Shares of Brady Corporation (NYSE:BRC – Get Free Report) fell 7.6% on Monday . The stock traded as low as $82.29 and last traded at $81.8780. 57,367 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 255,175 shares. The stock had previously closed at $88.63.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on BRC. Weiss Ratings lowered Brady from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded Brady from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Brady presently has a consensus rating of “Buy”.
Check Out Our Latest Research Report on BRC
Brady Stock Down 16.2%
Brady (NYSE:BRC – Get Free Report) last released its earnings results on Monday, May 18th. The industrial products company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.15. The business had revenue of $435.24 million during the quarter, compared to analysts’ expectations of $406.07 million. Brady had a net margin of 12.93% and a return on equity of 19.01%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the business earned $1.22 earnings per share. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. Research analysts predict that Brady Corporation will post 5.25 EPS for the current year.
Brady Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. Brady’s payout ratio is 22.32%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in Brady by 112.4% during the first quarter. Bank of America Corp DE now owns 48,672 shares of the industrial products company’s stock worth $3,954,000 after acquiring an additional 25,760 shares during the period. Amundi grew its position in shares of Brady by 26.3% in the 1st quarter. Amundi now owns 9,148 shares of the industrial products company’s stock worth $743,000 after buying an additional 1,907 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Brady by 25.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,249 shares of the industrial products company’s stock valued at $101,000 after buying an additional 251 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Brady by 19.9% during the 1st quarter. California State Teachers Retirement System now owns 45,801 shares of the industrial products company’s stock valued at $3,721,000 after buying an additional 7,590 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Brady by 346.2% in the 1st quarter. Royal Bank of Canada now owns 11,120 shares of the industrial products company’s stock worth $904,000 after buying an additional 8,628 shares during the last quarter. Institutional investors own 76.28% of the company’s stock.
About Brady
Brady Corporation is a global provider of identification and safety solutions, specializing in the design, manufacture and sale of products that help businesses improve safety, security and efficiency. The company offers an array of durable labels, signs, safety devices, printing systems and software platforms tailored to a wide range of industrial and commercial environments.
Founded in 1914 by William H. Brady, Brady Corporation has grown from a regional marker manufacturer into a diversified global enterprise.
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