Brady Corporation (NYSE:BRC) Short Interest Update

Brady Corporation (NYSE:BRC) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 896,851 shares, a growth of 65.8% from the April 30th total of 540,834 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 323,541 shares, the days-to-cover ratio is presently 2.8 days.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings downgraded Brady from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded Brady from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Brady presently has an average rating of “Buy”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC purchased a new position in shares of Brady in the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. grew its stake in shares of Brady by 72.1% in 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 last quarter. Advisory Services Network LLC purchased a new position in shares of Brady in the 3rd quarter valued at approximately $31,000. Global Retirement Partners LLC grew its stake in shares of 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 purchasing an additional 134 shares during the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Brady in the 1st quarter valued at approximately $40,000. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Trading Up 0.7%

NYSE:BRC opened at $88.79 on Friday. The stock’s 50 day moving average price is $82.53 and its 200 day moving average price is $83.76. Brady has a 52-week low of $65.76 and a 52-week high of $99.29. The company has a market capitalization of $4.18 billion, a PE ratio of 20.22 and a beta of 0.62. The company has a quick ratio of 1.36, a current ratio of 2.01 and a debt-to-equity ratio of 0.02.

Brady (NYSE:BRC) last announced 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 return on equity of 19.01% and a net margin of 12.93%.The company had revenue of $435.24 million for the quarter, compared to the consensus estimate of $406.07 million. During the same period last year, the business posted $1.22 EPS. The company’s revenue was up 13.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. On average, research analysts anticipate that Brady will post 5.25 EPS for the current year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be paid a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, July 10th. Brady’s dividend payout ratio (DPR) is 22.32%.

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.