Brady (NYSE:BRC) Stock, Quote.Headers.trade-ideas

Brady

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 labeling 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 company is organized and managed on a geographic basis with two reportable segments: Americas & Asia which derives maximum revenue, and Europe & Australia.

Earnings

Large Cap

Mid Cap

News

Markets

Analyst Ratings

Trading Ideas

Investors looking for stocks in the Security and Safety Services sector might want to consider either Brady (NYSE: BRC) or Allegion. But which of these two stocks is more attractive to value investors? We&#39;ll need to take a closer look to find out.

BRC or ALLE: Which Is the Better Value Stock Right Now?

Dollaro in calo e azioni in rialzo: analisi post-IPP

Intraday Update

Movers

BOWL

GWRE

PACB

PSNY

SMAR

TVTX

ZUMZ

Quanex Building Products Posts Better-Than-Expected Results, Joins Zumiez, Guidewire Software, Smartsheet And Other Big Stocks Moving Higher On Friday

Market,Sentiment,,Fear,And,Greed,Index,,Emotional,On,Stock,Market

Pre-Market Outlook

GIII

TSLA

Dow Dips Over 200 Points, S&amp;P Falls For 3rd Session In A Row: Fear &amp; Greed Index Remains In &#39;Neutral&#39; Zone

Brady Corp

BRC Inc

BROOKFIELD CP PREF A 42 by BROOKFIELD CORP.

Brookfield Corp

Nordique Resources Inc

BRAINCHIP HLDGS LTD ORD by Brainchip Holdings Ltd.

BrainChip Holdings Ltd

BURON NUTRASCIENCE CORP by Burcon NutraScience Corp.

Burcon NutraScience Corp

BUSCANDO RES CORP by Buscando Resources Corp.

Buscando Resources Corp

Beard Co

BRASILAGRO CIA BRASILERA by Brasilagro Brazilian Agric Real Estate Co

BioArctic AB

A substantial insider sell was reported on September 16, by Russell Shaller, President &amp; CEO at Brady (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>), based on the recent SEC filing.
What Happened: Shaller's recent move involves selling 12,547 shares of Brady. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000746598/000074659824000077//Archives/edgar/data/746598/000074659824000077/0000746598-24-000077-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value is $916,934.
As of Tuesday morning, Brady shares are down by 0.0%, currently priced at $74.59.
<h3>Get to Know Brady Better</h3>
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 labeling 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 company is organized and managed on a geographic basis with two reportable segments: Americas &amp; Asia which derives maximum revenue, and Europe &amp; Australia.
<h3>Brady: A Financial Overview</h3>
Negative Revenue Trend: Examining Brady's financials over 3 months reveals challenges. As of 31 July, 2024, the company experienced a decline of approximately -0.73% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 51.56%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Brady's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.16.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.12.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Brady's P/E ratio of 18.33 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 2.7, Brady's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Brady's EV/EBITDA ratio, surpassing industry averages at 12.21, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Illuminating the Importance of Insider Transactions</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000746598">Check Out The Full List Of Brady's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

President & CEO Of Brady Sold $916K In Stock

Investors looking for stocks in the Security and Safety Services sector might want to consider either Brady (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brc#NYSE">BRC</a>) or Allegion. But which of these two stocks is more attractive to value investors? We&#39;ll need to take a closer look to find out.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Brady and Allegion are both sporting a Zacks Rank of # 2 (Buy) right now. This means that both companies have witnessed positive earnings estimate revisions, so investors should feel comfortable knowing that both of these stocks have an improving earnings outlook. However, value investors will care about much more than just this.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company&#39;s fair value.
BRC currently has a forward P/E ratio of 15.97, while ALLE has a forward P/E of 18.53. We also note that BRC has a PEG ratio of 2.07. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company&#39;s expected EPS growth rate. ALLE currently has a PEG ratio of 4.13.
Another notable valuation metric for BRC is its P/B ratio of 3.23. The P/B is a method of comparing a stock&#39;s market value to its book value, which is defined as total assets minus total liabilities. By comparison, ALLE has a P/B of 8.23.
These metrics, and several others, help BRC earn a Value grade of B, while ALLE has been given a Value grade of C.
Both BRC and ALLE are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that BRC is the superior value option right now.
<a href="https://www.zacks.com/stock/news/2334125/brc-or-alle-which-is-the-better-value-stock-right-now?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_3-2334125">To read this article on Zacks.com click here.</a>

