Brady Corp. (BRC) Hits New 1-Year High at $33.62
Brady Corp. (NYSE:BRC)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $33.62 and last traded at $33.43, with a volume of 46,962 shares. The stock had previously closed at $33.19.
Separately, Zacks Investment Research cut Brady Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $43.60.
The firm has a market capitalization of $1.69 billion and a P/E ratio of 109.67. The stock’s 50-day moving average price is $32.31 and its 200-day moving average price is $29.03.
In other Brady Corp. news, Director Frank W. Harris sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $31.86, for a total transaction of $95,580.00. Following the completion of the transaction, the director now owns 30,304 shares of the company’s stock, valued at $965,485.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul Meyer sold 9,851 shares of the stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $32.42, for a total value of $319,369.42. Following the transaction, the vice president now directly owns 3,356 shares of the company’s stock, valued at approximately $108,801.52. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Brady Corp. stock. New York State Common Retirement Fund boosted its position in shares of Brady Corp. (NYSE:BRC) by 25.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,753 shares of the company’s stock after buying an additional 22,708 shares during the period. New York State Common Retirement Fund owned approximately 0.22% of Brady Corp. worth $2,591,000 at the end of the most recent reporting period.
Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products that are manufactured under various brands, including the Brady brand, and are primarily sold through distribution to a range of maintenance, repair and operations (MRO) and original equipment manufacturing (OEM) customers, and through other channels, including direct sales, catalog marketing and digital.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.