Brady Co. (NYSE:BRC) Short Interest Up 26.8% in July | MarketBeat

2022-08-13 12:07:22 By : Ms. Nicole Wang

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Brady Co. (NYSE:BRC - Get Rating) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 1,140,000 shares, an increase of 26.8% from the July 15th total of 898,800 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 226,100 shares, the days-to-cover ratio is currently 5.0 days. Brady Trading Up 1.8 %

NYSE:BRC opened at $49.85 on Friday. Brady has a 52 week low of $41.69 and a 52 week high of $56.39. The firm's fifty day moving average is $46.69 and its 200-day moving average is $46.62. The firm has a market cap of $2.50 billion, a P/E ratio of 18.95, a P/E/G ratio of 2.03 and a beta of 0.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.24 and a current ratio of 1.97.

Brady (NYSE:BRC - Get Rating) last announced its earnings results on Thursday, May 26th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. Brady had a return on equity of 16.38% and a net margin of 10.66%. The company had revenue of $338.60 million for the quarter, compared to analyst estimates of $333.91 million. During the same quarter in the prior year, the company earned $0.71 EPS. The firm's revenue for the quarter was up 14.6% compared to the same quarter last year. Equities analysts expect that Brady will post 3.1 earnings per share for the current year. Brady Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 8th were issued a dividend of $0.225 per share. The ex-dividend date was Thursday, July 7th. This represents a $0.90 annualized dividend and a dividend yield of 1.81%. Brady's dividend payout ratio is currently 34.22%. Insider Buying and Selling

In other Brady news, Director Frank W. Harris sold 1,000 shares of Brady stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $48.10, for a total value of $48,100.00. Following the transaction, the director now owns 20,441 shares in the company, valued at $983,212.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Elizabeth P. Bruno sold 4,250 shares of the firm's stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $48.32, for a total transaction of $205,360.00. Following the completion of the transaction, the director now directly owns 356,340 shares in the company, valued at $17,218,348.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank W. Harris sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $48.10, for a total value of $48,100.00. Following the completion of the sale, the director now owns 20,441 shares in the company, valued at $983,212.10. The disclosure for this sale can be found here. 15.60% of the stock is owned by corporate insiders. Institutional Trading of Brady

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System increased its holdings in shares of Brady by 1.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 19,346 shares of the industrial products company's stock valued at $1,043,000 after acquiring an additional 253 shares in the last quarter. ARK Investment Management LLC raised its holdings in shares of Brady by 7.1% in the 1st quarter. ARK Investment Management LLC now owns 3,892 shares of the industrial products company's stock worth $180,000 after acquiring an additional 257 shares during the last quarter. Lazard Asset Management LLC lifted its position in Brady by 14.4% in the 1st quarter. Lazard Asset Management LLC now owns 2,232 shares of the industrial products company's stock valued at $103,000 after acquiring an additional 281 shares in the last quarter. Everence Capital Management Inc. boosted its position in shares of Brady by 1.6% during the first quarter. Everence Capital Management Inc. now owns 19,830 shares of the industrial products company's stock valued at $918,000 after buying an additional 320 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in Brady by 4.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 6,959 shares of the industrial products company's stock worth $322,000 after acquiring an additional 328 shares during the last quarter. 78.70% of the stock is owned by institutional investors. About Brady (Get Rating)

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The IDS segment offers safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials, printing systems, RFID and bar code scanners for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.Featured ArticlesGet a free copy of the StockNews.com research report on Brady (BRC)2 Important Retail Stock Battles to WatchMarketBeat: Week in Review 8/8 - 8/12What Is WallStreetBets and What Stocks Are They Targeting?Institutions And Analysts Propel Jack In The Box Higher Can You Guess Which EV Stock Is Beating Tesla ?

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