U.S. stocks were mixed, with the Nasdaq Composite falling around 150 points on Friday.
Shares of Quanex Building Products Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NX#NYSE">NX</a>) rose sharply during Friday's session after the company reported better-than-expected third-quarter financial results and issued <a href="https://www.benzinga.com/quote/NX/earnings">FY24 guidance above estimates.</a>
Quanex Building Prods reported quarterly earnings of 73 cents per share which beat the analyst consensus estimate of 70 cents per share. The company reported quarterly sales of $280.300 million which beat the analyst consensus estimate of $278.457 million.
Quanex Building Products shares jumped 19.9% to $29.80 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Argan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) gained 28.4% to $91.64 after the company reported better-than-expected second-quarter financial results.</li>
<li>Travere Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVTX#NASDAQ">TVTX</a>) shares rose 15.3% to $11.45 after the company announced it that the FDA has granted full approval to FILSPARI to slow kidney function decline in adults with primary IgAN who are at risk of disease progression. Also, HC Wainwright &amp; Co maintained a Buy rating on the stock and raised its price target from $20 to $23.</li>
<li>Zumiez Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) rose 15.3% to $29.67 following quarterly results.</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) gained 15% to $44.58 after the company reported better-than-expected quarterly financial results and raised its FY25 guidance.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) gained 14.6% to $1.6050.</li>
<li>Guidewire Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) rose 13.9% to $163.94 after the company reported better-than-expected quarterly financial results. Also, Oppenheimer and Baird maintained an Outperform rating on the stock and raised their respective price targets.</li>
<li>Bowlero Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) climbed 13.5% to $12.25 after the company reported better-than-expected fourth-quarter sales results and issued FY25 revenue guidance above estimates.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) gained 9.7% to $1.4485.</li>
<li>Smartsheet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) rose 9.6% to $54.11 following better-than-expected quarterly financial results. The company also raised its FY25 EPS outlook.</li>
<li>Brady Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) gained 6.8% to $76.75 after the company reported better-than-expected quarterly adjusted EPS results. Also, the company authorized an additional $100 million of shares for repurchase.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rose 6% to $5.14 after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $5.30 to $8.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40748814/top-4-financials-stocks-that-may-crash-this-month">Top 4 Financials Stocks That May Crash This Month</a></li>
</ul>

WIIM

Brady shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results. Also, the company authorized an additional $100 million of shares for repurchase.

Brady's Board Of Directors Authorized An Additional $100M Of Shares For Repurchase, Which Based On Current Share Prices Equates To Approximately 1.5M Shares And Approximately 3% Of Outstanding Shares

The Company expects GAAP earnings per diluted Class A Nonvoting Common Share to range from&nbsp;$4.15&nbsp;to&nbsp;$4.45, which would be an increase of&nbsp;2.0 percent&nbsp;to&nbsp;9.3 percent&nbsp;over GAAP earnings per diluted Class A Nonvoting Common Share of&nbsp;$4.07&nbsp;for the year ended July 31, 2024.
The Company also expects Diluted EPS Excluding Certain Items&#x2A; to range from&nbsp;$4.40&nbsp;to&nbsp;$4.70&nbsp;for the year ending July 31, 2024, which would be an increase of&nbsp;4.3 percent&nbsp;to&nbsp;11.4 percent&nbsp;over Diluted EPS Excluding Certain Items&#x2A; of&nbsp;$4.22&nbsp;for the year ended July 31, 2024. Adjusted from this Diluted EPS Excluding Certain Items&#x2A;&nbsp;guidance&nbsp;is amortization expense estimated at&nbsp;$0.25&nbsp;per share for the year ending July 31, 2025.
Included in fiscal 2025&nbsp;guidance&nbsp;are a full-year income tax rate of approximately&nbsp;20 percent&nbsp;and depreciation and amortization expense ranging from&nbsp;$38 million&nbsp;to&nbsp;$40 million. Capital expenditures are expected to approximate&nbsp;$35 million. Fiscal 2025&nbsp;guidance&nbsp;is based upon foreign currency exchange rates as of July 31, 2024 and assumes continued economic growth.

Guidance

Brady Corporation Expects FY25 Adjusted EPS Of $4.40-$4.70 Vs. $4.42 Estimate

Brady (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) reported quarterly earnings of $1.19 per share which beat the analyst consensus estimate of $1.11 by 7.21 percent. This is a 14.42 percent increase over earnings of $1.04 per share from the same period last year. The company reported quarterly sales of $343.40 million which missed the analyst consensus estimate of $351.64 million by 2.34 percent. This is a 0.73 percent decrease over sales of $345.93 million the same period last year.

Earnings Beats

Earnings Misses

Brady Q4 Adj $1.19 Beats $1.11 Estimate, Sales $343.40M Miss $351.64M Estimate

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Thursday.
U.S. stocks settled lower on Thursday, with the Dow Jones index falling more than 200 points during the session. The S&amp;P 500, meanwhile, recorded losses for a third session in a row.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares gained 4.9% on Thursday after the company announced plans to roll out its full self-driving (FSD) driver assistance software in Europe and China in the first quarter of 2025. Shares of G-III Apparel Group, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIII#NASDAQ">GIII</a>) jumped 22% during Thursday&#8217;s session after the company reported better-than-expected second-quarter adjusted EPS results and issued its FY25 guidance above estimates.
On the economic data front, U.S. private businesses added 99,000 workers to their payrolls in August compared to a revised 111,000 gain in July and versus market estimates of 145,000. U.S. initial jobless claims fell by 5,000 from the prior week to 227,000 in the week ending August 31, compared to market estimates of 230,000.
Most sectors on the S&amp;P 500 closed on a negative note, with healthcare, industrials, and financials stocks recording the biggest losses on Thursday. However, communication services and consumer discretionary stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 219 points to 40,755.75 on Thursday. The S&amp;P 500 fell 0.30% to 5,503.41, while the Nasdaq Composite gained 0.25% at 17,127.66 during Thursday's session.
Investors are awaiting earnings results from ABM Industries Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>), The Big Lots, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIG#NYSE">BIG</a>), and Brady Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 46.8, the index remained in the &#8220;Neutral&#8221; zone on Thursday, versus a prior reading of 49.7.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next:<a href="https://www.benzinga.com/top-stories/24/09/40730015/jim-cramer-oklo-is-losing-money-hand-over-fist-but-this-private-equity-stock-is-a-buy"> </a>
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/40730015/jim-cramer-oklo-is-losing-money-hand-over-fist-but-this-private-equity-stock-is-a-buy">Jim Cramer: Oklo Is Losing Money &#8216;Hand-Over-Fist,&#8217; But This Private Equity Stock Is A Buy</a></li>
</ul>

Dow Dips Over 200 Points, S&P Falls For 3rd Session In A Row: Fear & Greed Index Remains In 'Neutral' Zone

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects ABM Industries Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>) to report quarterly earnings at 86 cents per share on revenue of $2.04 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. ABM shares gained 3.4% to $58.00 in after-hours trading.</li>
<li>Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) <a href="https://www.benzinga.com/news/earnings/24/09/40741225/broadcom-q3-earnings-revenue-beat-eps-beat-continued-strength-in-ai-solutions-and-vmware-2024-ai-gu">reported</a> better-than-expected third-quarter financial results after the closing bell on Thursday. The company said it expects fourth-quarter revenue of approximately $14 billion. Broadcom shares fell 6.7% to $142.53 in the after-hours trading session.</li>
<li>Analysts are expecting Big Lots, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIG#NYSE">BIG</a>) to post quarterly earnings at $3.46 per share on revenue of $1.04 billion. The company will release earnings before the markets open. Big Lots shares rose 23% to $0.5602 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) reported worse-than-expected first-quarter financial results on Thursday. The company reported quarterly sales of $88.334 million which missed the analyst consensus estimate of $102.525 million. Smith &amp; Wesson Brands shares declined 7.3% to $13.15 in the after-hours trading session.</li>
<li>Analysts expect Brady Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) to report quarterly earnings at $1.20 per share on revenue of $12.96 billion after the closing bell. Brady shares gained 4.2% to $74.83 in the after-hours trading session.</li>
</ul>
Check This Out:
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/40730015/jim-cramer-oklo-is-losing-money-hand-over-fist-but-this-private-equity-stock-is-a-buy">Jim Cramer: Oklo Is Losing Money &#8216;Hand-Over-Fist,&#8217; But This Private Equity Stock Is A Buy</a></li>
</ul>
Photo courtesy: Shutterstock

AVGO

SWBI

Broadcom, ABM Industries And 3 Stocks To Watch Heading Into Friday

A quarterly dividend to shareholders of the Company&#39;s Class A Common Stock of&nbsp;$0.24&nbsp;per share will be paid on October 31, 2024, to shareholders of record at the close of business on October 10, 2024.&nbsp;

Dividends

Brady Boosts Annual Dividend On Class A Common Stock From $0.94 To $0.96 Per Share

Brady Corporation Subsidiary Braton Europe To Acquire Gravotech For ~$130M; Transaction Expected To Close August 1, 2024; Acquisition To Be Financed By Cash On Hand And Existing Credit Agreement

Kennametal Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmt#NYSE">KMT</a>) has failed to impress investors with its recent operational performance due to weakness across its segments and rising operating expenses. Also, given Kennametal&#39;s extensive international presence, foreign currency headwind adds to the uncertainty.
Based in Latrobe, PA, Kennametal is a manufacturer, marketer and distributor of high-speed metal cutting tools, tooling systems and wear-resistant parts. The company&#39;s products are used by manufacturers and suppliers in oil and gas exploration, road construction and other industries. Shares of Kennametal have lost 11% in the year-to-date period. KMT currently carries a Zacks Rank #4 (Sell).
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d9/70805.jpg?v=2045063525" />
Image Source: Zacks Investment Research
Let&#39;s discuss the factors that may continue taking a toll on the firm.
<h3>Factors Affecting Kennametal</h3>
Business Weakness: Lower volume in general engineering, energy and earthwork end markets, owing to the declines in industrial activity and decreased underground mining in Asia Pacific, is affecting the Infrastructure segment. Also, reduced oil and gas activities in the United States owing to decreased rig counts remain a concern for the segment. Decrease in demand across general engineering and energy end markets, owing to lower industrial activity, softness in oil and gas markets and delays in wind energy projects, is affecting the Metal Cutting segment&#39;s revenues.
Escalating Costs: Rising operating expenses pose a concern for KMT. In the first nine months of fiscal 2024 (ended March 2024), the company&#39;s operating expenses increased year over year due to higher compensation expenses. The impact of these expenditures is evident in the rise of operating expenses as a percentage of total revenues, which climbed 40 basis points to reach 21.8%. In the same period, the company&#39;s operating margin decreased 170 basis points due to headwinds from higher wages and general inflation. Continued pressures from the high operating expenses are expected to dent Kennametal&#39;s bottom line in the near term.
Forex Woes: Kennametal&#39;s international presence exposes it to the risk of adverse currency fluctuations. This is because a strengthening U.S. dollar may require the company to either raise prices or contract profit margins in locations outside the United States. Thus, adverse currency movements are a worry for the company. In the third quarter of fiscal 2024, forex woes negatively affected the company&#39;s sales by 1%.
Southward Estimate Revision: The Zacks Consensus Estimate for KMT&#39;s fiscal 2024 (ended June 2024) earnings has been revised 2.7% downward in the past 60 days.
<h3>Stocks to Consider</h3>
Some better-ranked companies from the Industrial Products sector are discussed below:
Applied Industrial Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ait#NYSE">AIT</a>) presently sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter average earnings surprise of 8.2%.
The Zacks Consensus Estimate for AIT&#39;s fiscal 2024 earnings has improved 0.9% in the past 60 days. The stock has risen 9.3% in the year-to-date period.
Brady Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brc#NYSE">BRC</a>) presently carries a Zacks Rank #2 (Buy) and has a trailing four-quarter earnings surprise of 6.7%, on average.
The consensus estimate for BRC&#39;s fiscal 2024 earnings has increased 3.3% in the past 60 days. Shares of Brady have gained 12.5% in the year-to-date period.
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently holds a Zacks Rank of 2. CR delivered a trailing four-quarter earnings surprise of 15.2%, on average.
The Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 0.8% in the past 60 days. Its shares have gained 20.5% in the year-to-date period.
<a href="https://www.zacks.com/stock/news/2298737/here-s-why-investors-should-avoid-kennametal-kmt-for-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2298737">To read this article on Zacks.com click here.</a>

