SEC 10-K Filing (filed 2026-02-12)
Key Strengths & Strategy (as disclosed to the SEC)
- We dedicate significant resources to research and development, which allows us to produce innovative safety products and solutions that are often first to market and usually protected by intellectual property.
- The MBS is our approach to working at our best - at our most efficient and most empowered.
- As part of our differentiated development process, we embed ourselves with our customers to deeply understand their processes, pain points and desired outcomes.
- We believe our dedication and commitment to innovation and research and development allows us to produce state-of-the-art safety products and solutions that are often first to market and exceed industry standards.
Legal & Regulatory Risks (Item 1A, quoted)
- Claims of injuries or potential safety issues or quality concerns could be made against our various subsidiaries.
- Our subsidiaries may experience losses from product liability claims, which could have a material adverse effect on our business, operating results, financial condition and liquidity.
- Our ability to market and sell our products and solutions is subject to existing government laws, regulations and standards. Changes in such laws, regulations and standards or our failure to comply with them could materially and adversely affect our results of operations.
- We are subject to various federal, state and local laws and regulations across our global organization and any violation of these laws or regulations could adversely affect our results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:10 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt