Insider Selling: Brady Corp Insider Sells 20,000 Shares of Stock (BRC)
Brady Corp (NYSE:BRC) Insider Stephen Millar unloaded 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $29.32, for a total transaction of $586,400.00. Following the completion of the transaction, the insider now directly owns 14,476 shares in the company, valued at approximately $424,436. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Brady Corp (NYSE:BRC) traded down 0.10% during mid-day trading on Thursday, hitting $29.28. The stock had a trading volume of 177,604 shares. Brady Corp has a 1-year low of $24.07 and a 1-year high of $35.68. The stock’s 50-day moving average is $27.13 and its 200-day moving average is $27.70. The company’s market cap is $1.499 billion.
Brady Corp (NYSE:BRC) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $309.60 million for the quarter, compared to the consensus estimate of $301.62 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that Brady Corp will post $1.60 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Tuesday, July 8th.
Several analysts have recently commented on the stock. Analysts at Bank of America upgraded shares of Brady Corp from an “underperform” rating to a “buy” rating in a research note on Friday, June 13th. They now have a $33.00 price target on the stock, up previously from $29.00. Separately, analysts at Zacks upgraded shares of Brady Corp from an “underperform” rating to a “neutral” rating in a research note on Monday, April 28th. They now have a $26.50 price target on the stock. Finally, analysts at Edison Investment Research reiterated a “positive” rating on shares of Brady Corp in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $30.90.
Brady Corporation (NYSE:BRC) is an international manufacturer of identification solutions and specialty materials that identify and protect premises, products and people.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.