Small Cap

Here's Why Investors Should Avoid Kennametal for Now

PATRICK ALLENDER, Director at Brady (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>), reported a large exercise of company stock options on May 28, according to a new SEC filing.
What Happened: The latest Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0000746598/000074659824000041//Archives/edgar/data/746598/000074659824000041/0000746598-24-000041-index.htm">U.S. Securities and Exchange Commission</a> uncovered ALLENDER, Director at Brady, exercising stock options for 4,250 shares of BRC. The total transaction was valued at $192,695.
The latest update on Tuesday morning shows Brady shares down by 0.28%, trading at $68.0. At this price, ALLENDER's 4,250 shares are worth $192,695.
<h3>About Brady</h3>
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.
<h3>A Deep Dive into Brady's Financials</h3>
Revenue Growth: Brady's remarkable performance in 3 months is evident. As of 30 April, 2024, the company achieved an impressive revenue growth rate of 1.86%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 51.55%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Brady's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.06.
</li>
</ul>
Debt Management: Brady's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.09.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 17.44 is lower than the industry average, implying a discounted valuation for Brady's stock.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 2.48 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 11.45, Brady demonstrates a robust market valuation, outperforming industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Transaction Codes To Focus On</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000746598">Check Out The Full List Of Brady's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PATRICK ALLENDER At Brady Executes Options Exercise, Realizing $192K

Shares of XP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) fell sharply during Wednesday's session after the company reported worse-than-expected <a href="https://www.benzinga.com/quote/XP/earnings">first-quarter EPS results</a>.
XP posted quarterly earnings of 37 cents per share, missing market estimates of 40 cents per share. The company's quarterly sales came in at $818.79 million versus expectations of $784.08 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
XP shares dipped 11.5% to $18.99 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Akoustis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares climbed 213.3% to $0.4254 after the company reportedly floated the probability of bankruptcy after losing a lawsuit against Qorvo.</li>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) gained 119.7% to $1.1883 on continued volatility. Greenhaven last week said it continues to explore a possible transaction with the company.</li>
<li>Binah Capital Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCG#NASDAQ">BCG</a>) gained 58.7% to $4.27.</li>
<li>Siyata Mobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYTA#NASDAQ">SYTA</a>) jumped 56% to $3.70 after the company announced the expansion of its SD7 rollout at Baha Mar Resort.</li>
<li>BuzzFeed, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZFD#NASDAQ">BZFD</a>) shares gained 48.2% to $3.71 after Vivek Ramaswamy disclosed a 7.7% stake in the company.</li>
<li>Oblong, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) rose 36% to $0.2300.</li>
<li>Mustang Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIO#NASDAQ">MBIO</a>) shares gained 27% to $0.3951 after falling over 8% on Tuesday.</li>
<li>DermTech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMTK#NASDAQ">DMTK</a>) rose 26% to $0.44.</li>
<li>IGM Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGMS#NASDAQ">IGMS</a>) jumped 24% to $10.44.</li>
<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) gained 23% to $3.0201 following better-than-expected quarterly financial results.</li>
<li>FREYR Battery, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FREY#NYSE">FREY</a>) gained 22.8% to $2.42 after the company issued an operations update.</li>
<li>CureVac N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVAC#NASDAQ">CVAC</a>) jumped 20.3% to $3.9604.</li>
<li>Maxeon Solar Technologies, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) rose 20% to $3.2601. Maxeon Solar Technologies announced Nasdaq notification of non-compliance.</li>
<li>MGO Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) gained 15.6% to $1.4450. MGO Global shares jumped around 447% on Tuesday after the company posted a year-over-year increase in its first-quarter financial results.</li>
<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) rose 12.8% to $0.7002.</li>
<li>LM Funding America, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMFA#NASDAQ">LMFA</a>) shares climbed 12.2% to $3.67 after jumping around 15% on Tuesday. LM Funding America, last week, posted better-than-expected first-quarter earnings.</li>
