Saturday, February 16, 2019

Brady’s (BRC) “Buy” Rating Reiterated at Northcoast Research

Northcoast Research reissued their buy rating on shares of Brady (NYSE:BRC) in a report released on Wednesday. Northcoast Research also issued estimates for Brady’s Q2 2019 earnings at $0.53 EPS, Q3 2019 earnings at $0.61 EPS, FY2019 earnings at $2.34 EPS, Q1 2020 earnings at $0.64 EPS, Q2 2020 earnings at $0.60 EPS, Q3 2020 earnings at $0.66 EPS and Q4 2020 earnings at $0.68 EPS.

A number of other equities analysts have also recently weighed in on the stock. SunTrust Banks reissued a hold rating and issued a $43.00 price objective on shares of Brady in a research report on Monday, November 19th. Zacks Investment Research cut shares of Brady from a buy rating to a hold rating in a research report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $44.00.

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NYSE:BRC opened at $46.99 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.72 and a quick ratio of 2.09. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.67 and a beta of 0.93. Brady has a 1-year low of $35.95 and a 1-year high of $47.36.

Brady (NYSE:BRC) last posted its quarterly earnings data on Thursday, November 15th. The industrial products company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The company had revenue of $293.20 million during the quarter, compared to analysts’ expectations of $295.67 million. Brady had a net margin of 8.15% and a return on equity of 15.01%. During the same period in the prior year, the company posted $0.49 EPS. As a group, sell-side analysts expect that Brady will post 2.28 earnings per share for the current fiscal year.

In other news, VP Russell Shaller sold 10,000 shares of the stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $43.00, for a total transaction of $430,000.00. Following the transaction, the vice president now owns 55,851 shares of the company’s stock, valued at $2,401,593. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas J. Felmer sold 31,667 shares of the stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $46.00, for a total transaction of $1,456,682.00. Following the transaction, the vice president now directly owns 72,040 shares in the company, valued at approximately $3,313,840. The disclosure for this sale can be found here. Company insiders own 15.60% of the company’s stock.

Several hedge funds have recently modified their holdings of BRC. Legal & General Group Plc raised its stake in Brady by 7.1% during the third quarter. Legal & General Group Plc now owns 111,573 shares of the industrial products company’s stock worth $4,874,000 after acquiring an additional 7,397 shares during the period. Pacer Advisors Inc. raised its stake in Brady by 125.1% during the third quarter. Pacer Advisors Inc. now owns 6,049 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 3,362 shares during the period. MetLife Investment Advisors LLC raised its stake in Brady by 55.4% during the third quarter. MetLife Investment Advisors LLC now owns 33,758 shares of the industrial products company’s stock worth $1,477,000 after acquiring an additional 12,035 shares during the period. Bank of New York Mellon Corp raised its stake in Brady by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 772,353 shares of the industrial products company’s stock worth $29,774,000 after acquiring an additional 19,475 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Brady by 17.4% during the third quarter. Victory Capital Management Inc. now owns 35,555 shares of the industrial products company’s stock worth $1,556,000 after acquiring an additional 5,272 shares during the period. 79.67% of the stock is currently owned by institutional investors and hedge funds.

Brady Company Profile

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, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems 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.

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