Brady Corporation (NYSE:BRC – Get Free Report) CEO Vineet Nargolwala purchased 13,011 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were bought at an average price of $76.86 per share, for a total transaction of $1,000,025.46. Following the purchase, the chief executive officer directly owned 52,709 shares in the company, valued at $4,051,213.74. This represents a 32.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Brady Stock Performance
Shares of NYSE BRC traded up $0.99 during trading on Thursday, reaching $78.86. 183,034 shares of the company traded hands, compared to its average volume of 281,052. Brady Corporation has a 12-month low of $65.76 and a 12-month high of $99.29. The company has a current ratio of 2.01, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. The stock has a market cap of $3.72 billion, a P/E ratio of 17.96 and a beta of 0.62. The firm’s fifty day simple moving average is $82.37 and its 200 day simple moving average is $83.87.
Brady (NYSE:BRC – Get Free Report) last posted its quarterly earnings data on Monday, May 18th. The industrial products company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. Brady had a return on equity of 19.01% and a net margin of 12.93%.The business had revenue of $435.24 million during the quarter, compared to analysts’ expectations of $406.07 million. During the same period in the previous year, the business earned $1.22 earnings per share. The business’s revenue was up 13.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. As a group, research analysts anticipate that Brady Corporation will post 5.25 earnings per share for the current fiscal year.
Brady Announces Dividend
Wall Street Analysts Forecast Growth
BRC has been the subject of a number of recent research reports. Wall Street Zen upgraded Brady from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Sidoti raised Brady from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Tuesday. Finally, Weiss Ratings cut Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $103.00.
View Our Latest Stock Analysis on BRC
Institutional Trading of Brady
Several hedge funds have recently made changes to their positions in BRC. Flagship Harbor Advisors LLC acquired a new stake in Brady in the 4th quarter valued at about $25,000. Richardson Financial Services Inc. increased its stake in shares of Brady by 72.1% during the 4th quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 163 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Brady during the 3rd quarter worth approximately $31,000. Global Retirement Partners LLC lifted its stake in Brady by 42.4% in the 4th quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock valued at $35,000 after buying an additional 134 shares in the last quarter. Finally, Leonteq Securities AG acquired a new stake in Brady during the 1st quarter valued at $40,000. Institutional investors and hedge funds 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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