<li>Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) gained 12.1% to $21.43.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) rose 10.5% to $3.0294 after the company announced it will now offer Tesla Powerwall 3 as part of its portfolio.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) climbed 9.5% to $16.33. Shah Capital recently withdrew its proxy campaign against the re-election of directors at Novavax&#8217;s 2024 Annual Meeting.</li>
<li>Canadian Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) rose 9.2% to $17.28. Roth MKM analyst Philip Shen maintained Canadian Solar with a Buy and maintained a $25 price target.</li>
<li>Brady Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) gained 8.6% to $65.48 after the company posted upbeat quarterly earnings and raised earnings guidance for FY24.</li>
<li>VS Media Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSME#NASDAQ">VSME</a>) gained 7.7% to $0.4065 after falling over 7% on Tuesday.</li>
<li>The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) gained 6.8% to $104.32 following upbeat earnings.</li>
<li>Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) jumped 6% to $229.69 following better-than-expected second-quarter financial results.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) rose 5.6% to $151.80.</li>
<li>Williams-Sonoma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) gained 4.7% to $329.05 after the company reported first-quarter financial results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) shares fell 52.7% to $2.05 after the company announced the pricing of a $6 million public offering.</li>
<li>Oragenics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGEN#NYSE">OGEN</a>) dipped 41.1% to $1.79. Oragenics named William &#8220;Frank&#8221; Peacock MD as Chief Clinical Officer.</li>
<li>Biodexa Pharmaceuticals Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDRX#NASDAQ">BDRX</a>) fell 39% to $1.4192 after the company announced $7 million of gross proceeds from warrant exercises.</li>
<li>Hywin Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYW#NASDAQ">HYW</a>) dipped 35.7% to $0.45.</li>
<li>MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) fell 29.3% to $0.6288.</li>
<li>Ault Alliance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AULT#NYSE">AULT</a>) declined 25% to $0.3530.</li>
<li>FLJ Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLJ#NASDAQ">FLJ</a>) shares fell 24.3% to $0.8625 after jumping over 46% on Tuesday.</li>
<li>Cheetah Net Supply Chain Service Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) dipped 22% to $0.9091.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) fell 22% to $1.0801</li>
<li>MultiMetaVerse Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) fell 19.7% to $0.7350.</li>
<li>Yatsen Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YSG#NYSE">YSG</a>) shares declined 18.6% to $3.7050 following downbeat second-quarter results.</li>
<li>LifeStance Health Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFST#NASDAQ">LFST</a>) shares declined 17.4% to $6.17. LifeStance Health Group priced its secondary public offering of 20 million common shares at $6.25 per share.</li>
<li>Nanobiotix S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTX#NASDAQ">NBTX</a>) dipped 13.7% to $6.09 following first-quarter results.</li>
<li>Viasat Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) fell 12.6% to $16.42 after the company reported its fourth-quarter financial results.</li>
<li>Golden Ocean Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) declined 11.7% to $13.92 following first-quarter financial results.</li>
<li>Hovnanian Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) fell 11.1% to $150.26 following second-quarter results.</li>
<li>Photronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAB#NASDAQ">PLAB</a>) declined 10.8% to $25.19 following worse-than-expected second-quarter financial results and soft third-quarter guidance.</li>
<li>IAMGOLD Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) shares fell 9.6% to $4.06 after the company announced a $300 million bought deal financing.</li>
<li>Modine Manufacturing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) shares fell 8.6% to $92.79 following mixed fourth-quarter results.</li>
<li>Hudbay Minerals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBM#NYSE">HBM</a>) shares declined 8% to $9.53 after the company announced a $300 million Bought Deal Equity Offering.</li>
<li>CAE Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAE#NYSE">CAE</a>) fell 8% to $18.25 after the company reported a year over-year decrease preliminary fourth-quarter financial results.</li>
<li>Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) fell 7.7% to $143.78 following downbeat quarterly earnings.</li>
<li>Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) fell 7.6% to $120.28. Toll Brothers reported stronger-than-expected results for its second quarter and raised its FY24 forecast.</li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) shares declined 6.7% to $301.39 after the company announced that its Chief Product Officer resigned and the company does not intend to replace the role.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38962846/jim-cramer-this-industrial-stock-is-doing-very-well-heres-his-take-on-palantir">Jim Cramer: This Industrial Stock Is Doing &#8216;Very Well&#8217;; Here&#8217;s His Take On Palantir</a>

