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Brady (NYSE:BRC - Get Rating) updated its FY 2023 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.30-$3.60 for the period, compared to the consensus estimate of $3.58. The company issued revenue guidance of -. Brady also updated its FY23 guidance to $3.30-3.60 EPS.Brady Trading Down 1.5 %
Shares of BRC stock traded down $0.68 during trading hours on Thursday, reaching $45.86. 2,869 shares of the stock were exchanged, compared to its average volume of 240,851. Brady has a 12-month low of $41.69 and a 12-month high of $56.39. The company has a current ratio of 1.97, a quick ratio of 1.24 and a debt-to-equity ratio of 0.08. The company's 50-day moving average price is $47.39 and its 200-day moving average price is $46.47. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.98 and a beta of 0.74. Insider Buying and Selling at Brady
In other Brady news, Director Frank W. Harris sold 1,000 shares of the business's stock in a transaction dated 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 directly owns 20,441 shares of the company's stock, valued at approximately $983,212.10. The transaction was disclosed in a filing with the SEC, which is available through this link. 15.60% of the stock is owned by corporate insiders. Institutional Investors Weigh In On Brady
Large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC boosted 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 buying an additional 281 shares during the period. Point72 Hong Kong Ltd boosted its position in Brady by 740.0% in the 1st quarter. Point72 Hong Kong Ltd now owns 2,814 shares of the industrial products company's stock valued at $130,000 after buying an additional 2,479 shares during the period. Captrust Financial Advisors raised its holdings in shares of Brady by 55.8% in the 1st quarter. Captrust Financial Advisors now owns 3,372 shares of the industrial products company's stock valued at $156,000 after purchasing an additional 1,208 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Brady in the 2nd quarter valued at about $302,000. Finally, Jane Street Group LLC bought a new stake in shares of Brady in the 1st quarter valued at about $341,000. 78.22% of the stock is owned by hedge funds and other 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.Read MoreGet a free copy of the StockNews.com research report on Brady (BRC)How will the chip ban affect Nvidia's stock?Is Best Buy A Sneaky Buy for Q4?Does The Bed Bath and Beyond Stock Rally Still Have Legs?Can Alibaba And Baidu Finally Rally With Delisting Fears Gone? Is World Wresting Entertainment Getting Ready to Be Sold?
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