BRC Stock Summary and Trading Ideas (Brady | NYSE:BRC)

Brady Corp provides identification solutions and workplace safety products. The company offers identification and healthcare products that are sold under the Brady brand to maintenance, repair, and operations as well as original equipment manufacturing customers. Products include safety signs and labelling systems, material identification systems, wire identification, patient identification, and people identification. Brady also provides workplace safety and compliance products such as safety and compliance signs, asset tracking labels, and first-aid products. The largest end market is the United States.

Brady trades on the NYSE stock market under the symbol BRC.

As of April 24, 2024, BRC stock price climbed to $59.65 with 243,925 million shares trading.

BRC has a beta of 0.29, meaning it tends to be less sensitive to market movements. BRC has a correlation of 0.04 to the broad based SPY ETF.

BRC has a market cap of $2.88 billion. This is considered a Mid Cap stock.

Last quarter Brady reported $323 million in Revenue and $.93 earnings per share. This fell short of revenue expectation by $-17 million and exceeded earnings estimates by $.01.

In the last 3 years, BRC stock traded as high as $63.02 and as low as $40.52.

The top ETF exchange traded funds that BRC belongs to (by Net Assets): IJR, VTI, VB, FVD, VBR.

BRC has underperformed the market in the last year with a return of +16.0%, while the SPY ETF gained +24.2%. In the last 3 month period, BRC fell short of the market, returning -0.4%, while SPY returned +4.6%. However, in the most recent 2 weeks BRC has outperformed the stock market by returning -0.4%, while SPY returned -2.7%.

BRC support price is $58.42 and resistance is $59.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BRC stock will trade within this expected range on the day.