AKTS

AULT

BDRX

BNED

BZFD

CSIQ

CTNT

CVAC

DMTK

EDBL

FFIE

FREY

GOGL

IGMS

LFST

LMFA

LULU

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

MBIO

MGOL

Eaton Vance Massachusetts Municipal Income Trust

MRNA

NBTX

NVAX

OBLG

OGEN

PLAB

SPWR

SYTA

VERO

VSAT

VSME

WOOF

Why XP Shares Are Trading Lower By Around 12%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Wall Street experienced a muted session on Wednesday morning as traders adopted a cautious stance ahead of the Federal Reserve meeting minutes release at 2 p.m. EDT and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) earnings announcement <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38958935/can-nvidia-live-up-to-the-hype-analyst-says-q1-earnings-anticipation-like-that-of-a">after the market close.</a>
The tech-heavy Nasdaq 100 gained 0.2%, slightly outperforming other major indices, with the S&amp;P 500 and the Dow both in negative territory by midday in New York.
Small caps, tracked by the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), fell by 0.4%.
Significant gains were observed in solar and clean energy industries. The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) surged nearly 9%, and the Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) jumped 5%. These gains were likely driven by newly announced trade tariff modifications on solar manufacturing equipment by the United States Trade Representative.
Notably, First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) soared 16% to fresh all-time highs, on track for its top-performing session gains in over a year.
Treasury yields remained steady, while the U.S. dollar index (DXY) strengthened by 0.2%. Traders are currently pricing in a 42-basis-point reduction in Federal Reserve rates by year-end.
In the commodities markets, metals saw significant declines, with gold, silver and copper falling 1.2%, 2% and 4.9%, respectively, with copper particularly affected by reports of abundant inventories in China.
Natural gas prices rallied over 4%, while oil prices eased by 0.6%. In the cryptocurrency market, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) remained flat at $70,400.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,745.23</td>
<td>0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,318.84</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,809.02</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,093.71</td>
<td>-0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:03 EDT </figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was 0.1% lower to $530.75, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.2% to $397.99 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) was up 0.1% to $456.34, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Among sectors, the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up by 0.5%. The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged behind, dropping 1.8%, likely impacted by news of the Biden administration directing the Department of Energy to release 1 million barrels of <a href="https://www.benzinga.com/government/24/05/38966104/biden-plans-release-of-1-million-barrels-of-gasoline-to-curb-northeast-prices-because-hes-unable-to">gasoline from strategic reserves.</a>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Other than First Solar, solar stocks rallying on Wednesday included Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) up 9%, SunPower Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>), up 28% and Maxeon Solar Technologies, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) up 27%. </li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 3%, after the EV maker reported a decline in annual sales in Europe. </li>
<li>TJX Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) rose 6% in reaction to quarterly earnings. </li>
<li>Other companies reacting to earnings were Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), up 8.8%, Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), down 7.5%, Williams-Sonoma Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>), down 6.7%, Dycom Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DY#NYSE">DY</a>), up 8.5%, Toll Brothers Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>), down 7.2%, XP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>), down 12%, Brady Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>), up 8.8%, Golden Ocean Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>), down 9.5% and ViaSat Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) down 15%.</li>
<li>Companies slated to report their earnings after the close include Nvidia Corp, Synopsys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), V.F. Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) and BBB Funds Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TBBB#NYSE">TBBB</a>). </li>
</ul>
Read now: <a href="https://www.benzinga.com/general/biotech/24/05/38951889/exclusive-roundhill-investments-launches-weight-loss-etf-for-exposure-to-blockbuster-drugs-like-o">EXCLUSIVE: Roundhill Investments Launches Weight Loss ETF For Exposure To Blockbuster Drugs Like Ozempic</a>
Photo via Shutterstock.

Equities

Macro Notification

Market Summary

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Commodities

Treasuries

Federal Reserve

Tech

ETFs

$BTC

SPDR Dow Jones Industrial Average ETF Trust

ENPH

FSLR

NVDA

PowerShares Exchange Traded Fund Trust WilderHill Clean Energy Portfolio

SNOW

SNPS

TBBB

Stocks Falter, Metals Fall As Traders Turn Cautious Ahead Of Fed Minutes, Nvidia Earnings; First Solar Hits Record Highs: What's Driving Markets Wednesday?

Brady shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 EPS guidance above estimates.

U.S. stocks were slightly lower, with the Dow Jones index falling around 10 points on Wednesday.
Shares of Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) rose sharply during Wednesday's session following better-than-expected <a href="https://www.benzinga.com/quote/ADI/earnings">second-quarter financial results</a>.
Analog Devices posted adjusted earnings of $1.40 per share, beating market estimates of $1.26 per share. The company's quarterly sales came in at $2.160 billion versus expectations of $2.106 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Analog Devices shares surged 6% to $229.69 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>IGM Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGMS#NASDAQ">IGMS</a>) jumped 24% to $10.44.</li>
<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) gained 23% to $3.0201 following better-than-expected quarterly financial results.</li>
<li>CureVac N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVAC#NASDAQ">CVAC</a>) shares surged 20.3% to $3.9604.</li>
<li>Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) shares rose 12.1% to $21.43.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) jumped 10.7% to $16.76.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) gained 10.5% to $3.0294 after the company announced it will now offer Tesla Powerwall 3 as part of its portfolio.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) gained 9.5% to $16.33. Shah Capital recently withdrew its proxy campaign against the re-election of directors at Novavax&#8217;s 2024 Annual Meeting.</li>
<li>Canadian Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) climbed 9.2% to $17.28. Roth MKM analyst Philip Shen maintained Canadian Solar with a Buy and maintained a $25 price target.</li>
<li>Brady Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) rose 8.6% to $65.48 after the company posted upbeat quarterly earnings and raised earnings guidance for FY24.</li>
<li>Loar Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOAR#NYSE">LOAR</a>) gained 7.8% to $60.31.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) climbed 7.3% to $227.62.</li>
<li>Fluence Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>) gained 7.1% to $20.18.</li>
<li>The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) rose 6.8% to $104.32 following upbeat earnings.</li>
<li>BioNTech SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) gained 6.4% to $98.00.</li>
<li>Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) rose 5.7% to $17.38 following upbeat quarterly earnings.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) gained 5.6% to $151.80.</li>
<li>Crinetics Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNX#NASDAQ">CRNX</a>) shares gained 5.5% to $52.22 after the company announced the early release of ENDO 2024 late-breaking abstracts..</li>
<li>Williams-Sonoma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) rose 4.7% to $329.05 after the company reported first-quarter financial results.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38962846/jim-cramer-this-industrial-stock-is-doing-very-well-heres-his-take-on-palantir">Jim Cramer: This Industrial Stock Is Doing &#8216;Very Well&#8217;; Here&#8217;s His Take On Palantir</a>

