MSC Industrial Direct Co., Inc (NYSE: MSM) is 10.64% higher on its value in year-to-date trading and has touched a low of $72.79 and a high of $104.76 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MSM stock was last observed hovering at around $79.86 in the last trading session, with the day’s gains setting it 2.78%.
Currently trading at $82.64, the stock is 4.79% and 0.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing 3.48% at the moment leaves the stock -2.16% off its SMA200. MSM registered -13.57% loss for a year compared to 6-month gain of 8.68%. The firm has a 50-day simple moving average (SMA 50) of $82.1784 and a 200-day simple moving average (SMA200) of $84.4629.
The stock witnessed a -0.59% loss in the last 1 month and extending the period to 3 months gives it a 3.04%, and is 10.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.45% over the week and 2.63% over the month.
MSC Industrial Direct Co., Inc (MSM) has around 7423 employees, a market worth around $4.62B and $3.80B in sales. Current P/E ratio is 19.73 and Fwd P/E is 20.67. Profit margin for the company is 6.21%. Distance from 52-week low is 13.53% and -21.11% from its 52-week high. The company has generated returns on investments over the last 12 months (13.88%).
The EPS is expected to shrink by -26.59% this year
551.0 institutions hold shares in MSC Industrial Direct Co., Inc (MSM), with institutional investors hold 105.26% of the company’s shares. The shares outstanding are 55.88M, and float is at 43.72M with Short Float at 8.18%. Institutions hold 83.22% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.49 million shares valued at $435.61 million. The investor’s holdings represent 9.7707 of the MSM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.61 million shares valued at $365.27 million to account for 8.1929 of the shares outstanding. The other top investors are AMERICAN CENTURY COMPANIES INC which holds 2.73 million shares representing 4.8622 and valued at over $216.77 million, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.585 of the shares totaling 1.45 million with a market value of $115.25 million.
MSC Industrial Direct Co., Inc (MSM) Insider Activity
The most recent transaction is an insider sale by PELLER PHILIP, the company’s Director. SEC filings show that PELLER PHILIP sold 900 shares of the company’s common stock on Nov 13 ’24 at a price of $89.07 per share for a total of $80164.0. Following the sale, the insider now owns 4044.0 shares.
Still, SEC filings show that on Nov 11 ’24, GERSHWIND ERIK (Chief Executive Officer) disposed off 50,000 shares at an average price of $90.36 for $4.52 million. The insider now directly holds 1,402,849 shares of MSC Industrial Direct Co., Inc (MSM).
