Brady (NYSE:BRC) Shares Down 7.6% – Here’s What Happened

Brady Corporation (NYSE:BRC) fell 7.6% during mid-day trading on Monday . The company traded as low as $82.29 and last traded at $81.8780. 57,367 shares traded hands during trading, a decline of 78% from the average session volume of 255,175 shares. The stock had previously closed at $88.63.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BRC. Sidoti upgraded shares of 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. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings lowered shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $103.00.

Brady Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.01. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 17.34 and a beta of 0.62. The company’s fifty day moving average is $82.42 and its two-hundred day moving average is $83.87.

Brady (NYSE:BRC) last posted 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. Brady had a net margin of 12.93% and a return on equity of 19.01%. The business had revenue of $435.24 million for the quarter, compared to analyst estimates of $406.07 million. During the same quarter in the previous year, the business posted $1.22 EPS. The business’s quarterly revenue was up 13.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. Equities research analysts forecast that Brady Corporation will post 5.25 EPS for the current year.

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.98 annualized dividend and a yield of 1.3%. Brady’s payout ratio is 22.32%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BRC. Flagship Harbor Advisors LLC acquired a new position in shares of Brady in the 4th quarter valued at about $25,000. Richardson Financial Services Inc. boosted its stake in Brady by 72.1% during the 4th quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 163 shares during the period. Advisory Services Network LLC acquired a new position in Brady during the 3rd quarter valued at about $31,000. Global Retirement Partners LLC boosted its stake in Brady by 42.4% during the 4th quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 134 shares during the period. Finally, Leonteq Securities AG acquired a new position in Brady during the 1st quarter valued at about $40,000. 76.28% of the stock is owned by institutional investors and hedge funds.

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.