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

Brady Corporation (NYSE:BRC)’s share price was down 7.6% during mid-day trading on Monday . The stock traded as low as $82.29 and last traded at $81.8780. Approximately 57,367 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 255,175 shares. The stock had previously closed at $88.63.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BRC shares. Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Weiss Ratings cut Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Brady currently has an average rating of “Buy”.

Brady Stock Performance

The company has a quick ratio of 1.36, a current ratio of 2.01 and a debt-to-equity ratio of 0.02. The business has a 50 day simple moving average of $82.64 and a two-hundred day simple moving average of $83.87. The firm has a market cap of $3.51 billion, a PE ratio of 17.05 and a beta of 0.62.

Brady (NYSE:BRC) last announced its quarterly earnings results on Monday, May 18th. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.35 by $0.15. The firm had revenue of $435.24 million for the quarter, compared to analyst estimates of $406.07 million. Brady had a return on equity of 19.01% and a net margin of 12.93%.The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 earnings per share. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. As a group, equities research analysts forecast that Brady Corporation will post 5.25 earnings per share for the current fiscal year.

Brady Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors 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

A number of large investors have recently bought and sold shares of the stock. First Trust Advisors LP lifted its holdings in Brady by 2.9% in the first quarter. First Trust Advisors LP now owns 1,668,027 shares of the industrial products company’s stock valued at $135,511,000 after acquiring an additional 47,096 shares during the period. State Street Corp increased its position in shares of Brady by 1.7% in the fourth quarter. State Street Corp now owns 1,524,384 shares of the industrial products company’s stock valued at $119,466,000 after buying an additional 26,151 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Brady by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,461,632 shares of the industrial products company’s stock worth $114,551,000 after buying an additional 8,125 shares during the period. Franklin Resources Inc. raised its stake in shares of Brady by 267.8% during the 4th quarter. Franklin Resources Inc. now owns 1,188,189 shares of the industrial products company’s stock worth $93,118,000 after buying an additional 865,131 shares during the period. Finally, Royce & Associates LP raised its stake in shares of Brady by 9.8% during the 4th quarter. Royce & Associates LP now owns 740,635 shares of the industrial products company’s stock worth $58,044,000 after buying an additional 66,387 shares during the period. 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.