Brady (NYSE:BRC) Hits New 52-Week High at $73.17

Brady Co. (NYSE:BRC) shares hit a new 52-week high on Thursday . The company traded as high as $73.17 and last traded at $72.14, with a volume of 32654 shares trading hands. The stock had previously closed at $72.47.

Brady Price Performance

The company has a market capitalization of $3.46 billion, a PE ratio of 18.61, a P/E/G ratio of 2.12 and a beta of 0.77. The company’s 50-day simple moving average is $68.35 and its 200-day simple moving average is $63.47. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.45 and a current ratio of 2.06.

Brady (NYSE:BRC) last posted its quarterly earnings results on Wednesday, May 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The business had revenue of $343.40 million for the quarter, compared to analysts’ expectations of $339.80 million. Brady had a net margin of 14.22% and a return on equity of 19.61%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 EPS. As a group, sell-side analysts anticipate that Brady Co. will post 4.13 earnings per share for the current year.

Hedge Funds Weigh In On Brady

Institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates grew its stake in shares of Brady by 0.3% during the 2nd quarter. Raymond James & Associates now owns 46,010 shares of the industrial products company’s stock valued at $3,038,000 after buying an additional 144 shares during the period. Andina Capital Management LLC raised its position in shares of Brady by 3.2% in the 2nd quarter. Andina Capital Management LLC now owns 5,531 shares of the industrial products company’s stock valued at $365,000 after purchasing an additional 169 shares in the last quarter. Arizona State Retirement System grew its position in shares of Brady by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,540 shares of the industrial products company’s stock worth $828,000 after acquiring an additional 230 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Brady by 2.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 12,729 shares of the industrial products company’s stock worth $840,000 after purchasing an additional 251 shares during the period. Finally, Quarry LP lifted its holdings in Brady by 36.1% in the second quarter. Quarry LP now owns 962 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 255 shares during the last quarter. 76.28% 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 company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.