Brady Corporation (BRC) Stake Increased by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can raised its stake in Brady Corporation (NYSE:BRC) by 4.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,360 shares of the industrial products company’s stock after buying an additional 2,900 shares during the period. Great West Life Assurance Co. Can owned approximately 0.14% of Brady Corporation worth $2,382,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in Brady Corporation by 6.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 308,143 shares of the industrial products company’s stock valued at $11,910,000 after buying an additional 19,746 shares during the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of Brady Corporation by 3.1% in the first quarter. Frontier Capital Management Co. LLC now owns 456,572 shares of the industrial products company’s stock worth $17,647,000 after buying an additional 13,580 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Brady Corporation during the first quarter worth approximately $655,000. TIAA CREF Investment Management LLC boosted its position in shares of Brady Corporation by 6.4% in the first quarter. TIAA CREF Investment Management LLC now owns 205,103 shares of the industrial products company’s stock worth $7,927,000 after buying an additional 12,329 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Brady Corporation by 84,523.4% in the first quarter. BlackRock Inc. now owns 5,658,766 shares of the industrial products company’s stock worth $218,711,000 after buying an additional 5,652,079 shares during the last quarter. Hedge funds and other institutional investors own 74.88% of the company’s stock.
Brady Corporation (BRC) opened at 32.65 on Thursday. The company has a market capitalization of $1.67 billion, a PE ratio of 17.65 and a beta of 1.12. Brady Corporation has a 52 week low of $31.70 and a 52 week high of $40.50. The stock has a 50 day moving average price of $33.12 and a 200-day moving average price of $36.47.
Brady Corporation (NYSE:BRC) last issued its quarterly earnings data on Thursday, May 25th. The industrial products company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. Brady Corporation had a net margin of 8.64% and a return on equity of 14.44%. The business had revenue of $275.90 million during the quarter, compared to analysts’ expectations of $279.39 million. During the same period last year, the company posted $0.42 EPS. The business’s revenue was down 3.8% on a year-over-year basis. On average, equities analysts predict that Brady Corporation will post $1.81 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/08/24/brady-corporation-brc-stake-increased-by-great-west-life-assurance-co-can.html.
A number of research analysts have recently commented on the company. Zacks Investment Research cut Brady Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub cut Brady Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Brady Corporation presently has a consensus rating of “Hold” and an average target price of $38.75.
About Brady Corporation
Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.
Want to see what other hedge funds are holding BRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brady Corporation (NYSE:BRC).
Receive News & Stock Ratings for Brady Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brady Corporation and related stocks with our FREE daily email newsletter.