BNTX

CRNX

FLNC

LOAR

VIPS

Analog Devices Posts Strong Earnings, Joins TJX, Williams-Sonoma And Other Big Stocks Moving Higher On Wednesday

Brady Raises Adj FY24 EPS Guidance From$3.95 - $4.10 To $4.08 - $4.15 Vs. $3.99 Est.

Brady (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) reported quarterly earnings of $1.09 per share which beat the analyst consensus estimate of $1.02 by 6.86 percent. This is a 14.74 percent increase over earnings of $0.95 per share from the same period last year. The company reported quarterly sales of $343.38 million which beat the analyst consensus estimate of $339.80 million by 1.05 percent. This is a 1.86 percent increase over sales of $337.12 million the same period last year.

Brady Q3 Adj $1.09 Beats $1.02 Estimate, Sales $343.38M Beat $339.80M Estimate

A significant insider transaction involving the exercise of company stock options was reported on April 16, by Lee Nancy Gioia, Board Member at Brady (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>), as per the latest SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000746598/000074659824000026//Archives/edgar/data/746598/000074659824000026/0000746598-24-000026-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday revealed that Gioia, Board Member at Brady in the Industrials sector, exercised stock options for 4,250 shares of BRC stock. The exercise price of the options was $22.66 per share.
As of Wednesday morning, Brady shares are down by 0.0%, with a current price of $58.85. This implies that Gioia's 4,250 shares have a value of $153,807.
<h3>About Brady</h3>
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.
<h3>Unraveling the Financial Story of Brady</h3>
Revenue Growth: Brady's revenue growth over a period of 3 months has faced challenges. As of 31 January, 2024, the company experienced a revenue decline of approximately -1.11%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 50.24%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Brady's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 0.9.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.07, Brady adopts a prudent financial strategy, indicating a balanced approach to debt management.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 15.41, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 2.17 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 10.08 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Illuminating the Importance of Insider Transactions</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000746598">Check Out The Full List Of Brady's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Lee Nancy Gioia At Brady Executes Options Exercise, Realizing $153K

Here's the major earnings before the open tomorrow

Brady Non-GAAP EPS of $1.19 beats by $0.08, revenue of $343.4M misses by $8.34M

Today, several major companies are expected to report earnings: ABM Industries (ABM), Brady (BRC) and Genesco (GCO). Ahead of earnings, TipRanks sh...

Options Volatility and Implied Earnings Moves Today, September 06, 2024

Brady raises dividend by 2.1% to $0.24

Brady Corporation (BRC) Q4 2024 Earnings Call Transcript

Dividend Champion, Contender, And Challenger Highlights: Week Of September 8

Brady ( ($BRC) ) has provided an announcement. Brady Corporation reported a record high earnings per share (EPS) in the fiscal fourth quarter of 20...

Brady Corporation Announces Record Earnings and Shareholder Rewards

Cashen Keeler, an analyst from Bank of America Securities, reiterated the Buy rating on Brady (BRC – Research Report). The associated price target ...

Buy Rating for Brady Corp on Strong Financials and Strategic Growth Prospects

Brady Corporation: A Conservative Play On Global Expansion

An update from Brady ( ($BRC) ) is now available. Deidre Cusack has joined the Board of Directors of Brady Corporation, bringing with her a wealth ...

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Brady

Brady (BRC) Forecast

Brady (NYSE:BRC) Stock, Quote.Headers.trade-ideas